Public liability insurance is designed to protect your business should any member of the public either a) suffer an injury, or b) if their property is damaged as a result of any action carried out by your business. It will cover the legal costs and any compensation claim should your business ultimately be found at fault.
Unlike employer’s liability insurance, public liability insurance is not actually a legal requirement. That said, you will find it an important consideration for business owners, and public alike, and you will find it almost impossible to successfully trade without it.
For example, clients may stipulate that you must have a minimum level of public liability insurance in place before you can work for them. If you wish to undertake public sector contract work, you will definitely need public liability cover.
In some cases where there was an injury to a member of the public, businesses have been pursued by the NHS to cover the cost of medical treatment. All in all, you could face a bill for many thousands of pounds – potentially enough to put your firm out of business.
For injuries to, or damage to the property of, a third party either on your business premises, a customer’s premises, or elsewhere.
Cover will be provided to help cover the cost of any legal proceedings against you.
Cost of repairs
The cost of repairing any damage caused by you or your business (for example, say you are a plumber and do something in the course of your work which causes a flood).
The cost, should the NHS choose to claim against you for medical treatment (including calling out an ambulance).
Public liability insurance is usually the first level of cover taken out when a sole trader starts trading. Then later, when the workload expands and employees are added, they add employer’s liability insurance. This is commonly referred to as combined liability insurance because that’s exactly what it is – several liability insurances combined in one policy. Tradesure also offer combined liability insurance with additional cover for:
If you don’t insure with Tradesure now, check out how competitive we are against your current insurer. We may be able to help reduce your costs, we might not. What we WILL do however is check and make sure your business has the right level of cover.
Protect your business against the unexpected. Call Tradesure today on 0121 248 9300 to get free advice and a quote.