Accidents in public places are very common, and public property owners will almost always have adequate public liability insurance in place to pay damages to claimants like you.
If a member of the public is injured or their property damaged while at your premises or as a result of your business activities, you could be sued for compensation. Public liability insurance protects your business against such claims.
How long does it take to make a public liability claim?
In most cases, you have three years to start your claim. The most common types of public liability compensation claims are slips, trips or falls in public places such as shops, supermarkets, restaurants, bars, parks or uneven pavements. The claim is brought against the person or company responsible for your safety.
Does public liability insurance go up after a claim?
If your business has made previous claims on their public liability insurance, then you may also be deemed higher risk and may therefore be offered more expensive premiums.
Does public liability insurance only cover negligence?
Public liability claims can arise from several circumstances, but negligence is the main trigger. A customer might trip on an uneven surface at your premises or a member of the public could injure themselves on a piece of your equipment. It will also cover claims of property damage.
Public liability insurance covers the cost of claims made by members of the public for incidents that occur in connection with your business activities. Public liability insurance covers the cost of compensation for: personal injuries. loss of or damage to property.
You and your employees will be covered for anything they do, or fail to do, that results in injury or damage to a third party. It will not cover claims made by your employee against you for damage or personal injury.
Public Liability Insurance covers “Any one occurrence” this means it covers claims up to the limit of indemnity of the policy. There is no limit to the number of claims in one insurance year – relatively straightforward.
As with all insurance, the cost of cover depends on the amount of risk that needs to be insured. If your business is high risk, you're more likely to need to claim, which means that the cost of your cover will be higher.
The policy will cover claims from any members of the public, clients or customers ('third parties') suffering from an accident/incident, while on business premises or elsewhere, in the event you or your business is found to be liable.
The average cost for public liability insurance with AXA is £4.94* a month. It's important to note that working out the cost of public liability cover for each policy depends on several factors, such as your occupation, where you're working, how many staff you have and your annual turnover.
What are the limits of public liability insurance?
Public Liability insurance provides cover limits of £1m, £2m or £5million. The cover level is the maximum amount that your insurer will pay out in the event of an insurable claim.
What is a public liability claim? A public liability claim – also defined as a type of personal injury claim - is a process where, if you have had an accident or have suffered a personal injury on public property, you make a claim on the public liability policy of the owner.
Public Liability Insurance protects all types of businesses, including sole traders, partnerships, and limited liability companies, against being sued by a member of the public (including contractors) for personal injury or property damage.
What is the limit of indemnity in public liability?
The Limit of Indemnity (LOI) is the maximum amount the insurer will pay under a policy during the policy period. Legal costs may be included within the Limit of Indemnity or may be covered as an additional amount, depending on the policy purchased.
Examples of public liability claims include: An explosion at a construction site which causes property damage to neighbouring premises. A customer slipping on a wet floor at a business premises. Damaged goods delivered by a business or contractor.
It's not possible to predict precisely how much compensation you will receive for your claim. It's common for people to think certain injuries automatically attract a specific amount, but when you make a claim your personal suffering, pain, recovery time and any financial impact are all taken into account.
If your business comes into contact with members of the public or customers. Or if there is potential that your could cause damage to property then you may need Public Liability insurance.
Regardless of what you craft, you will likely benefit from having public liability insurance. We cover a wide range of crafts which many other providers do not. These include, but are not extensive to: Cosmetics, such as Bath and Shower Products.
Can you get public liability insurance for one day?
In appropriate circumstances, it is possible to get temporary public liability insurance cover. However, this type of insurance is primarily designed to cover specific one-off events. If contact with the public is more regular, or you plan to host multiple events, you should opt for a longer policy term.
