Public & Product Liability Insurance
If you are holding a one-off event, or own a shop, where the general public frequent, then you will need public liability insurance. Public liability insurance has become increasingly popular with an increasing number of liability lawsuits being filed every year. For this reason, public liability insurance has become one of the most important insurance policies a business has.
Types of liability insurance you need to consider
Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or ‘pure economic’ loss resulting from your negligence.
Professional indemnity insurance protects you from legal action taken for losses incurred as a result of your professional advice. It provides indemnity cover if your client suffers a loss – either material, financial or physical – directly attributed to negligent acts.
If you sell, supply or deliver goods, even in the form of repairs or services, you may need cover against claims of goods causing injury, death or damage. Product liability insurance covers you if any of these events happen to another business or person by the failure of your product or the product you are selling.