Stephen
| My current job relates to insurance, I fully understand the importance of insurance for public liability, afterall why leave your main source of income unprotected should the unexpected occur? Public liability insurance can cover you against third party injury or property damage that you are held liable for, for example if you were a builder and left your hammer on the floor and someone tripped over it they could injure themselves and hold you liable for costs and compensation. There are two main types of public liability insurance available, public and employers. Public liability provides cover for the insured for the perils outlined above, at this moment in time it is not a legal requirement in the UK to have this type of insurance in place. Employers liability, if you have even one employee is legally compulsory of a minimum indemnity level of £5,000,000 although in reality few insurers will provide less than £10,000,000 level of indemnity. When arranging your insurance you should ensure you make use of a broker or insurer which is authorised and regulated by the financial services authority(FSA), this will provide you with a source to turn to should you feel you have been treated unfairly with regards to your public liability insurance. |  |