Which type of insurance typically provides coverage for personal liabilities?

Liability insurance is specifically designed to cover personal liabilities, which are potential legal responsibilities that can arise from accidents, injuries, or damages you may cause to another individual or their property. This type of insurance helps protect your assets and provides financial support in the event that you are sued for damages or injuries, covering legal costs and any settlements or judgments against you within the limits of your policy.

In contrast, commercial insurance primarily protects businesses from risks associated with their operations, while life insurance is meant to provide financial support to beneficiaries after the insured individual's death and does not cover liabilities. Property insurance focuses on protecting physical assets, such as homes or personal belongings, from damages or losses but does not include coverage for liability. Therefore, liability insurance is the most appropriate type of insurance for addressing personal liabilities directly.