Liability Insurance Posted on 5th December 201518th May 2021 by ThePD (The Project Definition) Liability Insurance is an Insurance to cover or protect in case of a contractual liability issue is happened. Related Definitions in the Project: The Bond and Insurance Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Posted in Controls and tagged contract, cost, insurance, legal. ThePD (The Project Definition) ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.