Which type of liability arises from intentional torts like libel and slander?

The type of liability that arises from intentional torts such as libel and slander is personal and advertising liability. This area of liability specifically addresses harm caused to individuals or entities through false statements made about them, whether in written form (libel) or spoken form (slander). Such torts are intentional because they involve a deliberate act to defame or harm another party’s reputation.

Personal and advertising liability insurance is designed to protect businesses from lawsuits resulting from these acts, covering damages they may incur due to claims of defamation. This type of coverage can include not just direct statements but can also cover situations related to advertising that may result in reputational harm.

This contrasts with other types of liability options. Product liability is concerned with injuries or damages caused by defective products; premises liability involves injuries that occur on a property owned by someone else; and property damage liability addresses the damage inflicted on another person's property. Each of these categories deals with different circumstances and types of claims. Understanding the distinction is key for managing various risks in business operations.