What are common categorizations of insurance?

The video tutorial provides an overview of different types of insurance coverage, including individual versus group coverage, personal versus commercial insurance, liability insurance, and property and casualty insurance. It explains the distinctions between these types, the responsibilities of insurers, and the implications for policyholders. The tutorial also discusses potential legal issues that may arise in determining whether a risk is personal or commercial.

Describe the role of an insurer in property and casualty insurance.

How does liability coverage differ from property and casualty insurance?