Liability Insurance
Liability insurance is a type of insurance that covers compensable damages occurring in areas under the insured's responsibility. This insurance is designed to cover material or moral damages that may arise against third parties in situations owned or controlled by the insured.

Liability insurance is generally divided into two main categories: optional liability insurance and compulsory liability insurance. Optional liability insurance is purchased at the discretion of the insured, while compulsory liability insurance is mandated by legal regulations in certain fields to ensure coverage. These types of insurance provide security in both business and personal life, offering protection against potential risks.