Public and employers liability insurance is a type of insurance designed to cover the cost of legal defense and compensation if an employee, customer, or member of the public is injured on or near your premises or in relation to your business activities. It also covers any legal costs associated with any compensation awarded.
Public and employers liability insurance is a key component of any business insurance policy and is especially important for businesses that deal with members of the public, such as retail stores, restaurants, and hotels. It is also important for businesses that provide services in someone else’s home, such as cleaners, electricians, and plumbers.
Public and employers liability insurance is also important for businesses that have employees, as it covers the cost of any legal action taken by an employee against the company. This could include a claim for unfair dismissal, discrimination, or even a claim for personal injury.
What Does Public & Employers Liability Insurance Cover?
Public and employers liability insurance covers the costs of defending and settling claims made against your business if someone is injured in relation to your business activities. It also covers the costs of any compensation awarded as a result of the claim. This could include medical costs, lost wages, and pain and suffering.
Public and employers liability insurance also covers the costs of defending legal action taken by an employee against the company, such as a claim for unfair dismissal or discrimination. It also covers the cost of any compensation awarded as a result of the claim.
Who Needs Public & Employers Liability Insurance?
Public and employers liability insurance is essential for any business that deals with members of the public or has employees. This could include retail stores, restaurants, hotels, service providers, and any other business that could be liable for injury or damage to a third party.
Public and employers liability insurance is especially important for businesses that provide services in someone else’s home, as the risk of injury or damage is higher. This could include electricians, plumbers, and cleaners.
Public and employers liability insurance is also important for businesses with employees, as it covers the cost of any legal action taken by an employee against the company. This could include a claim for unfair dismissal, discrimination, or even a claim for personal injury.
How Much Does Public & Employers Liability Insurance Cost?
The cost of public and employers liability insurance will vary depending on the size and type of business, the type of activities carried out, and the amount of cover required. Generally, the cost of the insurance will be based on the number of employees, the type of activities carried out, and the amount of cover required.
The cost of the insurance can also be affected by any claims made against the policy in the past. If a business has a history of claims, the cost of the insurance may be higher than for a business that has no claims history.
What Is Not Covered By Public & Employers Liability Insurance?
Public and employers liability insurance does not cover any damage or injury caused by the intentional actions of an employee or member of the public. It also does not cover any damages or injury caused by the negligence of a third party, such as a contractor or supplier.
Public and employers liability insurance also does not cover any damages or injury caused by the intentional actions of the business. This includes any claims arising from malicious or fraudulent activities.
Conclusion
Public and employers liability insurance is an important form of insurance for any business that deals with members of the public or has employees. It covers the cost of defending and settling claims made against the business if someone is injured in relation to its activities. It also covers the cost of defending legal action taken by an employee against the company.
The cost of public and employers liability insurance will vary depending on the size and type of business, the type of activities carried out, and the amount of cover required. It is important to shop around and compare quotes to find the best deal for your business.