Public liability insurance covers your business’ potential liabilities to third parties for personal injury or property damage if your business is found to be negligent. Some laws impose a ‘duty of care’ upon certain people, including employers, owners of property and suppliers of goods. If have breached your duty of care, you may be liable for damages.
If your business requires your customers or members of the public to visit your home or business, or if you visit their premises, you should seriously consider taking out public liability insurance for your protection. Business owners and have a responsibility to those visiting or participating in any type of activity on their premises.
Public liability insurance is available to business and individuals alike. It provides legal protection to home-based businesses and larger organisations. For some businesses, public liability insurance is mandatory. Business owners should investigate the specific requirement for their type of business.