public liability insurance (PLI) refers to business insurance that covers claims by the general public for medical expenses and other costs resulting from injuries, death, and property damage involving your business The general public includes customers, visitors, and delivery personnel.
What do I need public liability for?
Public liability insurance is there to protect you if someone is injured (or their property is damaged) and your business is faced with a compensation claim as a result It can cover you at your business premises and also when you’re working at client sites or in public.
Can an individual get public liability?
Public liability insurance for individuals is not required by law but you can see that this should be a top priority. Public liability cover is optional but Ashburnham recommend that you consider having it. You may also want to look at getting tools cover to protect your vital equipment from being lost or stolen.
What is the difference between personal and public liability insurance?
Personal liability insurance covers injury or damage compensation claims made against you by a third party. Public liability insurance is the commercial version of this insurance – it covers compensation costs if someone makes a claim against your business for injury or damage.
What does public liability insurance cover in Australia?
Public liability insurance covers your legal liability caused directly by your business activities or on your business premises during the course of your work Product liability insurance covers loss or damage caused by products your business sells.
What does public liability cover protect?
Public liability insurance covers the cost of claims made by members of the public for incidents that occur in connection with your business activities Public liability insurance covers the cost of compensation for: personal injuries. loss of or damage to property.
What happens if you don’t have public liability insurance?
This will depend on the terms of the contract. If your contract requires you to have it and you don’t, then you will be in breach of contract This will be the case even if you had cover, but it has expired. A contract will normally specify the level of cover you or your business needs.
Who requires public liability insurance?
You may need Public Liability insurance protection if you come into contact with third parties in one or more of these ways: Customers visit your business premises , for example you have a shop, pub or a restaurant or hairdressing/beauty salon.
Do I need public liability insurance as a sole trader?
Yes. The need for public liability insurance is not determined by your turnover; it depends on whether you come into contact with the public However, many insurance providers will consider your turnover when calculating your insurance premium.
Does public liability insurance cover work done wrong?
Public liability insurance: no cover for defective work of sub-contractor.
How much does public liability cost UK?
The average UK annual public liability insurance premium costs £119.37 , according to AXA. However, some small businesses and sole traders will pay less than that and it can be as little as £40 a year. AXA says 10% of its customers paid £55 for annual public liability insurance between January and March 2017.
Do I need public liability insurance if I work from home?
Working from home as an employee If clients regularly visit your home, you might need cover for injuries or damages they suffer while on your property, so you may need public liability insurance as part of your policy.
What is an example of public liability?
Examples of public liability insurance claims. A plumber fits a new mains shower system in a customer’s home However, due to a faulty fitting, a pipe becomes loose and ends up flooding the bathroom, causing damage to the floor and ceiling below.
Does public liability cover accidental damage?
Public liability insurance covers claims made against your business by clients, contractors, or members of the public for accidental injury or damage to their property This could arise from an incident on your business premises or as a direct result of your operations.
Does public liability insurance cover legal fees?
Does public liability insurance cover legal fees? Your policy will usually cover the cost of legal fees that are associated with defending a claim brought against you.
Does public liability insurance cover loss of earnings?
Does public liability cover loss of income? A good public liability insurance policy should cover loss of income If your business injures someone and they’re laid up for a while, they could lose their ordinary income while they’re recovering.
What’s the difference between public liability and legal liability?
While home insurance covers your property, and contents insurance makes sure your possessions are all taken care of, public liability covers people at your home. Legal liability is designed to cover bodily injuries and deaths that may occur at your home, to people who don’t usually reside there.
Is public liability unlimited?
Personal injury or death, or loss or damage to property of third parties is covered by public liability insurance. Common law claims for personal injury or death, or loss or damage to property can be very significant and are unlimited The cover provided does not limit the contractor’s liability.
Can I trade without insurance?
Trading without valid insurance is a breach of street trading conditions, and could result in your licence being suspended or revoked It is your responsibility to ensure your public liability insurance cover is up to date and the street trading team are given the details of your cover.