Public Liability Insurance
Whether you are a new business or an existing one you need to consider very carefully obtaining the correct covers for your activities. Public Liability Insurance, although not a legal requirement, is extremely important as a claim against your business without appropriate cover could potentially close the company or bankrupt the individual sole trader.
What is Public Liability Insurance?
Your public liability insurance policy will cover your legal liability to pay damages in the event of a third party (member of the public) sustaining bodily injury, death or damage to their property or person as a result of you business activities.
The public liability policy is designed to cover the legal cost to defend an allegation against your business and should you then be found neglectful, any damages awarded up to the level of indemnity you purchase.
Public liability insurance policies will, in most cases, also include products liability insurance which is designed to cover the products either sold or manufactured by a company. Any product sold or even given away must be fit for purpose and you will be legally responsible for any damages or injury that a product you supply, if it goes wrong.
More information about public liability insurance can be found on our dedicated public liability website: www.publicandemployersliabilityinsurance.co.uk