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Public liability insurance
Help protect your business from legal fees and compensation costs if a customer, client or other third party makes a claim against you.
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Public liability insurance can help to save time and stress, whether you’re a tradesperson, shop owner or other self-employed professional. Typical examples where public liability insurance comes in handy if a claim is made against you, include personal injury or property damage.
Why choose Lloyds Bank for your public liability insurance?
What does public liability insurance cover?
Public liability insurance can cover various areas of risk and types of compensation. At Lloyds Bank, we cover both public and employers’ liability insurance, giving you a full range of protection under one policy.
Frequently asked questions
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No. Unlike employers’ liability insurance , public liability insurance is not legally required. However, there may be cases where clients expect you to have public liability cover in order to work with you.
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If someone gets hurt or their property is damaged in connection to your business, the first thing to do is minimise further risk. Then, contact your insurer as soon as you can, even if the third party hasn’t made a claim against you yet. The insurer will consider the case, decide if your insurance can cover it and advise you on the next steps.
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While terms and limits can vary depending on the insurer, public liability insurance can typically only cover third-party claims, such as customers, clients and the general public. With Lloyds, you can arrange employers’ liability and equipment insurance as part of your public liability insurance policy.
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Whether or not you may need public liability insurance can depend on what kind of business you run. If you are self-employed and exposed to the public by providing a product or service, it can be a good idea to have public liability insurance in place to help cover you if something goes wrong.
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What business insurance you may require as a sole trader varies from business to business. However, if you have your own employees, you may be legally required to hold employers’ liability insurance. Other relevant business cover may include professional indemnity insurance and buildings and contents insurance.
Learn more about public liability insurance for sole traders.
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Here are some potential scenarios where someone could make a public liability claim.
- Property damage. If you drill through a pipe and damage the client's property.
- Injuries in your work area. This can be a customer, member of the public, client or contractor. Your employees can be covered under employers’ liability, which you can include in your policy.
- Falling objects. If you drop something while working , injuring a customer or damaging their property.
- Accidents. Such as an employee spilling a drink over a client’s computer.
Important Legal Information
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.