In short, Public Liability Insurance covers your UK business against any third-party claim being made against you where you or an employee are deemed to have been negligent, causing either damage to a third party's property or causing someone to suffer illness or injury.
Many UK business owners don't take the time to explore what Public Liability Insurance is and whether they actually need it. However not having this insurance in place could potentially put your business at risk. Should the worst happen, and a claim was made against your business for tens of thousands of pounds, could you settle the claim without a Public Liability Insurance policy to help?
Having an adequate level of Public Liability Insurance cover can provide you with the peace of mind that should a situation arise where a claim is made against your business, it will be taken care of by your insurance company and not potentially ruin your business financially.
There are many common types of claim filed in the UK; slips and trips are amongst the most common accidents reported, which can often result in a claim against your Public Liability Insurance policy. Claims from people who are on a client’s premises are common too, for example someone tripping over IT equipment, slipping on an unmarked spill or stock falling onto someone - the list is endless. A suitable insurance policy with the right level of cover is a must for any conscientious UK business.
Is Public Liability Insurance compulsory in the UK? Whilst this type of insurance isn't a legal requirement for most businesses, you should consider it to be essential if you engage with the public in any way whatsoever, even if you just have customers visiting your work premises. This is also applicable if you work from home and you meet clients there.
Having a suitable Public Liability Insurance policy in place offers you peace of mind and enhances the professionalism of your organisation.
It's always best if we can advise you in this regard by asking you a few simple questions to ascertain which type of policy will be best suited to your business. Our extensive experience in the insurance marketplace means that we can advise you which type of policy is suitable for your industry and make sure you have the policy best suited to your business. Should you carry out any work within the public sector, you will usually be required to take out a minimum sum insured of £5 million.
CHAS Insurance scours the insurance market to identify specialist schemes that offer the right cover to our customers. We can offer you Public Liability Insurance suited to your business type at a price that may surprise you.
With access to both the composite insurance market and Lloyds of London, CHAS Insurance works hard to find you cost-effective, high-quality comprehensive Public Liability Insurance, whatever your trade or industry.
CHAS Insurance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Conduct Authority Register www.fca.org.uk/register under reference 594605. Registered address: 20 Market Hill, Southam, Warwickshire, England, CV47 0HF. Registered in England and Wales 08299252 | CHAS Insurance do occasionally sell products that are not regulated by the FCA.
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