What is Public Liability Insurance?
Public Liability Insurance, also known as Public and Products Liability Insurance, protects your business in the event a member of the public is injured or has their property damaged while dealing with your business or products. Public Liability Insurance covers the cost of legal settlements you are liable to pay, in addition to covering your reasonable legal fees incurred to defend a claim against you.
If you interact with the general public as part of running your business there is always a risk that an accident could happen.
If a customer trips on an item at your business premises, or an employee damages customer property, you could be legally liable to cover the costs. This could include the cost of third party compensation or expenses, in addition to the cost of funding your own legal defence.