Public Liability
Insurance
Public Liability Insurance protects businesses from financial losses arising from third-party claims for bodily injury or property damage.
It provides coverage for legal defence costs, settlements, judgments, and other expenses associated with liability claims made by members of the public.
Do you need Public Liability Insurance Insurance?
Public Liability Insurance is essential for businesses of all sizes and industries, as it helps protect against the financial risks associated with liability claims from third parties. By providing financial protection and legal defense coverage, Public Liability Insurance enables businesses to operate with confidence, knowing that they are protected against potential liabilities arising from accidents, injuries, or property damage involving members of the public.
The key components of Public Liability Insurance
Coverage
Public Liability Insurance covers liabilities arising from:
- Bodily injury: Claims for physical harm or injury sustained by third parties, such as customers, clients, visitors, or members of the public, while on the insured premises or as a result of the insured’s business activities.
- Property damage: Claims for damage to third-party property caused by the insured’s business operations, products, or services.
- Personal injury: Claims for non-physical harm or injury, such as defamation, libel, slander, false arrest, wrongful eviction, or invasion of privacy, resulting from the insured’s actions or negligence.
Business Operations Covered
Public Liability Insurance provides coverage for liability risks associated with various business activities, including:
- Retail operations: Stores, shops, restaurants, and other businesses that interact with customers or clients on their premises.
- Service-based businesses: Professionals, contractors, consultants, and other service providers who visit clients’ homes or workplaces to perform services.
- Events and gatherings: Public events, festivals, concerts, conferences, exhibitions, and other gatherings where the public is invited.
- Construction and trades: Contractors, builders, tradespeople, and construction firms working on-site or at client locations.
Types of Claims Covered
Public Liability Insurance covers a wide range of claims, including:
- Slip and fall accidents: Injuries resulting from slips, trips, falls, or other accidents on the insured premises.
- Accidental property damage: Damage to third-party property caused by the insured’s operations, products, or services.
- Product liability: Claims arising from injuries or damages caused by defective products manufactured, distributed, or sold by the insured.
- Personal injury: Claims for non-physical harm or injury resulting from the insured’s actions or negligence.
Coverage Limits and Deductibles
Public Liability Insurance policies have coverage limits, which represent the maximum amount the insurer will pay for covered claims, and deductibles, which are the amounts the insured must pay out of pocket before insurance coverage kicks in.
Legal Defence Costs
Public Liability Insurance covers legal defence costs, including legal fees, court costs, expert witness fees, and other expenses incurred in defending against liability claims or lawsuits.
Customisable Coverage
Public Liability Insurance policies can be tailored to meet the specific needs of different businesses and industries. Coverage options, limits, deductibles, and policy terms can be adjusted based on the nature of the business activities and the risk profile of the insured.
How much Public Liability Insurance cover do you need?
Determining the appropriate amount of Public Liability Insurance you need involves evaluating the specific risks associated with your business activities, the likelihood of liability claims, and the potential financial impact of such claims. By carefully assessing your business risks, evaluating potential liabilities, and working with an insurance professional, you can determine the right amount of Public Liability Insurance coverage to adequately protect your business against third-party claims and minimise financial risks associated with liability exposures. And that’s where we come in.
Step 1
Your business
We meet with you to understand your unique business and the risks it faces.
Step 2
The market
We will take the information and research the market to find the most suitable policy.
Step 3
Your cover
Once you have agreed, we put your policy in place and you are covered.
If you have an insurance need then please get in touch
At Minories Partnership we work with our clients to construct the most appropriate insurance programme for their specific needs. And we’d be delighted to do the same for you. Get in touch and we can talk to you about your needs with no obligation.
