Whatever your business, whether you are a sole trader, limited company, freelancer, contractor or run a big organisation, it is important that you protect your business and members of the public. Public liability insurance can be crucial to protecting your business and your finances from paying expensive compensation and legal fees as a result of a claim made. If your business injures someone or causes damage to a property, then it is up to you, or your insurance, to pay for the cost of the claim and any related expenses.
For any business, whether you are a builder or party planner, painter and decorator or plumbing and heating engineer, web designer or scaffolder, photographer or tutor. Whether you work from your own premises, in a customer’s home or other premises then public liability is a necessary insurance cover to have to protect your livelihood.
Depending on the size and nature of your business you can change the level of coverage that you require from public liability insurance. Usually, coverage will be between £1 million and £5 million but may be more if your business requires it, for example for high-risk activities. This cover will help to protect your business from events beyond your control as well as if your business is responsible for an accident or damage.