According to the research, liability insurance covers losses resulting from damage to people or property when the insured party is judged responsible.
It is designed to protect the insured in case of being declared responsible for having caused damage to a third party.
In other words, this indemnifies or covers the insured for acts of negligence, damages and losses that create a legal obligation with people or property.
Therefore, we can conclude that according to the investigation, liability insurance covers losses resulting from damage to people or property when the insured party is judged responsible.
Learn more about liability insurance here: https://brainly.com/question/16953663
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