This is embarrassing because i think i should get it by now, but are are the real distinctions between a “property” and “liability” style claim? Because it seems to me that a “liability” style claim is a claim where the insured has cause some, any, damages to a third party and liable for trying to make things right through either repair of physical/tangible property, or medical bills or other “harm”(slander?libel?data breach?).
Where property is basically everything else. This includes intuitive “property” exposures like physical structures and business personal property, but also less intuitive exposures like employee theft.
Is there an easier rule of thumb to embrace the distinctions between “property” and “liability” ?
Till all are one,