What is public liability insurance?
Public liability insurance is designed to cover your business if a claim is made against your business for injury to people, or damage to third party property.
For example, if you are office based, the cover will protect any visitors to your office. If you are managing a building site, the public liability cover will cover visitors to the site. Are you a plumber, hairdresser, someone who visits their clients or exhibits at events? Then public liability insurance may typically cover you too.
Should someone suffer from an injury while on your business premises or due to your business operations, or have damage caused to their property, they could sue you for compensation.
This is where public liability insurance steps in by covering the costs (up to £10 million) for legal fees and any financial awards made to the claimant.
This means that if the worst was to happen and someone became injured or property was damaged, your public liability insurance could give you the peace of mind knowing that you’re covered against potentially huge bills.