2nd June 2010
Employers Public Liability Insurance is a
combination of two essential insurance packages – the public liability
insurance and employers’ liability insurance.
This insurance policy is useful when your
business comes in contact with clients or members of the public. If you ever
injure a client or member of the public or even damage their property, public
liability insurance will cover you in the event a claim is made against you.
This is compulsory by law. If your business
has employees working for you, you are legally obliged to have this insurance.
It provides cover for sums which employers may be liable to pay to any employee
in the event of an accidental death, bodily harm or disease arising when he/she
has been in the course of employment.
Based on the above, an Employers Public
Liability Insurance protects the company and its employers from legal claims.
A business is always open to a certain
amount of risk which can in varied forms. In order to be protected from these
varied situations, the best solution is to obtain an insurance policy which
will adequately cover you. This will always protect the company from possible
It is not compulsory to have an insurance
policy, but if you do there are times when it can be very valuable and helpful.
In the case of an employer’s liability insurance it is compulsory. If your
business has only one employee – whether volunteer or part-time, an insurance
of this type is vital. In case you don’t possess this policy you can be fined.
The Employers Public Liability Insurance is
a perfect solution if your business consists of employees and also if it deals
the clients and/or members of the public. Rather than investing on two
different policies, both these vital requirements have been amalgamated into
one for the convenience of the majority of businesses that are found in the
market of today.
Businesses should not consider investing in
an insurance policy as an unnecessary expense. You will never know when it will
become handy. When you are adequately covered you will not have the fear of
running into bankruptcy by paying out an employee or a member of public/client
who will sue you for some damage or error in employment. These insurances
basically protect the employers from people who are out to do the company harm.
Past records show many business companies who were declared bankrupt because
they were not covered by insurance and thus were financially drained by paying
There are a number of online insurance
websites that sell the Employers Public Liability Insurance policy. These
agents are very flexible and accommodating. You can browse their websites and provide
them with the basic information of your company and request for a quote. After
which you can discuss matters further or even negotiate and select the most
appropriate policy for your company.
Obtaining a quote does not mean that you
are obliged to buy it; take your time and study the proposal very well before
placing your signature.