Public Liability Insurance
If as a result of your business activities a member of the public or client is injured or incurs damage to their property, you are likely to face legal proceedings. Public Liability Insurance can be cover any compensation and legal fees that might ensue.
If you are a builder, plumber, electrician or similar type of tradesman visiting customers premises as a sole trader or your employees you need Public Liability Insurance which can be combined with Employers Liability Insurance if required.
Public Liability Insurance with Professional Indemnity Insurance
Historically professional indemnity insurance has been aimed at the, architects, solicitors, surveyors, accountants and financial advisers sector. However, in recent year’s new professions such as e-commerce, programmers and internet service providers have found that Professional Indemnity Insurance is an essential part any business risk management strategy.
If as part of your business activities you regularly visit clients premises you need Public Liability Insurance but can combine that with Employers Liability Insurance and Professional Indemnity Insurance.
Public Liability Insurance
Some occupations and trades would be regarded as High Hazard and require more understanding to ensure the Public Liability Insurance provides adequate cover. In order to review your requirements we would need to discuss your existing arrangements, historic claims experience and approach to Health & safety and Risk Management
0161 772 3382*
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Public Liability/Commercial Insurance With An Adverse Financial History
Over recent years a combination of Covid and economic crises has resulted in many people seeing either their business enter liquidation or them personally entering into an IVA or bankruptcy. This has a knock on effect of many insurers no longer wanting to offer cover for their new ventures.
Here at Cover4Insurance we have many years’ experience of placing such risks and have a number of insurers we can approach who will treat cases on their individual merits – not with a ‘computer says no’ mentality.
As each case is judged on its own circumstances, please click on the link below to request a call back and one of our brokers will be happy to call when convenient to run through your requirements.
For more information visit our article on this subject click here
Public Liability Insurance
Public Liability Insurance
If as a result of your business activities a member of the public or client is injured or incurs damage to their property, you are likely to face legal proceedings. Public Liability Insurance can be cover any compensation and legal fees that might ensue.
WHAT’S COVERED BY PUBLIC LIABILITY INSURANCE?
Public Liability Insurance covers your legal liability to pay damages to members of the public for death, bodily injury or damage to their property, which occurs as a result of business activities. Public liability insurance cover can also be extended to include claims arising out of defective products or design, often referred to as product liability insurance.
WHO NEEDS PUBLIC LIABILITY INSURANCE?
If you visit clients' sites or have customers/members of the public visit your business premises you will need Public Liability Insurance. While Public Liability Insurance is not a legal requirement it is sound business practice.
The majority of local authorities and businesses will expect your business to be insured up to a minimum of £2m for works to be undertaken at their premises or on their behalf. Without suitable Public Liability Insurance you won’t even be able to compete for the business.
RISKS OF FAILING TO ARRANGE PUBLIC LIABILITY INSURANCE
Public liability insurance claims have become more and more frequent over the last few years. The emergence of “no win, no fee” claims companies, has led to huge increases in litigation's against unsuspecting businesses.
Claims against public liability insurance, can easily mount up to hundreds of thousands of pounds; businesses with no insurance will be liable to pay whatever amount is awarded against them.
If your company has insufficient funds, you could be pursued personally. A court can pursue you for any assets which you have i.e. your home, cars and any other assets which you may own.
Public Liability Insurance gives you the protection you need when the unforeseen occurs, as there are risks attached to running any business, don’t caught out by not having the adequate insurance cover for your business. You could lose everything that you’ve worked so hard for.
PUBLIC LIABILITY INSURANCE CLAIMS EXAMPLES
The following examples highlight the importance of Public Liability Insurance.
CUSTOMER SLIPS ON OIL AND SUES GARAGE
A client enters a garage and slips on some spilt oil, breaking their leg. As the mechanic has not cleaned the oil up or put a sign out warning clients to be cautious, the client pursued the mechanic for compensation and was awarded substantial damages.ELECTRICAL CONTRACTOR SUED BY HOME OWNER
Whilst rewiring a house an electrical contractor failed to ensure that their work was completed properly. Following a subsequent fire, the courts found the electrical contractor liable and awarded damages to the property owner.
Public Liability Insurance F.A.Q's
Answer:
Public liability insurance covers any damages awarded to a member of the public in relation to an injury or damage to their property caused by you or your business.
Cover4insurance can offer expert advice on public liability insurance quotes call 0161 772 3382* or fill in the form below and we will contact you at a time convenient to your needs.
Answer:
If your customers or members of the public visit your premises or you go to theirs, you should consider purchasing public liability insurance.
Cover4insurance can offer expert advice on public liability insurance quotes call 0161 772 3382* or fill in the form below and we will contact you at a time convenient to your needs.
Answer:
The first thing needed to be done is lower the risk-profile your business, before aproaching the insurers.
The safer you make your working environment, inconjunction with a low claims history, the lower your risk will be.
Shopping around for the best Public Liability Insurance Policy for you, can result in an agood deal, but can be very time consuming.
We at cover4insurance will take that stress from you, as we have a panel of insurers we can aproach on your behalf, ensuring the best possible cover for your business.
Cover4insurance can offer expert advice on public liability insurance quotes call 0161 772 3382* or fill in the form below and we will contact you at a time convenient to your needs.
Answer:
Public liability insurance covers damages you are liable to pay to a member of the public in the event of injury to or damage to their property caused by you or your business.
It also covers any related legal fees, costs and expenses, as well as costs of hospital treatment (including ambulance costs) that the NHS may claim from you.
Cover4insurance can offer expert advice on public liability insurance quotes call 0161 772 3382* or fill in the form below and we will contact you at a time convenient to your needs.
Answer:
Whilst employers liability insurance is compulsory, public liability insurance is generally voluntary, however some businesses are legally obliged to have public liability cover, such as horse riding establishments.
Usually customers or potential customers require proof of adequate insurance before work can be started by you.
Cover4insurance can offer expert advice on public liability insurance quotes call 0161 772 3382* or fill in the form below and we will contact you at a time convenient to your needs.
Answer:
You will be liable to pay the full amount of compensation awarded against you in any claim settlement If you do not have public liability insurance.
Public liability claims can amount to signicant sums of money.
In the UK liability claims can run into the billions in any one year.
Every day in 2006, the UK insurance industry paid out £3.3 million in general liability claims, such as for accidents at work, professional indemnity, and injuries to the public on business premises. (Source: ABI)
Cover4insurance can offer expert advice on public liability insurance quotes call 0161 772 3382* or fill in the form below and we will contact you at a time convenient to your needs.