Public Liability Insurance Online Quotes
Active Insurance
53 Epsom Road
Morden
Surrey
SM4 5PR
Tel: 0844 477 9805
What is public liability insurance? Liability insurance is something that is purchased when insurance is needed in case someone gets hurt in your place of business. Individuals and companies such as tradesmen and contractors should ideally have public liability insurance cover in place. Also places such as shop, night clubs, and offices need this type of insurance to protect themselves.
Public liability insurance is an insurance policy designed to protect you in the event a customer suffers an injury at your place of business. Public liability insurance also covers you if a patron’s property is damaged on your premises. Most liability policies will not only cover damages incurred to your customer, but it will also pay any legal fees resulting from a law suit.
It is vitally important for all persons running a business where customers visit the commercial property to carry the proper insurance coverage. It is your legal obligation to carry public liability insurance in the event you need to compensate a customer for an injury, loss, or damage of their property caused by your company or on your business property.
There are numerous events that may occur on your business property that would require public liability insurance to pay out a claim. Perhaps a customer hires you to cut down a large tree in their front yard. The tree is very close to the home. While you are cutting down the tree, you lose control of it, and it crashes through the roof. Because you are responsible for any damage to a client's property that occurs while you are providing a service, you will be required to repair or replace the roof. Another example is that you own a large warehouse that holds construction material. You are giving your client a tour through your property, and a pile of heavy pipes dislodges and rolls onto the foot of your potential client, causing a severe injury. Once again, it is your responsibility to pay all medical costs, and possible pain and suffering damages.
As you can see, carrying a public liability insurance policy is extremely important to you as a business owner. The potential for accidents is quite high, and the outcome of such damages could become very costly to you and your business. Public liability insurance guarantees that should something unforeseen occur, you will have the means to meet all of your liability responsibilities and avoid potential financial ruin to your business.