Public and Employers Liability Insurance
Public and employers liability insurance is essential cover if your business comes into regular contact with members of the public or clients. If your business operations were to injure a member of the public or damage their property in some way, the correct business liability insurance policy will provide cover should a claim be made against you.
Employers Liability Insurance
You are legally obliged to have employers liability insurance if you have employees working for you. Every business in the UK that employs staff, regardless of size or turnover, is required to have at least £5 million of employers liability insurance cover. Your business could be subjected to massive fines if it is discovered that there are employees working for you without the correct employers liability insurance in place.
Product Liability Insurance
Product Liability Insurance can be easily included with most business liability insurance policies, often at no extra cost. This will protect you against damages awarded as a result of personal injury or damage to property caused by your product. Any business that manufactures or sells products should consider product liability insurance as essential cover. *Please note that product liability insurance cannot be included to policies purchased with Ageas.*
What does a Business Liability Insurance Quote Cover?
Business liability insurance is critical for any business and you would be silly not to have it. Knowing that you are protected from your potential mistakes (and those of your employees) affords you real peace of mind.
This type of business liability insurance policy will indemnify you in the event of a claim against you accidentally causing damage to someone’s property in the course of your work. Business liability insurance will protect you against accidents such as a paint spilling on a carpet or someone tripping over a cable or you causing a water leakage and so on.
If you do not hold a valid business liability insurance policy, the cost of the damage will have to be paid from your pocket. If you’re lucky this will only cost a few hundred pounds but, if you’re unlucky, it could amount to tens or hundreds of thousands of pounds - sadly this happens all too often.
Are Business, Public and Employers Insurance a Legal Requirement?
Business liability insurance is not compulsory but employers liability insurance is a compulsory component to any public liability policy. You need to get an employers liability insurance quote if you employ anyone who resides in the UK or you could face substantial fines.
Business liability insurance might not be a legal obligation like public and employers liability insurance, but it is something you should think very carefully about. Without business liability insurance you place your livelihood at substantial risk. Read our ‘What does a Business Liability Insurance Quote Cover?’ section to find out how the right business liability insurance can protect you and your business.
Who is Public Liability Insurance for?
Most businesses should have public liability insurance and, here at ConstructaQuote, we provide fantastic business, public and employers liability insurance quotes for builders, carpenters and the majority of tradesman, as well as many other small businesses including aerobics instructors and even dog walkers. Public liability insurance is a ‘must have’ for anyone who takes protecting their business interests seriously.
Typical Exclusions from Business and Public Liability Insurance Quotes
If you are looking for a business, public and employers liability insurance quote you may find that some mishaps and occupations are excluded from liability insurance policies. These include:
• Loss or damage to property in your custody or control or to products supplied
• Pollution unless caused by a sudden and identifiable incident
• Territorial Limits exclude USA and Canada unless specifically agreed
• Work in or on or travel to or from any offshore installation
• Cover for any advice formula advice provided by you for a fee or where a fee would normally be charged is excluded
• Fines penalties or punitive damages
• The first part of any claim (your excess normally £100- £500)
• Exposure to, inhalation of, fears of the consequences of exposure to/inhalation of, costs incurred in repairing , removing , replacing , recalling, rectifying, reinstating or managing any property arising out of the presence of Asbestos
• Heat conditions apply (plumbers and roofers are typical of this condition)
• Excavation work in excess of 2 metres (in case you hit major pipes underground)
• Demolition work unless part of a rebuilding contract
• Work involving explosives, pile driving, water diversion or sub aqua work (yikes !!)
• Damage to underground services condition applies
• Work at or on aircraft, airports, railway premises, watercraft, blast furnaces, chimney
shafts, collieries, dams, gas works, mines, power stations, steeples, towers, tunnels, viaducts, quarries, chemical works, oil refineries, fuel depots, bridges, canals, docks, piers or wharves. (obvious reasons here look at the risks associated with it and value of a potential claim)
Business Liability Insurance: Limit of Cover
Public and business liability insurance cover limits range from £1,000,000 to £5,000,000 but can go to pretty much any limit of indemnity. This is the maximum amount your insurance company will pay in the event of any one public liability insurance claim. Most businesses take out a £2,000,000 limit these days and a few require £5,000,000 for government contracts.
How Long does Business, Public and Employers Liability Insurance Last?
It is unusual to find a business insurance liability quote for a term of less than 12 months and, in fact, you would struggle to gain less than that anyway. It is possible to obtain more than 12 months but, again, this is unusual in the world of business liability insurance quotes.
How are Business and Employers Liability Insurance Quotes Calculated?
How are Business and Employers Liability Insurance Quotes Calculated?
1. Based on your turnover and wage bill.
2. Based on how many people you employ manually, we call this per capita rating.
ConstructaQuote calculates your business liability insurance quotes based on the second per capita rating model which makes your insurance very easy to manage.
The Best Companies for Business, Public and Employers Liability Insurance Quotes
Constructaquote.com compares business liability insurance quotes from several key insurers who have been carefully selected by us for their stability and security in the UK insurance market. These insurance companies include:
- Axa Insurance
- Aviva Insurance
- Groupama Insurance
- MMA Insurance
- Arists Insurance
Public and Employers Liability Insurance Examples
1. Business Liability Insurance Claim
You are putting a nail in a wall to hang a picture and hit a pipe causing water leakage and damage to the property of your customer
2. Business Liability Insurance Claim
You are fixing some electrics and blow the house fuses causing multiple damage to electrical appliances
3. Employers Liability Insurance Claim
You drop a tin of paint, it hits your employee’s leg. As a result he/she suffers an injury. Employers liability insurance will cover the cost of compensation if the employee pursued a claim against you.
4. Business Liability Insurance Claim
Your employee drops a tin of paint onto the customers’ carpet. Business liability insurance will cover the cost of replacing the carpet should a claim be made.
Please see our Frequently Asked Questions (FAQs) page for further information about business liability insurance quotes, employers liability insurance quotes and public liability insurance quotes. In fact , if you have any questions at all about public and employers liability insurance, please get in touch with our helpful team today.
*Subject to Terms and Conditions. Ask one of our UK call centre staff for more information if required.