Public liability insurance

It can be extremely annoying when the phone rings so you get up to answer it and then another member of staff answers it, why do they wait until you get up... its nearly as annoying as not having public liability insurance but then we cant have everything can we!

When in the UK there is no legal requirement to insure your let property however it is highly advised to do so to cover the buildings and contents since if the worst was to happen you could be left in a very bad financial position.

The idea of public liability insurance is to protect your business against liability claims for property damage or injury caused during the course of your occupation. For example if you were a bricklayer operating with liability insurance in the UK and left tools laying around which a member of the public tripped over and injured themselves then you would want insurance in place to provide cover against them holding you liable for their injury. If you were a roofer operating in the UK with public liability insurance and accidently dropped a tool which caused damage to the clients porch then this is another example of what you would want to protect against.

I spent today searching for cheap insurance for public liability, there are many insurers and brokers operating online which offer a quote but it can be confusing understanding the full terms and endorsements which relate to each different policy. The general idea of this insurance policy is to provide cover for injury or property damage caused to third party(member of the public) during the course of the occupation. A simple example would be if you were a roofer and dropped your tools off the roof which landed and hit someone injuring them or if they were to land on someones porch and obviously cause damage to their property.

Although it is not a legal requirements in the UK for someone to have public liability insurance it makes sense since the premium is so low and should the worst happen the costs could be extremely high, with indemnity levels starting from £1,000,000 upwards you should consider this insurance as part of your continued business plan since if the worst was to happen then a liability claim whilst uninsured could literally bankrupt your business.