PUBLIC LIABILITY INSURANCE: Why Very Few Businesses Should Be Without It

Public liability insurance is not a legal requirement for most businesses. But few businesses should be without it.

Why? Well, let’s start with these two questions:

Do customers or members of the public ever visit your premises? Do you ever visit someone else’s premises whilst on your company’s business?

If the answer to either of them is ‘yes’ – and, as we hinted, it probably will be - you could be running a serious risk if you don’t have public liability insurance.

In a world in which ‘no win, no fee’ legal services abound, people are becoming ever more ready to sue in the event of an accident. Well, we say ‘accident’ but, in fact, what used to be called an accident isn’t always viewed as such any more. It’s more likely to be treated as an incident; an incident for which someone else should shoulder the blame.

And where there’s blame, all too often comes claim.   

So, for example, if a customer on your property falls over on a slippery floor and suffers an injury, you could be facing a lawsuit. Likewise, if you’re visiting a client or a supplier and, let’s say, you knock over a glass of water and put a computer or some other piece of valuable equipment out of action.

On the heels of the claim will come some very expensive legal fees and, if the case goes against you, what could be a very hefty compensation payment. Could your business withstand that kind of major unbudgeted cost?  

For most businesses, the answer will probably be ‘no’. And that’s why you need public liability insurance.

Obviously some businesses are at greater risk than others and the right policy for one business may be inappropriate for another. Fortunately, to find the public liability insurance policy that is just right for your business, all you have to do is call 0161 833 2100 or email donna@caunceohara.co.uk

Resource:-

http://www.companyinsurance.co.uk/