Public Liability Insurance
What is Public Liability
Insurance?
Public Liability insurance protects businesses if a member of the public (a third party) sues them, claiming that their premises or business activities caused them bodily injury, death, or property damage.
The most common accident resulting in claims is ‘slips and falls’. The insurance helps manage the costs associated with the lawsuit.
It allows the business to run smoothly and avoid major public liability problems, protecting the business financially and the brand.
What Does Public Liability Insurance Cover?
Public liability insurance covers the following:
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Bodily Injury: Protection against claims arising from injuries sustained by third parties on your premises or as a result of your business operations.
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Property Damage: Coverage for accidental damage caused to third-party property during the course of your business activities.
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Legal Costs: Covers legal expenses incurred in defending claims made against you, as well as any compensation awarded to the third party.
Public Liability Insurance Tips
The insurance will not cover any bodily injury or property damage caused by products. The business will need product liability insurance to cover product risks.