Liability Insurence

Damage to property owned by you such as damage to your car business premises you own or your tools and equipment.

Liability insurence. It is one of the most important covers you can get that s why liability cover comes as standard with all our business insurance packages. The following are some of the exclusions that apply to public and products liability insurance. Businesses typically choose general liability insurance rather than public liability insurance since it s more comprehensive. Fulfill the legal liabilities of your business.

Public liability insurance. Public liability insurance is your protection if you are found to be legally responsible for personal injury to a third party or damage to their property. Public liability insurance covers the cost of claims made by the public that happen in connection with your business. Protect your business legal liability against third party.

Public liability insurance is not compulsory except in certain cases such as if you own a riding stables. Business or general liability insurance helps protect businesses from claims that happen as a result of normal business operations. Liability insurance also called third party insurance is a part of the general insurance system of risk financing to protect the purchaser the insured from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy. Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice injury or negligence.

Aside from public liability insurance you can also find other types of cover for your business. Liability insurance also covers the cost of a company s legal defense while paying for any settlement offerings or awards a company is mandated to pay as per legal judgments leveled against them. General liability gl insurance typically provides insurance coverage to small businesses for among other things third party bodily injuries medical payments and advertising injuries. Businesses that interact with the public such as restaurants consultants shop owners gardeners and beauticians are urged to take out public liability insurance in case a claim for compensation or damages is made against them.

Public liability insurance only covers claims made against you by third parties. It s legally required if your business employs others.