While public liability insurance is not a legal requirement like employer’s liability insurance, you should consider investing in it – especially if your business interacts with the public on a daily basis.
You need public liability insurance if:
• You own a business premise which is frequented by customers or members of the public
• Your business arranges off-site events, gatherings or activities that are attended by public
• You run your business from home and people visit you for professional purposes.
Public liability insurance is a special type of business insurance that protects businesses from the cost of legal action and compensation claims filed against them by clients or members of the public for incidents that occur in connection with business activities.
Having a comprehensive public liability insurance package in place means that you have adequate protection against the costs arising from unexpected accidents. Public liability insurance policies cover compensation and legal expense for:
• Personal injury and illness claims
• Damage to/ loss of property claims
• Death claims
Public liability insurance provides all-round cover against claims filed by:
• The people visiting your business
• Your customers and clients
• People taking part in the activities you have organised
• Spectators at the events you have arranged