Why public liability insurance needs to be high up on your list of priorities
Public liability insurance may not be a legal requirement in the UK, but if your business deals with members of the public, it should be high up on your list of priorities. Whether you’re a self-employed tradesman or a large corporation, members of the public can make a compensation claim against your business for a wide variety of reasons, from damage and injury or even death caused by your negligence.
In today’s litigious society, a lack of public liability insurance can spell disaster for any business. Despite your best intentions and well-laid plans, accidents do happen, and members of the public, customers and even contractors and sub-contractors have never been more willing and able to take action against those they believe are responsible.
If a customer slips on your shop floor, a tradesman working in your warehouse trips on a cable or a passing pedestrian is injured by a falling roof tile, they may seek legal representation. If there is evidence to suggest you were negligent in any way, they can claim that you failed in your duty of care and sue you for compensation.
Public liability insurance can protect your business against claims for damage to property, personal injury or death. It can pay for the legal costs of defending a claim and pay compensation if you inadvertently injure or damage the property of a client, contractor or a member of the public.
As with all types of cover arranged by a broker, your policy will be tailored to meet your individual needs, and cover can be extended to include contract works, tools, stock and mobile phones.
An experienced broker can advise you on some of the steps to take to minimise the likelihood of someone making a claim in the first place. They can also help you assess your risks and arrange the correct level of public liability insurance to protect your business, both now and in the future.
For more information, contact me today:
• Mobile: 07976 851896
• Email: richard:qsinsurance.co.uk