Liability insurance covers specified legal responsibility for injury, damage, or other covered harm to third parties. Some policies also pay eligible defence expenses, either within or outside the liability limit. A loss suffered by the insured alone is not necessarily a liability claim.
A Nepalese business should identify whom its operations could harm and compare the relevant liability products. Public liability insurance, professional indemnity insurance, and directors and officers insurance address different exposures. Notify potential claims according to the policy and check who can approve settlements.