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This vital cover is designed to protect your business in the event of a claim for an injury or damage to property by anyone visiting your premises.
Public liability insurance covers legal fees and compensation that become due as a result of a customer or member of the public making a claim for an injury resulting from an accident or damage to property occurring.
A duty of care
Almost every business will need some form of public liability insurance cover. Accidents can happen – and without adequate insurance, can be extremely costly. Anyone who visits your premises and suffers an injury or loss as a result of your business can claim compensation.
If a customer or member of the public makes a claim against your business for compensation, public liability insurance is designed to cover the legal fees as well as any compensation payment awarded. Even if your deemed not to be at fault, the costs can be significant.
Unlike employers’ liability insurance, it’s not a legal requirement to have public liability insurance. However, as a business owner, you have a duty of care to anyone visiting your premises. And the cost of not being properly insured if an accident occurs could financially ruin your company – and your reputation.
Public Liability Insurance provides cover for:
The amount of cover you need will depend on a number of factors specific to your business. These will include your business activities, the location and type of environment you operate from and the processes that your company uses – particularly if these include higher risk activities such as heat-related work. Cover is generally available from £1 million up to £10 million or even higher.
Generally speaking, public liability insurance is recommended for most businesses. Regardless of whether you work from in an office, from home or in a public space, you could be held liable should an accident occur that is related to your work. For example, if a client comes to a meeting in your home office and their laptop gets damaged, or if you’re an electrician and somebody trips over your toolbox and is injured, you could be held responsible and face compensation claims.
Public liability insurance protects your business in the event of a claim from a visitor, customer or member of the public following an accident or damage that is deemed to be caused by your company. Employers’ liability insurance – compulsory for most companies by law – is there to provide protection for claims made by an employee or other worker. It is likely that you will need will need a package of insurance that is tailored to meet your specific needs and provide the right cover for your business.
If you need public liability insurance, it’s likely you’ll need other insurance solutions to protect your business.
From start-ups to companies with a global presence, we will tailor an insurance package to suit your needs.
Our approach is to get to know you and your business and help you identify your specific insurance risks. We’ll assess and then provide solutions to meet your requirements. We’re here to help as your business grows and changes and adapt your cover accordingly.
We like to talk to our clients in whichever way suits you – whether it be face to face, via web-meeting or on the telephone.
To find out how we can help your business, speak to our friendly team of experts.