What is the purpose of Public Liability Insurance?

 Is Public Liability Insurance Required?

If your firm interacts with the general public, you'll almost certainly need public liability insurance. It's a type of insurance that's especially popular among businesses, tradespeople, and salons since it can cover the cost of compensation claims filed against you for personal injury or property damage.

If you come into contact with third parties in one or more of the following ways, you may need Public Liability insurance protection:

Customers come to your place of business, such as a shop, tavern, restaurant, or hairdressing/beauty salon.

You work on client sites, such as as a tradesperson doing work in people's homes or gardens.

You labour in a public setting, such as a construction site, and your work could potentially injure or damage someone passing by.

Is Public Liability Insurance required by law?

Although public liability insurance is not required by law, many clients will insist on seeing proof of coverage before allowing you to start working.

Some trade organisations will not let you join unless you have a valid liability insurance policy.

Before they can do business with you, most local government or council contracts will require confirmation of public liability insurance with a certain level of coverage.

What professions require liability insurance?

If members of the public or consumers come into contact with your company. Alternatively, if you have the potential to cause property damage, you may want Public Liability insurance.

Tradesman insurance is frequently purchased by the following types of businesses:

  • Builders
  • Electricians
  • Carpenters
  • Gardeners
  • Decorators and painters
  • Plumbers
  • Writers of signs

Many businesses may require liability insurance, thus this is not an entire list.

What is covered under public liability insurance?

In certain cases, your company could be held liable for paying compensation if an accident occurs. If your company issued by a third party, public liability insurance can cover the costs of pay-outs and legal fees (third parties include members of the public, customers or clients, but not your staff).

An accident in your workplace or connected to your business activities may be covered by public liability insurance. This encompasses both occurrences that occur on your premises and those that occur while you are conducting business offsite.

What kind of claims are covered by Public Liability insurance?

Compensation claims made against you for injury or property damage to third parties, such as customers, suppliers, or any other member of the public who comes into touch with your business, are covered by public liability insurance.

What level of public liability insurance do I require?

Because every business is unique, the quantity of insurance coverage required will vary depending on a variety of factors such as the amount of public contact you have, the types of clients you engage with, and the size of your projects.

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