Two Basic Business Liability Coverages Explained | As you search for insurance coverage, you’ll come across a number of options for business liability insurance. The coverages and limits that are required for you will depend on your industry and any applicable government regulations. If you have doubts about which coverages you should choose, it’s best that you work with an agent who’s experienced with crafting policies to meet the needs of businesses in your area. In the meantime, here is what you should know about two liability coverages that you should expect to include in your policy.