Liability Insurance protects your business in cases of third party claims of accidental injury or damage. There is also optional Employers’ Liability Insurance. It is designed to cover accidents involving employees and is a legal requirement for most businesses that employ staff.
When accidents happen, your business could be responsible for paying compensation under many circumstances. Liability insurance can cover the cost of pay-outs and legal fees if your business is sued by a third party (third parties include members of the public, customers or clients, but not your staff).
Public liability insurance can cover an accident in your work area or relating to your business activities. This includes incidents on your premises as well as those that occur while doing business offsite.
You may need liability insurance if your business has direct contact with customers or the public. Although public liability insurance is not a legal requirement for all professions, many clients will insist that you’re covered for public liability before allowing you to begin work.
Employers’ liability insurance can cover the cost of pay-outs if your business is sued by an employee for injury or illness caused by employers’ negligence. These typically include damage pay-outs, medical costs and loss of income. In case of death, policies cover claims made by the family of the deceased.
Employers’ liability insurance also covers the cost of legal representation to defend allegations made against your business.
Employers’ liability insurance is a legal requirement for almost every business that employs staff, including contractors, casual workers and volunteers. The legal minimum for cover is £5m.
Arthur J. Gallagher will search a panel of insurance providers for quotes tailored to your business’ insurance needs.
A few quick details are needed through our online quote or over the phone to find policies suitable for you. Once policies are selected, you’ll get the policy details to review. You won’t have to make any decisions about whether to proceed until after you see the policy detail.
If you’re not sure what you need, call to speak to experienced public liability advisers.
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