Public Liability Insurance
Public Liability Insurance what does it cover?
Public Liability Insurance Whether you’re a self employed painter and decorator, a website designer or IT consultant working from home, Public Liability Insurance insurers you for any damages that a member of the public may be awarded as a result of injury or damage to them or their property caused by your business. It also covers your legal fees and other expenses in connection with defending any claim against your business.
- Claims against your business from member of the public
- Legal costs of defending any claim against your business
- Damage caused by you to third parties property or persons
How much does public liability insurance cost?
The cost of public liability insurance depends on the nature of your business and the type of cover you require. Today specialist business insurance brokers have websites enabling you to compare and purchase business insurance online saving you both time and money. Compulsory Business Insurance Types of insurance that are mandatory for most businesses
- Professional Indemnity Insurance
- Employee liability Insurance
- Motor Insurance~
Shop around for cheap public liability insurance quotes
Taking time to shop around can save you the most money on your public liability insurance policy. A number of different companies offer a range of premiums depended on your needs and budget.
Tailored cover = cheap public liability insurance
This is easier said than done and you may very well need help with this one. That said, finding cheap public liability insurance is impossible if you don’t know what your public liability insurance needs to covers. For example, do you really need £5 million pound of public liability cover or will £1 million be adequate for your business? Reviewing your current public liability insurance policy could save you £100′s of pounds.
Other Types of Business Insurance
- Buildings and Content Insurance
- Office and Shop Insurance
- Liability Insurance
- Goods in Transit
- Commercial Vehicle Insurance
- Key man Insurance
- Business Interruption Insurance
Consequences of not having public liability insurance
If you decide not to take out insurance and someone claims against your company you may have to pay out extremely high sums of money to settle the claim. If a certain type of insurance cover is compulsory for your business, for example employers’ liability insurance (if you have one or more employees), you could be fined or even be shut down by the Health and Safety Executive.
