Public Liability Insurance For Small Businesses
There’s no substitute for taking the greatest care of the people and property your business comes into contact with. But if a claim for damages is made against your business by a member of the public, public liability insurance gives you the peace of mind and protection you need.
Why Your Small Business May Need Public Liability Insurance
You have visitors coming into your workplace – whether it’s your home, your office or a site where you are working.
Your business takes you to other people’s property – a public liability claim could be made against any member of your business if they accidentally cause damage to anything which doesn’t belong to your business.
A client insists your business has this insurance before they offer you any work.
Anybody working for your business or the work your business carries out puts any other person at risk of injury.
What Is Public Liability Insurance?
Public liability insurance provides cover against claims made by members of the public who have suffered injury or damage to property in connection with the business. If a member of the public is injured on your property you may be held responsible. For example, a customer might slip on a wet shop floor.
It is designed to pay compensation which can include loss of earnings, future loss of earnings and damages awarded to the claimant in addition to your legal cost in defending the claim and the claimants’ legal costs that you incur if you are found to be at fault.
Public liability claims can be made as a result of an accident at your business premises or outside of this space – perhaps when you are on a sales visit or working on a construction site, for instance. Some customers or clients may also require you to present proof of public liability insurance before they work with you. This is quite common particularly when working with local authorities, so you need to bear this in mind.
What’s In It For You?
No matter what size your business is, public liability claims can run into millions. Public liability insurance protects you up to a stated limit if a third party sues you for personal injury, including death, or damage to property, as a result of an occurrence in connection with your business. Why run the risk? It only takes a few minutes to apply.
Peace of Mind
Public liability insurance policies give you the peace of mind of knowing that you are properly covered so that you can concentrate on running your business!