Public Liability Insurance For Self Employed.

By: Rick Skuw


Keeping a business in great health can be hard work at the greatest of times. In times of recession and uncertain economic outlooks, it pays to be prepared for it.

While possessing good business sense and being able to predict market trends can see you get an edge on the competition, when it comes to what can happen in or outside of your business premises, that's somewhat harder to predict. Nobody knows what is around the corner, and accidents can and often do happen at anytime, to anyone.

Thatís why it is a good idea to take out the public liability insurance. This will guard you against those unforeseen incidents which have an impact your clients or members of the public whilst they are on your premises. It might also safeguard you, or individuals who work for you when they are in another personís place of business.

Whilst it is not a legal requirement, public liability insurance is a great way to guard you against the unexpected. It will make it easier from a financial point of view, it will also safeguard the reputation of your business.

At Business Insured, we will not only help you compare public liability quotes, we will also provide you with some practical information and tips to help you make the perfect choice.

So, what exactly is Public Liability Insurance?
Letís face it, you would like your business to be a friendly place. Whether it is a shop or an office, it is good to have people coming through the door. You may be selling goods or perhaps a service, or even meeting a client with the hope of sealing a very important business contract. If any of these customers or members of the public are hurt in any way, or have their property damaged while doing businesswith you, you could possibly be facing a heavy claim against you.

Public liability cover will guard you against any such expensive proceedings. It doesnít matter how big or small your company is or what your company is, public liability is available to all and gives you great peace of mind, particularly if something does go wrong.

Your premises along with any structure or office where your business operates ought to be insured. If you are self-employed and work from home, then your home becomes your Ďpremisesí and you will need to consider taking out public liability insurance. But itís not just in your own office or shop that public liability is valuable. If you travel to a different personís workplace for business purposes and cause an accident which leads to injury or damage of that personís workers or property, you will also be covered if they bring a claim against you.

Do I Need Public Liability Cover?
Everything depends on what type of business you are operating and your individual specific situation.

Most businesses arenít obliged by law to take public liability insurance. You donít have to take it out if you are self-employed or supplying goods and services to businesses or the public. However, in many case it advisable to have it in place. If you donít have public liability cover, you may have to bear the cost of any claim against you or your business yourself.

If you are self-employed, this means a claim can be brought directly against you and if you are not covered, it could mean the end of the business venture as not only will you suffer great financial loss, but your reputation could take quite a battering too, which could ultimately damage your business a good deal.

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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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