liability insurance
(4) Liability insurance (A) In general The term “liability insurance” means insurance for legal liabilities incurred by the insured resulting from— (i) loss of or damage to property of others; (ii) ensuing loss of income or extra expense incurred because of loss of or damage to property of others; (iii) bodily injury (including) to persons other than the insured or its employees; or (iv) loss resulting from debt or default of another.