Insurance companies can refer to any company that offers insurance cover to an insured person or business. Although insurance companies essentially offer the same services, (covering the insured against risk and loss) they all have different benefits and packages which they offer. If you want to know more about insurance companies then you can also look at :
Some insurers by way of instance benefit their clients for not asserting by paying cash out to them whenever they don't claim for any particular amount of time or don't claim over a specific quantity.
Insurance companies also fluctuate greatly in the main cover and services that they give. Some businesses offer medical insurance and pay for the insured for medical expenditures. The magnitude of cover may vary radically though.
Liability insurance is a kind of insurance which covers the dangers faced with the insured. It can basically be regarded as a transfer of accountability from the insured to the insurance company for a specific premium.
Even though most insurance policies may fit into this class, liability insurance does not guarantee a individual, property or anything concrete as such, but instead covers the danger itself. A good instance of this could be general public liability insurance that's typically taken out by companies to pay for them in the event a part of the general public is injured or encounters damage or loss to property that could be directly connected to the business enterprise.