Safeguard your business in an increasingly litigious world. As personal injury claims become more commonplace, it’s more important than ever that your business is covered.
Public Liability Insurance
If public, customer or client interaction is part of your business, legal claims for slips, accidents and injuries are a real possibility. Public liability insurance protects your business against the cost of legal proceedings and any compensation deemed payable afterwards. Public liability insurance also protects your business against claims for damage caused to third-party property.
These claims can come out of the blue. Unlike other types of insurance, public liability insurance isn’t required by law, but the legal costs and compensation associated with liability can be financially crippling to companies that don’t have the right insurance.
What Does Public Liability Insurance Cover?
We’ve all seen personal injury lawyers advertised on TV that seek compensation for injuries sustained while on business premises. If a member of the public, a client or a customer is injured at your place of business, you could be liable. Any claim brought against your business will incur a cost, even if no liability is found. Public liability insurance covers the legal and compensation costs associated with claims made against you. It also covers you for damage caused to property – for example, if a part of your property falls and damages the property of a third party, or for accidental damaged caused by you or an employee.
Product Liability Insurance
Businesses that manufacture, sell or supply products can also be liable if their products cause personal injury or property damage. As is the case with public liability insurance, product liability insurance is not a legal requirement and the costs associated with settlement and legal compliance can be extremely high.
What Does Product Liability Insurance Cover?
Product liability insurance covers the legal and compensation costs of personal injury caused by a product manufactured, sold or given away by your business. It also covers the legal costs and financial losses arising from damage caused by a product to third-party property.
To discuss your needs further and to obtain a public and product liability insurance quote, click on contact us now or call our award-winning team on 0345 862 2727.