This type of insurance provides for full or partial compensation for damage caused to other persons or their property by any individual or legal entity as a result of their actions. General civil liability insurance is available to cover such material liabilities. You will often come across the term third party in this insurance. A third party is understood to be a person who has suffered damage as a result of an insured event under liability insurance. That is, under the relevant insurance contract, the insured and the insurance company are considered the first and second parties, and the victim is the third party.
