Self Employed Public Liability Insurance

By: Rick Skew


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

Whilst having good business sense and being able to predict market trends can see you obtain 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 anybody.

Thatís why it is a good idea to take out public liability insurance. This will guard you against those unexpected incidents which affect your customers or members of the public while they are on your premises. It might also safeguard you, or people who work for you whilst they are in another personís place of business.

While it is not a legal requirement, public liability insurance is an excellent way to protect you against the unexpected. It will help you from a financial perspective, it can also safeguard the reputation of the business.

At Business Insured, we will not only help you compare public liability quotes, we will also give you some practical information and ideas 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 hospitable place. Whether it is a shop or an office, itís good to have people coming through the door. You might 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 your customers or members of the public are injured in any way, or have their property damaged whilst doing businesswith you, you could possibly be facing a heavy claim against you.

Public liability cover will safeguard you against any such costly actions. It does not matter how big or small your company is or what your company is, public liability is available to all and guarantees great peace of mind, particularly if something does go wrong.

Your premises along with any building or office in which your organization operates needs to be insured. If you are self-employed and working from home, then your home becomes your Ďpremisesí and you might need to consider taking out public liability insurance. But itís not just in your own office or shop that public liability is useful. If you travel to a different personís workplace for business purposes and cause an accident which results in an 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?
It all is dependent upon what kind of business you are operating and your own specific situation.

Most businesses arenít obliged by law to have 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 will probably have to bear the cost of any claim against you or your business yourself.

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

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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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