Public liability insurance
This type of insurance covers you for the cost of a claim made by a client or a member of the public that has suffered injury or property damage as a result of your business or a product it has supplied. It protects you against the cost of compensation to be paid out, as well as the legal expenses incurred by the claims process.
Public liability insurance can cover you in many cases, from a client or member of the public slipping on a wet floor on your business premises, to them tripping over your work equipment. It also covers you for damage to property. For example, if a member of the public were to claim that you’d broken their laptop whilst visiting them on business, you’d be covered for the cost of compensation owed to them, up to the limit of your policy.
In addition to protecting your business from past mistakes, public liability also has potential to benefit the future of your business, opening it up to new opportunities where an organisation or trading authority may require a certain level of public insurance in place.
For a quote on public liability insurance, contact our business insurance brokers today on 01202 874 989.