Public Liability insurance is one of the most common types of commercial insurance and is considered a ‘must have’ form of cover for most small business owners. It protects your business financially if somebody makes a claim against you for personal injury or property damage as a result of your business activities.
In other words, if a third party is injured, whether it be a customer, supplier or member of the public, or their property is damaged whilst you are providing a service, they can commence legal action against you for negligence to recover their losses. If you have Public Liability insurance, your policy pays for your legal defense and court costs, as well as compensation awarded to the claimant, rather than you having to pay from your own pocket.
Most Public Liability policies also extend to Product Liability cover to protect you against liability claims where the products you sell, supply, or deliver cause injury, death or damage.
If you have a premise where people come to see you, go out and about to visit your customers or clients, or you manufacture, distribute or sell any form of products, then Public Liability insurance is a must have.
Even if you work from home it’s still likely that you’ll have the occasional client coming to visit you, and therefore you should consider taking out a Public Liability policy in the event that someone injures themselves whilst on your premises.
Although you never intend to injure someone or damage their property, there’s always the potential for something to go wrong. Even a simple act like a customer falling over and fracturing their wrist can trigger a Public Liability claim that can run into thousands of dirhams.
Claims made against your business for personal injury or property damage, whether rightly or wrongly, are incredibly expensive to defend, and without the right insurance you could find your business on the brink of extinction
Compensation to third parties in the event of physical injury, illness or death as a result of your business activities, whether on your premises or at another location
Loss or damage of other people’s property as a result of your business activities.
Injury or damaged caused by the products you manufacture, distribute or sell.
Loss or damage caused by non-physical “advertising injury”, such as libel, slander, invasion of privacy, copyright infringement, misappropriation of advertising ideas.
Your legal defense and court costs incurred as a result of defending a claim made against your business.
Injury or property damage which occurs outside the period in which you are insured
Injury or death of your employees – you’ll need Worker’s Compensation for this!
negligence in respect to providing a professional service or advice
Costs of rectifying faulty workmanship
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