Public Liability insurance protects business owners if a claim is made by a member of the public or a client due to an injury or property damage directly caused by your business activities. Businesses of all sizes across a variety of industries can take out these policies. It covers both the business owner and their employees. If a claim is made by your employee, you require Employer’s Liability Insurance instead.
If a claim does become a legal matter, a Public Liability policy will cover the cost of these expenses, including compensation and the repairment or replacement of damaged property. Claims can arise because of Health and Safety negligence, for instance a member of the public trips and falls due to an uneven surface. Some trading authorities and organisations require businesses to have a certain level of cover as a contractual obligation, so it can also help secure new business opportunities.
You should consider getting Public Liability insurance if members of the public, customers, or clients visit your premises, you or your employees visit or work on other premises, or you undertake activities in public places. If you make, sell, or supply products you should also consider Product Liability, which protects against claims that arise due to a fault in your product or damage caused by it. Product Liability can be included as part of your Public Liability policy.
Due to the diverse nature of industries and their respective businesses, the cost of Public Liability insurance depends on a number of factors including:
How much cover you take out is up to you. If done incorrectly, however, it could lead to your business taking a catastrophic financial loss due to a claim.
Our Brokers have years of experience dealing with a wide variety of businesses and their unique Liability needs. Our access to a multitude of markets and products means that we can tailor policies for each individual business, regardless of size or sector.
We will protect your business, properly.
Looking to cover your business but not finding the industry you’re looking for?
Take a look at all the industry sectors we serve below.