A form of liability insuranceInsurance which agrees to indemnify the insured for sums he may be required by law to pay to third parties as damages for bodily injury or damage to p... More for individuals which insures the policyholder in the event he has become liable to pay money for damage or injury he has caused to others. This form does not include automobile liability, but does coverTo protect with insurance, or the insurance protection provided. More almost every activity of the policyholder except those which arise from the operations of a business. Hence “Personal” Liability.