This is the 15247th most frequent Korean word.
배상책임보험
Liability insurance.
Here, '배상책임보험' refers to the concept of liability insurance as a financial mechanism to cover damages.
배상책임보험은 사고 발생 시 손해를 보상합니다.
Liability insurance compensates for damages in case of accidents.
In this sentence, '배상책임보험' is used in the context of the individual subscribing to this insurance as a preventative measure.
저는 집주로서 배상책임보험을 가입했습니다.
As a landlord, I subscribed to liability insurance.
Here, '배상책임보험' represents the particular type of insurance and its scope which can change based on conditions.