What type of insurance protects against claims arising from injuries or damage to others?

Liability insurance is specifically designed to protect individuals and businesses from claims arising due to injuries or damages that they may cause to other people or their property. This type of insurance typically covers legal costs and any settlements or awards that may arise from liability claims.

For example, if a person accidentally damages someone else's property or causes bodily injury, liability insurance would help cover the costs associated with those claims, including legal fees, which can be substantial.

In contrast, business insurance usually covers a broader range of risks associated with running a business and may include property, liability, and other forms of coverage. Property insurance is focused on protecting physical assets, such as buildings and equipment, against risks like fire or theft. Surplus lines insurance pertains to coverage not available in the standard market, often for high-risk situations or specialized needs, but does not specifically focus on liability scenarios. Thus, liability insurance is the most appropriate answer for protecting against claims related to injuries or damages to others.