Public Liability Insurance
What Is It?
Public Liability Insurance Cover should be purchased if at any time members of the public, clients or customers visit your premises. This cover is also worth considering if you run a business from home, and customers sometimes visit you there. It is widely consider, that this is a vital protection for you and your business. Public liability insurance provides legal protection, in the form of legal fees and other legal expenses and protects you against any claim that a member of the general public may have against you for injury or loss to them or their property caused by your business.
What does it cover?
Public Liability insurance will cover you if someone is accidentally injured by you or your business operation. It will also cover you if you damage third party property while on business. The cover should include any legal fees and expenses which result from any claim by a third party. This type of insurance will only cover third party claims (i.e. not your own employees - you need Employers Liability Insurance for your own employees). You should always ensure that your insurer knows what type of business you run, and you should always inform them if your circumstances change, as this may affect your policy.
Examples of Public Liability Insurance Claims
1. You run a Sign Making business. A customer comes in to pick up some samples, but trips up on a loose bit of flooring in your offices. Public liability insurance would cover your business if the customer claimed for injuries sustained as a result of the un-maintained floor.
2. You are a self-employed Architect. Whilst at a customer's site, you accidentally knock over a cup of coffee, and the contents pour down the back of a computer, damaging it beyond repair. Public liability insurance would cover any claim from the customer.
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