About Public Liability Insurance
About Public Liability Insurance
Protecting Yourself and Others Through Public Liability Insurance
Public liability insurance is an insurance policy designed to protect you in the event a customer suffers an injury at your place of business. Public liability insurance also covers you if a patron’s property is damaged on your premises. Most liability policies will not only cover damages incurred to your customer, but it will also pay any legal fees resulting from a law suit.
It is vitally important for all persons running a business where customers visit the commercial property to carry the proper insurance coverage. It is your legal obligation to carry public liability insurance in the event you need to compensate a customer for an injury, loss, or damage of their property caused by your company or on your business property.
There are numerous events that may occur on your business property that would require public liability insurance to pay out a claim. Perhaps a customer hires you to cut down a large tree in their front yard. The tree is very close to the home. While you are cutting down the tree, you lose control of it, and it crashes through the roof. Because you are responsible for any damage to a client’s property that occurs while you are providing a service, you will be required to repair or replace the roof. Another example is that you own a large warehouse that holds construction material. You are giving your client a tour through your property, and a pile of heavy pipes dislodges and rolls onto the foot of your potential client, causing a severe injury. Once again, it is your responsibility to pay all medical costs, and possible pain and suffering damages.
As you can see, carrying a public liability insurance policy is extremely important to you as a business owner. The potential for accidents is quite high, and the outcome of such damages could become very costly to you and your business. Public liability insurance guarantees that should something unforeseen occur, you will have the means to meet all of your liability responsibilities and avoid potential financial ruin to your business.
Public liability claims, boring but what to do ?
Hi Folks,
About a year ago, I was mown over by an errant driver on the path. No serious bodily damage, as I leapt over the bonnet & up the windscreen at the last moment.
Oh, torn jeans etc as I arrived upside-down on the pavement, but today have received a settlement offer of a lousy £300 from the Motor Insurance Beuraux.
Should I just take it and call it a day, as all the wounds have healed, or fiddle on with a higher claim ?
Bob
If this is their first offer I would refuse it, they are obviously accepting liability. £300 sounds very low, think of what you might consider acceptable add 20-30% tell them thats what you would accept, hopefully they should come back with an offer nearer your figure. Don’t be greedy – not that you come over as greedy.
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