Public liability insurance is a type of insurance coverage that protects businesses from financial losses resulting from claims of third-party bodily injury or property damage occurring on their premises or as a result of their business operations. This insurance typically provides coverage for legal defense costs, settlements, and judgments resulting from such claims. Public liability insurance is essential for businesses that interact with the public, such as retail stores, restaurants, contractors, and event organizers, as it helps to mitigate the financial risks associated with accidents or incidents involving customers, visitors, or members of the public.