Public Liability Insurance defined is a protection against claims made by clients or members of the public following a financial loss or injury caused by your business. It can cover the compensation payment plus any legal expenses.
This makes Public Liability Insurance a very important cover for a lot of businesses protecting a business against a claim made by the clients or the public.
Accidents do happen, even for the most careful and attentive business owners things can go wrong. However with Public Liability Insurance businesses are able to operate knowing that if an incident occurs, customers property could be repaired, their possessions replaced and their medical costs paid for, giving the business owner peace of mind.
Public Liability Insurance can usually tailor your policy and protection to your business needs. As a guide, the insurance covers your legal liability to pay compensation to the members of the public for death and injury or damage to their property or possessions, resulting from activities of your business.
Clients or customers can check if your business has this cover in place, as any business that has visitors to its premises or carries out work on client sites should consider Public Liability Insurance. Customers might ask to see your insurance schedule and documentation before having your business carry out work for them.
Therefore this type of insurance cover is essential for all businesses.
For further information, please contact your local Caleb Roberts branch and one of our representatives would be more than happy to discuss this in further detail.