public liability insurance

WHAT IS PUBLIC LIABILITY INSURANCE ?

 
Public Liability Insurance provides cover against awards to members of the public and customers who suffer injury or damage when visiting your premises. It also covers awards for injury or damage caused by your employees whilst undertaking their employment. Public liability insurance also covers the related legal fees, costs and expenses including any NHS treatment. Typically the minimum limit of indemnity is £1,000,000

The majority of public liability claims are compensation awards for pain or suffering to people or cases that arise through property damage. There is no ‘sum insured’ under a public liability insurance policy as such because the policy is specified as the ‘limit of indemnity’. This means that when you are considering levels of cover, you should think in terms of the limit being the maximum claim that could possibly be made against your business following a single incident.

WHO NEEDS PUBLIC LIABILITY INSURANCE ?

 
Although public liability insurance is not compulsory it is taken out widely by businesses large and small. In law your company must pay for any claims that you are found liable for. Without adequate public liability insurance you risk your business severely suffering or even going bankrupt if a sizable claim is made.

Today’s changing attitudes towards readily taking legal action as well as an increase in personal injury claims makes taking out public liability insurance good business practice. It is not unheard of for public liabilities claims to run into millions of pounds.

Certain businesses will carry more risk than others, especially those who invite customers and members of the public to their sites and premises. In some industries or trades, proof of public liability insurance will be necessary to win contracts or to commence work.

HOW IS PUBLIC LIABILITY INSURANCE WORKED OUT ?

 
Public liability insurance is by no means a simple type of insurance policy to quote on or provide. There are often various exclusions, conditions, and warranties that can be applied, so working through these with an experienced insurance broker is highly advisable
 
Public liability insurance will be assessed by your insurance
broker and quotes will be provided through insurers based upon
the following criteria :
 
  your turnover
 
  the number of employees you have
 
  type of industry / business
 
  how much you work away from your premises
 
  your claims history
 
  your approach to health & safety and risk management

PUBLIC LIABILITY INSURANCE FROM CARVEL

 
Carvel only deals with commercial insurance, here are the business benefits to you :

  Highly competitive quotes
 
  Bespoke cover or policies for 'Standard Occupations'

  Rapid turnarounds on proposals, quotations and paperwork
 
  Options to make further savings by combining all business
  liability cover in one policy
 
  Assistance with risk assessments and risk action plans if
  required
 
  For more detail see 4 reasons Carvel stands out

Public Liability Insurance for Small Business, Limited Companies or Multi-million Pound Turnover.
 
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A single phone call and you can access our entire range of policies to provide instant business insurance.
 
Connect with Carvel, call us now on 08458 733 133