Public liability insurance primarily covers claims made against a business by clients, contractors, or members of the public for accidental injury or damage to their property caused by the business's activities. It includes compensation payouts for injury or property damage, as well as legal costs such as defending the business in court. This insurance applies to incidents occurring on business premises or off-site during business-related activities. It protects businesses from the financial impact of negligence claims by third parties. However, it does not cover employees, for which employer's liability insurance is needed.

Coverage Details

• Compensation for personal injury or property damage caused by the business or its activities.
• Legal fees and expenses incurred in defending claims.
• Incidents on business premises or at events organized by the business.
• Protection against claims from customers, clients, or members of the public.
• Does not cover employees or their claims (that requires separate insurance).

Importance and Use

• Often required by clients or trading authorities.
• Helps businesses manage the high costs of claims due to accidents or negligence.
• Particularly relevant for businesses that interact with the public or hold events.

This insurance is essential for businesses that want financial protection against lawsuits for bodily injury or property damage arising in the course of business operations.