Do I need Liability Insurance?' is a question that goes hand in hand with 'Do I need Business Insurance?'. It is a mandatory requirement for any business and offers invaluable protection.
As a business owner you and your employees will face liability each and every day, there is no telling when accidents will happen and without liability cover you could be faced with a claim that will quite simply bury you!
For example what if you are a tradesman and when working on a client's property and you cause accidental damage to something, this can be as simple as knocking your tool box on a doorframe causing cosmetic damage, to an accident such as a client slipping on the floor in your office and breaking their arm. You as the business owner are liable!
With liability insurance the costs are covered, without it the cost comes out of your own pocket, a new doorframe isn't expensive but a lawsuit is! Paying a small monthly premium over a period of time is surely a more desirable cost to negate the risk than being faced with any huge liability costs at one or more points down the line.
Liability Insurance or as it is also known 'General Liability Insurance' and 'Public Liability Insurance', is in basic terms financial protection against a person or business' legal liability for any harm or damages caused by the person or business or their/it's products and services to consumers and also the general public. These can include:
Basic policies will cover any form of accident that could occur on your premises or the location of clients where by larger policies and package policies can combine general liability insurance and premises insurance.
When you are asking yourself 'Do I need Liability Insurance?' you will find that there are a range of products available. By visiting our TYPES OF INSURANCE POLICY page you can learn more about what exactly is available in today's market.
Please also see 'Do I need Business Insurance?'
There are many liability insurance brokers who can offer further information and obtain your business with a cheap public liability insurance quote, alternatively you can obtain a quote for cheap public liability insurance yourself on-line.