Businesses today must be feeling a bit hard done by: no sooner do they make sure they are covered by the latest type of insurance when another one pops up. The latest is public liability insurance, but what does this relate to and do businesses really need it?
Public liability insurance in its simplest terms covers businesses in case anyone hurts themselves on your premises, be they office based, a building site or even your house if you work from home. At this moment in time those who are self employed are not required by law to take out public liability insurance, but they are strongly advised to consider it. Bigger businesses are required to have it. Larger businesses are also required to be covered by employer’s liability insurance, which covers them should any member of staff suffer injuries in the workplace or as a direct result of work related activities. Public liability insurance takes this one step further and covers the general public in the same circumstances.
While those who are self employed are not required to take out public liability insurance there are certain professions where it is more advisable to have it than others. Tradesmen are highly advised to take out this type of insurance due to the physical nature of their work and the potentially dangerous tools they use, coupled with the high accident rates that go with these types of jobs. It is highly recommended, if you own a business which is involved in work relating to building, electrics, plastering, plumbing or roofing, to take out a public liability policy.
Members of the public are becoming increasingly aware of public liability insurance and as such are looking for businesses which are covered by this. The main areas they expect this level of cover tend to be for children’s party providers, such as indoor play areas, and as such many businesses are taking out this cover to keep their business.
Public liability insurance in its simplest terms covers businesses in case anyone hurts themselves on your premises, be they office based, a building site or even your house if you work from home. At this moment in time those who are self employed are not required by law to take out public liability insurance, but they are strongly advised to consider it. Bigger businesses are required to have it. Larger businesses are also required to be covered by employer’s liability insurance, which covers them should any member of staff suffer injuries in the workplace or as a direct result of work related activities. Public liability insurance takes this one step further and covers the general public in the same circumstances.
While those who are self employed are not required to take out public liability insurance there are certain professions where it is more advisable to have it than others. Tradesmen are highly advised to take out this type of insurance due to the physical nature of their work and the potentially dangerous tools they use, coupled with the high accident rates that go with these types of jobs. It is highly recommended, if you own a business which is involved in work relating to building, electrics, plastering, plumbing or roofing, to take out a public liability policy.
Members of the public are becoming increasingly aware of public liability insurance and as such are looking for businesses which are covered by this. The main areas they expect this level of cover tend to be for children’s party providers, such as indoor play areas, and as such many businesses are taking out this cover to keep their business.
