Public liability insurance

{
  "id": "MLC-T-INS-002754",
  "term": "Public liability insurance",
  "field": "Insurance and risk management",
  "definition": "A type of insurance that protects businesses and individuals against claims of injury or property damage sustained by third parties on their premises or as a result of their operations. It covers legal costs and compensation payments if the insured is found to be negligent. This coverage is distinct from professional indemnity insurance, which addresses claims arising from professional advice or services.",
  "url": "https://mlchart.com/terminology/insurance/public-liability-insurance/"
}