Public liability insurance is one of the most popular forms of business insurance. In the UK it is common for companies to be sued if someone has an accident on their premises. Public Liability Insurance is the cover you need to ensure you do not lose out financially if this were to happen.
Introduction to Public Liability Insurance
We are living in an uncertain world where accidents can happen at anytime. No matter how careful you as a company are, accidents can, and invariably will, happen. Public Liability Insurance is your safety net in case one of these accidents were to happen on your property, and the court was to find in the favour of the claimant.
What is Public Liability Insurance Protection?
In the case of an accident, a third party (a public member, a client, or anyone else) can claim compensation against you if it is the fault of your business. The compensation can be for property damage or injuries.
For example, a person falls after slipping on a wet patch on the floor and injures themselves a claim may be filed against you, your insurer will hire a legal expert to fight your case. Your public liability insurance will also cover the compensations you are liable for if injured person’s claim is upheld.
Is your policy limited to the visitors at your place or event? No. You are also covered if you go out and something happens to you there. So, you do not need to worry if you accidentally spill a coffee over your clients brand new MacBook.
What is the Cost of Public Liability Insurance?
You can buy a public liability insurance for as little as £4.50/month for cover in the millions of pounds. The cost per month depends on what you do and how much cover you want.
If you want to find out more get in touch with us today and speak to one of our Public Liability Insurance experts.