Employers have to have employers liability insurance for their staff, but this will not include customers or members of the public. This is where you are advised to look at taking out public liability insurance.
If you are an events organiser, you should make sure that your events insurance includes public liability cover. You will probably know that organising an event means juggling many things at the same time and there are many things that may scupper your plans. Public liability will cover you against a range of scenarios including cancellation, bad weather, equipment failure, travel and technical problems.
There is also a significant amount of risk involved for tradesmen. Not only do they carry a great deal of dangerous tools and equipment along with them, they are very often in a different home or workplace every day.
If an accident occurs whilst on the job, a claim against them can be considerable, whether it is a home or office that is damaged, or someone is injured. If you operate a business which involves undertaking work like building, plumbing, roofing, electrics or plastering, itís essential to have public liability cover.
Not only does it protect you against claims, it will also help boost business. Many potential customers will expect to see proof of insurance before giving you the job. As long as they see that you have public liability insurance, thereís a greater chance of landing the contract.
How much will public business liability cover cost you?
The kind of work your business does as well as the risks involved will control how much you pay for insurance. Before selling you a policy, an insurer will assess your limit of indemnity. This is the amount of cover you may require in the event of a claim being taken out against you.
It is just like your car insurance, public liability comes with no claims discounts. If the business has carefully handled risk and complied with health and safety guidelines, you will be less likely to have made a claim and insurance companies will recognise this.
What does the Insurance Cover?
It can protect equipment, whether it is bought or rented out. You will also be covered for damages to goods that are being transported to or from your place of business. Of course it covers against injuries and damages which may occur at your business premises or a customerís work place.
The amount of cover depends on you limits of indemnity, these will be worked out by your insurer. The cover can be up to £1million or maybe £5million. Employers liability is a legal requirement and can cover staff up to £10million.
Getting the best deal:
It is easy to speak to a local insurance broker about your requirements or you can go directly to an insurance company, either by phone or online. Make sure you check wheteher or not they are a member of the Association of British Insurers and itís also advisable to go with someone who has a specialist business insurance division.
At BusinessInsurance we are committed to getting you the best deal on public liability insurance at the right price. Log on and compare quotes or talk to our friendly UK-based team.
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If you are working for a company or you own a company, insurance is important. Public Liability Insurance are a couple of the main types available. You never know when you may need to make a claim for an injury at work.
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