If your business comes into contact with members of the public, it’s likely you’ll decide you need public liability insurance. It’s an insurance that’s particularly popular with shops, tradesmen and salons, because it can cover the cost of compensation claims made against you for injury, or for damage to someone’s property.
You may need Public Liability insurance protection if you come into contact with third parties in one or more of these ways:
Public Liability insurance is not a requirement by law, but many clients will insist that you’re covered for public liability before allowing you to begin work.
Some trade associations will not allow you to register with them unless you have a valid liability policy.
Local government or council contracts will usually ask you to provide proof of public liability insurance with a certain level of cover before they will do business with you.
If your business comes into contact with members of the public or customers. Or if there is potential that your could cause damage to property then you may need Public Liability insurance.
Types of businesses that would typically have tradesman insurance include:
This is not an exhaustive list as many businesses can require liability insurance.
When accidents happen, your business could be responsible for paying compensation under many circumstances. Public 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.
Public Liability insurance can cover compensation claims made against you for injury or property damage to third parties such as your customers, suppliers or any other member of the public who comes into contact with your business.
All businesses are different, so the amount of covered needed will depend on many different factors including the extent of contact you have with the public, the types of clients you work with and the size of your projects.
To summarise, here are some points you should consider when you’re deciding whether your business needs Public Liability insurance:
We know your business is important to you, and keeping it safe and secure will allow you to focus on the important day to day tasks.
To help you do this we have chosen to work with Arthur J. Gallagher Insurance Brokers Limited, one of the UK’s largest insurance brokers.
This service will provide you with access to specialist insurance advisors and a panel of leading insurers which means you can choose from a range of products to get the cover you need at the price you want.