Public liability insurance is a great way to stay protected by avoiding any unnecessary costs.
What is public liability insurance?
This insurance protects your business against compensation claims and legal costs if you cause injury or death to a third party or damage to their property.
Public liability insurance covers you on your work premises and if you’re working off-site.
Do I need public liability insurance?
Unlike employer’s liability insurance, public liability insurance is not a legal requirement. However, it is often seen an essential in business and essential to employees, particularly if you visit other premises.
What does public liability cover?
- Compensation claims
- Legal Expenses
- Cost of repairs
- Medical Fees
What doesn’t it cover?
- Accidents that happen to you.
- Damage to your own property or accidents that affect your employees or their possessions.
- Incidents like these should be covered under your general business insurance policy and / or your employers’ liability insurance policy, which is a legal requirement.
How much public liability insurance do I need?
The cost of a public liability policy depends on the size and type of your business, and how risky the work is, and how much risk you pose to the general public make a difference. You’ll usually pay more if you have a manual-labor business, rather than a clerical one, or if you’ve made any previous claims.
It’s a good idea to check your policy when you take on each new job or contract. For example, companies working on government contracts are usually required cover for a minimum of £5 million or even £10 million in public liability insurance.
What’s the difference between public liability and general liability insurance?
Public liability insurance is a UK cover, which protects against claims from members of the public who get injured or suffer a loss and blame your business.
Add trades to your policy
If you offer a range of trade skills, you can add your multiple business activities or services to a single policy. If your different trades are under the same business name, you can tailor your policy to cover you for any work you do for your customers.