Why Business Owners Need Public Liability Insurance

Imagine if your customer slipped and fell in your restaurant because the floor was just mopped. Or if you ran a moving company, and your staff accidentally scratched the walls of your client’s home while moving the items. No matter what preventive measures your business has in place, such incidents will always occur. Your client may pursue legal recourse to seek compensation for the damages, hence the cost associated should never be taken lightly.

If you want to protect your company against such risks, then Public Liability Insurance is perfect for you!

What is Public Liability Insurance?

This insurance policy type protects you from legal liability for damages and legal expenses in the event of third party claims for bodily injury and property damage.

What does it cover? 1. Legal Expenses: Pays for lawyer fees to defend against claims of injury or property damage 2. Legal Damages/Settlements: Pays for legal compensation for injuries or property damage

Do I need Public Liability Insurance? It is crucial for you to get it if:

• You have customers regularly entering your business premises

• You perform work in public places

• You are renovating your business premises

• You do not have large amounts of cash to pay lawyers fees and legal damages, which can easily cost several hundred thousand dollars
  

Public Liability Insurance is standard practice in industries like:

• Retail stores

• F&B businesses

• Renovation contractors/Construction businesses

• IT Services and Management Consulting businesses

• Marine Surveyors

• Logistics businesses

Get in touch with us today to start crafting your own policy!