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
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.