To cover the costs that result if some aspect of the business causes harm to a third party or someone else's property, a firm would purchase

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Business liability insurance provides coverage for costs that arise due to harm caused by the business to a third party or someone else's property. It helps the business to protect itself against potential lawsuits, legal fees, and damages that could result in financial losses. Business interruption insurance provides coverage for lost income due to a disruption in operations, property insurance provides coverage for damage to the business's property, and key personnel insurance provides coverage for the loss of a key employee.

To Cover the Costs That Result If Some Aspect of the Business