Whether members of the public, clients or customers visit your business – or if you visit theirs – you should consider taking out public liability insurance. As a central part of any business’ insurance policies, public liability insurance can protect you against any number of unexpected claims.
What is public liability insurance?
Unlike employer’s liability insurance, public liability insurance isn’t obligatory. However, taking out a public liability insurance policy ensures that you’re covered if a customer trips on an uneven floor or if their property is damaged on your premises.
Public liability insurance covers damages awarded to clients, customers or members of the public who have suffered injury or damage to their property because of you and your business. Public liability insurance will pay out compensation to cover loss of earnings, future loss of earnings and any damages awarded to the claimant.
Any legal fees you acquire will also be covered by your public liability insurance policy, as well as the claimant’s legal fees if you’re found to be at fault, and any other costs, fees or medical expenses that they incurred.
Who needs public liability insurance?
Some types of companies – such as horse riding schools – are required by law to have public liability insurance, but even if you work at home, and your customers sometimes visit you there, you should still consider taking out public liability insurance.
As well as protecting you from the cost of compensation claims, public liability insurance can even help you win new clients since many companies and public bodies, such as local authorities, require proof of public liability insurance before they will work with you.
How uSwitch for business can help
uSwitch for business compares business insurance on your behalf to save your business time and money. We’ll work out exactly what you need – and we’ll take care of all the paperwork too.
Call us now on 0800 0515 489 to compare business insurance quotes