Compare Public Liability Insurance
Public liability insurance covers costs relating to injury or property damage caused to the public that are deemed to be the responsibility of your business or staff members.
The cost of public liability insurance can vary from business to business. Most will take into account the size of your business, in terms of employees and/or turnover. It’s also common for a company to take into account any previous claims you have made (or incidents where you would have made a claim if covered). In some cases, there will be specific adjustments to the premium based on the safety practices you follow in your business.
You will need to check the terms and conditions of your policy carefully as in most cases acts of negligence on your company’s part may limit or invalidate the protection which insurance gives you.
Is public liability insurance compulsory?
In most cases public liability insurance is a voluntary measure. In practice, though, you will often find that suppliers and customers won’t deal with you unless you have adequate cover.
One example is live events such as entertainment or sport, where most venues will demand you have public liability insurance. This is to make sure that in the event of an audience member being injured, the claim can be dealt with by the company running the event, drastically reducing the chance of action against the venue.
There are certain types of business where public liability insurance is mandatory. Generally these include businesses where the service offered to customers involves inherent dangers such as extreme sports.
Do self-employed people need public liability insurance?
A self-employed person, particularly one who works from home, is less likely to need this cover. The question to consider is where your work-related actions pose a risk of causing injury to others. If clients visit your office or home, you may want to look into cover in case they are injured on your premises.
Compare public liability insurance quotes
Thanks to the internet, it is now possible to compare multiple policies and providers of public liability insurance in much the same a way to car and home insurance.
Although the choice of insurance companies is more limited, online business comparison sites such as CompareCrazy.com allow visitors to compare public liability insurance in minutes.
