2nd March 2010
No one can argue with the fact that single event public liability insurance is important. Insurance in general is important for any circumstance. However, many people really do not understand what exactly this type of insurance is.
Basically this policy is one that will protect you from a claim that is taken out against you by a person for any type of accident. Some of them also protect you against any type of injury by event workers or trespassers who just happen to get hurt. Any accident that could possibly happen will usually be covered under this type of policy. Sometimes a building will have this type of insurance built in. You should check and see if your building does and also, be sure to check and make sure it is enough.
The premiums for single event public liability insurance can vary. However, most of them are extremely reasonably priced. What is important to remember though is that without the policy you may end up paying more in the end for an injury or damages. Without it you could lose everything in order to pay for the damages depending on how bad they are. So to be on the safe side you should get the insurance.
This type of insurance is recommended to everyone; however, there are some people who need it more than others. For example, if you have a high risk business, like providing surf lessons or anything like that, you should definitely seek out this insurance. Someone who has a floral shop probably would not need as much of this insurance if at all, (although I would still recommend it because you never know what can happen). Some potential clients or investors may actually require proof of the insurance before any event or job can happen. For this reason it is strongly recommended that you invest in this insurance.
There are some items you will need before you can invest in single event public liability insurance or even get a quote. First you will need information on the types of occupations you plan to have covered. A list of all your workers and what they do so that you know who is in most need of the insurance, (depending on the risk of their job). You will also need a detailed history of your company’s past business dealings. On top of this you need to know how much experience the people who own and/or are in charge of the business, have. Last, but not least, you will need to know how much coverage you want and/or need.
Insurance is very important to any business and/or event. It can mean the difference between coming out of an accident on top or going bankrupt. Some accidents that happen can turn out very badly and it is important to know that you will be covered no matter what. Single event public liability insurance will give business owners of all kinds the peace of mind they need in order to run their business.