Liability Insurance offers coverage over legal liability to third parties for damage arising as the result of an occurrence in connection with the insured’s business, premises or products against bodily injury or property damage. No matter how big or small your business is, no matter how many staff, whether your rent or own the premises, a legal liability claim can come at a great cost, even if you’re not at fault.
Public Liability Insurance
This type of insurance is essential for anyone running a business and generating revenue. It provides financial protection for you and your business should you be liable for the death or injury, loss or damage of property or financial loss for a third party resulting from your negligence.
Products Liability Insurance
This type of insurance is designed to provide indemnity to you for claims arising in respect of the nature, condition or quality of goods manufactured, sold or supplied by you.
Public/Products Liability Insurance is typically considered a must-have for all sized business owners. If someone decides to sue you for personal injury, death, or damage to their property, it can help can take care of any compensation payouts and legal costs. For example, imagine you own a retail store. During winter, a roof leak caused a small puddle of water on your shop floor. This meant a customer accidentally slipped over on your floor and fractured her wrist. With Public Liability Insurance in place, the compensation payments and costly legal fees which could follow can be taken care of – so you can get on with running a successful business.
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