Public liability insurance protects your business against compensation claims and their legal costs if you cause injury (including death) to a third party or damage to their property. Public liability insurance covers you on your premises and working off-site. It can cover legal costs defending claims and pay compensation if your business is found to be at fault.
For injuries to a third party or damage to their property, whether an incident takes place on your business premises, a customer’s premises or elsewhere.
Should a claim be made against you, cover will be provided to help you cover the cost of any legal proceedings.
Cost of repairs
The cost of repairing damage (for example, to a client’s carpets if you are a plumber and do something in the course of your work which causes a flood.
The cost of hospital treatment (including the cost of calling out an ambulance), if the NHS chooses to claim against you.
Unlike employers’ liability insurance, public liability insurance is not a legal requirement. However, it is considered an essential among business owners, and in some professions you may find it impossible to trade without it. For example, clients may stipulate that you must have a minimum level of public liability insurance in place before you can work for them. If you wish to undertake public sector contract work, you will almost certainly need public liability cover. It’s even possible you could be pursued by the NHS to cover the cost of medical treatment received by the individual who was hurt. All in all, you could face a bill for many thousands of pounds - potentially enough to put a small firm out of business.
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All Under One Roof
We are directly authorised and regulated by the Financial Conduct Authority (FCA) for General Insurance, Private Medical Insurance, Pure Protection, Equity Release and Mortgage business. You can check our details and regulatory permissions via the Financial Services Register at https://register.fca.org.uk/.Our FCA reference number is 845592. Haystoun Financial Services Ltd of 19D Eastgate, Peebles, EH45 8AD trades as a Limited Company. Our Company Number is: SC588219
Haystoun Financial & Property Services is a family run business based in Peebles in the Scottish Borders. We offer mortgage, insurance and protection advice services, as well as full letting agency services.
We take your privacy very seriously and collect only two types of information which we use to provide and improve our services to you.