The Importance of Public Liability Insurance

Public Liability Insurance is an important insurance cover requirement for businesses across North Wales, so what is it? and Why do you need it?   As a commercial Insurance Broker in North Wales we thought we would share our knowledge with you on the importance of Public Liability Insurance:

 

Public Liability Insurance Explained:

Public Liability Insurance is an important cover requirement for a whole range of businesses, weather you are a shop owner, market trader, roofer, builder, plumber, electrician, motor mechanic, then this type of insurance can protect you from insurance claims made against you by your clients or member of the public.

It is especially important for your clients that they know both you and them are protected by your business insurance policy should the unexpected happen.

 

Public Liability what is it:

Public liability insurance, is there to protect you when a claim is made against you by one of your clients or members of the public, following a financial loss or injury they have suffered as a result of your business actions. Public Liability Insurance will in most circumstances cover you for the compensation payment owed to the third party and any other legal expenses incurred as a result of the claim.

 

Why is Public Liability Insurance good for my customers:

Sometimes things go wrong and accidents happen, even the most careful business owner sometimes have things go unplanned or unexpected. With the right insurance policy for your business, you can operate knowing that if the worst did happen with one of your clients, then their property could be repaired, their possessions replaced and their medical treatment paid for.

 

What does Public Liability cover:

In most cases when speaking with your insurance broker you can tailor a policy to your specific business requirements. As a rule of thumb public liability insurance covers your legal liability if the need ever arises to pay compensation to members of the public for death and personal injury, or damage to their property or general possessions, resulting from the activities your business undertakes.

For example, if your business was a cleaning company and your client slips over and hurts themselves on the floor area you have just finished cleaning a Public Liability Insurance policy could protect you. Public Liability Insurance can also help make sure your business can meet the cost of the claim along with any additional legal expenses claimed.

 

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