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Guide to Public Liability Insurance

Your business may need YOUR insurance26th October 2011

If you are in the process of starting your own business there are countless things you will need to consider. One of the most important of which is how to financially safeguard your new business. The simple solution to this is with insurance, but business insurance can seem like a complex matter to those who are new to the industry. Here, we take a look at one component of business insurance: public liability.

What is public liability insurance?

Designed to provide protection in the event of an injury to a member of the public or damage to their property as a result of your work, public liability insurance provides cover for any compensation or legal fees that you may be required to pay, should you be found liable.

Who needs public liability insurance?

Public liability is not a compulsory policy however it is strongly recommended for all businesses that have customers or other members of the public visit them or if you visit their property. Even if you work from home, this insurance is required if you provide services or goods to businesses or the general public. Here at YOUR Insurance we offer this protection to people from a range of professions, including public liability insurance for singers and entertainers.

As a business owner, you have a certain level of responsibility to protect yourself and those around you. However, it can be difficult to predict accidents, such as an audience member tripping on a trailing cable, so it is important to ensure your livelihood is safeguarded against the costly consequences.

What does it cover?

With this policy you could be covered against injury or damage claims made against your business, whether they occurred at your premises, or anywhere else you were carrying out your business. Most policies will cover legal fees or other expenses incurred, as well as hospital treatment you may be found liable for.

How much cover do I need?

The level of cover you require will largely depend on the nature of your business and how much coverage you would like to take out. For more information, request a call back from one of our friendly advisors.