What Does a Pubic Liability Insurance Policy Cover?
Public Liability Insurance covers you for claims made against you by members of the public. It is designed to meet your legal liability to pay damages for death, injury or damage to property – as well as the subsequent legal costs if the business is found to be at fault.
So, for example, if you run a retail shop and a point of sale display falls over and injures a customer, a Public Liability Insurance policy would protect you against the resultant claim.
What is the Cost of Public Liability Cover?
Public Liability Insurance cover can cost as little as £70 a year. But it really depends on a number of factors; the type of work you do, the number of staff you have, your sales turnover and whether you have a significant prior claims history – and of course what level of cover is deemed to be necessary.
If you are a sole trader painter and decorator, for example, you could choose to set the level at £1m, £2m or £5m which are all pretty standard. However, if you are a contractor to a large corporate business or the government, they may stipulate that you must provide £10m in cover
Why Use Buckingham Insurance for Business Insurance?
Buckingham Insurance has been providing businesses across Derbyshire and South Yorkshire with invaluable, trusted advice and service for almost 40 years. With a heavy investment in staff training and leading technology, together with good old fashioned close relationships with both our Insurer partners and clients, we pride ourselves on competitively priced, quality cover backed up by first rate service.
If you have a specific business insurance enquiry and want efficient, friendly advice and quotations, simply call us on 01246 575 625 or use our enquiry form here.