If an accident or unforeseeable incident causes damage or injury to someone (other than your employees), you may be found legally liable to cover the costs. This insurance can help to protect your business from the financial risk of liability claims, ensuring your ability to trade into the future.

Public liability insurance helps protect your legal liability to third parties against injury or damage to their property caused by your business. It will generally pay the costs of investigating, defending and settling any claims that have been brought against you, as well as paying for any costs and compensation that you have been deemed liable to pay.

Products liability is designed to protect your business if you are sued as a result of a product you have manufactured, sold, assembled or supplied having caused damage or injury to a third party. It can provide cover for the costs of investigating and defending your business against a claim made against you and your product. It can also cover the cost of any damages awarded to a customer if your business is found to be at fault.

While Public & Products Liability isn’t mandatory for most business, it is highly recommended for businesses. The costs of being sued can be extraordinarily high.

If you are leasing premises your landlord is likely to require you hold this cover and provide proof that your business does.