If you employ more than one person, it’s a legal requirement for you to have employer’s liability insurance. Public liability cover isn’t a legal requirement, but it’s sensible to protect your business against potential claims from members of the public. It can easily be provided alongside employer’s liability insurance in a combined policy.

Public liability insurance covers your business for the cost of compensation claims, repairs, medical fees and legal expenses in the event that a member of the public is injured or suffers a loss as a result of your business activities. It can cover incidents on your own business premises, at customer’s premises, as well as other sites.

The law says that as a minimum, your employer’s liability insurance should provide cover for £5 million. Tradesure employer’s liability insurance provides cover for £10 million as standard, with higher rates of cover available.

Employers’ liability insurance protects your business against compensation costs if any of your employees suffers an illness or injury as a direct result of their employment. This is especially important for anyone working in a mechanical, construction or trade environment where there is a high risk of injury.

Most commonly, a business will take out a combined liability policy with both employers and public liability cover. Tradesure offer combined liability insurance with additional cover for:

• Product liability insurance
• Directors’ and Officers’ insurance
• Professional indemnity insurance
• Trustee insurance

Product liability cover insures you for any claims of injury or goods damage caused by products sourced through your business. This means that  if your product is faulty, you’re protected against any legal fees or lawsuit costs. 

Professional indemnity insurance is designed to cover you for any legal expenses or compensation claims in the event your client alleges you provided them with poor services or advice that caused financial losses. 

Many roles require professional indemnity insurance in order to comply with industry regulations. These include consultants, contractors, self-employed and freelancers. Tradesure provides professional indemnity cover as part of our combined liability policy. 

Directors & officers insurance (D&O) is a type of cover that protects company managers and chief executive officers against any claims resulting in losses from their decisions and activities. A great part of any company’s risk management process, D&O insurance includes financial protection if a manager makes a mistake that affects the business.