Insurance that provides protection from claims arising from injuries or damage to other people or property WordNet 3.0 & Open English WordNet

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy. Wikipedia

A part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits Wikidata

Any insurance against a potential loss due to the insured's liability for injury or damage to others. Wiktionary

Insurance against liability. Wiktionary (translation)