Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public brings a claim against you due to their being injured or sustaining property damage as a result of your negligent business activities.
It is designed for many types of businesses, big or small, and is an important form of cover if your business deals with third-parties such as clients, suppliers or members of the public.
As a small business owner, we understand that you like to be prepared for the different thing’s life throws at us, but probably never really expect the unexpected to actually happen to you right?
Think again.
Imagine the surprise of hearing a loud shriek outside your home-based office. Concerned, you walk outside to find one of your regular clients has fallen and injured themself. Your client could potentially make a public liability claim against you for their injury, including the associated medical expenses and any loss of earnings.
Bear in mind that Public Liability insurance is designed for many types of businesses, not just those who work in an office or have a fixed business premises.
Picture this: an electrician is repairing a power point in a client’s kitchen, but an accident damages the splashback causing it to crack. But no need to worry! Having Public Liability insurance can have your back by covering repair costs when third-party property has been damaged on the job.
Take the time to consider the overwhelming impact a Public Liability claim could have on your business, not only financially but to your reputation.
The key things Public Liability Insurance is designed to provide cover for include:
- Any award or settlement of compensation to a third party due to them sustaining personal injury or property damage due to your negligent business activities
- Costs awarded to the claimant if they bring a court case against you as a result
- Your defence costs, including legal expenses incurred in assessing or defending a claim?
