Public Liability Insurance Legal Issues

Business insurance

Is Public Liability Insurance a Legal Requirement?

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“If Your Lordship pleases”

If you own a business, it is very important that you take out adequate insurance cover.
If your business involves contact with customers, clients or members of the public, you should seriously consider taking out public liability insurance.
Public liability insurance, sometimes known as business liability insurance, protects you and your business against claims made by other people.
If a third party is injured on your property or while you are working at a client’s property, you may be held responsible.
And that’s not all – if you cause any damage to your client’s property while working for them, you may be liable.

Unfortunately, when you are working, accidents and injuries and accidents can and do occur when you least expect them to. Sometimes incidents occur as a direct result of your work, but more often than not, members of the public simply fall victim to the circumstances in which you happen to be working.

PLI Legal Situations

Each of the following situations could result in liability claims being made:

– A member of the public walks into a shop, slips on the newly-cleaned floor and breaks their ankle.
– A carpet fitter carries a carpet into a client’s house and inadvertently knocks a 16th century Ming dynasty vase off its pedestal into three thousand pieces on the floor.
– A child sneaks onto a construction site, decides to scale the scaffolding, falls and breaks their arm.

These scenarios may seem unlikely, but the increase in liability claims since the growth of ‘no win no fee’ legal services means that it’s better to be safe than sorry.

In the UK, employer’s liability insurance is compulsory, whereas public liability insurance is not a legal requirement. However, if you fail to take out adequate business insurance cover, a liability claim against your small business could leave you facing eye-watering costs and even bankruptcy. So, irrespective of the legal ramifications, public liability insurance is something you should strongly bear in mind to protect you and your business.

Unsure what to do next?

Although public liability insurance is not a legal requirement, it is good business practice. It will cover you for injuries sustained by a third party or damage to a third party’s property while you are working. Even the most assiduous of business owners could find themselves facing a claim for negligence if a customer trips over a rogue extension lead, so don’t delay – arrange your public liability insurance cover today.

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