Public Liability insurance (PL) is business insurance that covers compensation you may have to pay and your legal costs if a member of the public makes a successful claim against your business when they have suffered an injury or damage to their property. If your business is found to be liable your PL insurance within limits agreed will indemnify you. There may be an excess for each claim which you will have to contribute.
At Essex & Suffolk Insurance Brokers we know that accidents can happen to anyone, with the associated claim costs running into thousands – and if you are uninsured this can have a significant impact on the financial health of your business. If your business was sued and you didn’t have insurance could you afford to pay out a compensation claim or secure expensive legal advice?
Public liability can cover anything from a cup of tea being spilt over a client’s smartphone by an employee to an accident such as slipping on a wet floor that causes a third party to be in hospital, or to sign-off work/loss of earnings.
Although not compulsory, you should consider public liability insurance as essential if your business has any interaction with members of the public – this could be customers or clients visiting your premises, carrying out work in people’s homes or even a passer-by if you work in the public domain. This includes sole traders that work from home and have clients visiting their premises.
In fact, some clients will expect you to provide proof of insurance, especially if your business undertakes contract work. This is so that the client can be sure you have the appropriate level of cover needed for the type of work you are being asked to do.
So, whether you’re a tradesman, shopkeeper, restaurant owner or have any type of small business you really should give public liability insurance serious consideration.
For advice, please contact Nick Thurston, Essex & Suffolk Insurance Brokers, on 01206 845945 or complete the form below.
If you have an enquiry or would like a quote for any type of insurance please complete our form and we will get back to you soon.
Essex and Suffolk Insurance Brokers
T: 01206 845 895
E: nick@easib.co.uk
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