Public Liability Insurance Cover

Public liability insurance cover is not a legal requirement to operate a business in the UK, but it’s certainly advisable to make sure your business is covered for every eventuality. Sometimes referred to as ‘third party liability cover’, public liability insurance provides protection to you and your business in the event of a compensation claim being brought against your organisation for damage to property or for an injury to a member of the public.

Public liability insurance cover is relatively inexpensive and premiums can start from as little as £40 a year. For such a small amount of expenditure, the cover that public liability insurance gives you and your business could mean the difference between carrying on trading after a claim or going out of business. Life is full of surprises, so you never know if an accident or damage to property is going to happen. In the event that it does, having insurance to cover your costs and any legal expenses is particularly important for small businesses struggling to make ends meet.

Self employed public liability insurance is available for contractors who work alone or sub-contracted to other companies. Contractors are required by their insurers to ensure that all of their sub-contractors have adequate public liability insurance, so ensuring that your insurance is up to date and comprehensive is vital if you wish to sub-contract for a third party. You may be also required to provide proof of your insurance, so it is vital that you have your insurance paperwork before you begin working. ContractorsCompare.com can provide you with instant online documentation.

If you would like to know more about how public liability insurance cover affects you or you would like to compare the best public liability insurance quotes contact us.