What Is Public Liability Insurance?

What Is Public Liability Insurance?

Public Liability Insurance

While you do everything you can to make sure your business premises and operations are safe for clients, customers and members of the general public, accidents and mistakes can easily occur. These can lead to costly lawsuits. Public liability insurance is designed to protect your company from third party claims of injury, loss and property damage that occurs on your organization’s property or as a result of the work it carries out.

Who Needs It?

Public liability insurance is essential for businesses that work with members of the public, or who have customers and clients that frequent their premises. This includes companies in the following industries:

  • Retail
  • Hospitality
  • Home repair and construction
  • Healthcare
  • Real estate
  • Nongovernmental organizations

Even businesses that organize off-site events, like conferences and concerts, should consider acquiring this type of plan.

What Does It Cover?

The policy covers all expenses incurred by litigation. This includes legal defense costs and settlements or awards. Plans can also offer coverage for the medical costs associated with any third party injuries.

You and your employees work hard to make your business a success. Expensive lawsuits brought by third parties can put your organization in jeopardy. Public liability insurance will mitigate this risk and ensure that your company can continue to serve the community for years to come.