Public Liability Insurances – A Vital Investment for All Businesses

3rd June 2010

Public Liability Insurances are obtained if

members of the public or customers call over to your business premises or you

go to them, even if your business is run in your own home.


this policy covers

This policy covers claims made by a member

of public or a customer because of an injury or damage to their property which

was caused by you or an employee of your business. It also covers all legal

fees, if any, as well as costs of hospital treatment.

The insurer will calculate the premiums

based on the type of business you conduct and the extent of covers you require.

This figure will also be based on the turnover of your company, including a

number of other factors. For example, if the business is a hotel, the number of

beds is taken into the calculation to project the number of guests that visit

the hotel.


terms with an agent

Much thought has to be given before

investing on Public Liability Insurances. These policies are now available

either offline or online. Whether you choose an offline or online agent, it is

best that you have an in-depth discussion with the agent before buying a

policy. It is important that you check out your premiums; whether all your

business areas are covered etc.

Online insurance websites too offer an

effective and efficient personalised service. You are free to discuss terms and

talk to an online professional, to help you understand your insurance policy



benefits of getting insurance

There are many reasons why you should have this

type of insurance for you and your company. It is very clear that the prime

feature of Public Liability Insurances is to offer protection for your business

from indemnity claims which otherwise would have to be paid by you, which can

even lead your company to bankruptcy. Investing on this type of insurance will protect

you from using your profits, assets and investments to pay up claims from your

clients. With this insurance policy, you are not obliged to use your business

capital as payment for damages and injuries.

This insurance policy will also help you to

cover other expenses such as legal fees and medical bills. Certain policies

also allow you to insure other areas of your business such as parking lots and



different types of Public Liability Insurances

You can choose from a number of options in

this type of insurance. For example, if you run a real estate business you may

invest on a landlord insurance policy. If a tenant suffers from any type of injury

due to negligence in the construction etc. you can use your insurance for all

legal claims and medical expenses.

If you are offering professional

consultations based on your capabilities, you may obtain professional indemnity

insurance. It will protect you from lawsuits such as slander, plagiarism,

breach of contract or professional neglect.

The best way to find the most suitable and

ideal insurance policy is by calling for a number of quotes. This can be done

very conveniently online. These quotes will give you a good idea on the value

of your policy and amounts or premiums that you would be required to pay.