Wentworth Alexander provides public liability insurance to ensure your business is covered.
Accidents and unexpected incidents can occur in any business, no matter how careful you are. If a member of the public suffers injury or damage to their property as a result of your business activities, the consequences can be costly.
Public liability insurance protects your business against claims of this nature. Whether you operate from a premises, work on client sites, or interact with the public in any capacity, this cover helps safeguard your finances and reputation if something goes wrong. It provides peace of mind that you’re protected should an accident lead to legal action or compensation demands.
What Is Public Liability Insurance?
Public liability insurance (also known as PL insurance) is a type of business insurance that protects you against third-party claims if a member of the public is injured, or their property damaged, in the course of your business activities.
This means that if anyone makes a claim against you, you’ll be covered for the cost of any legal fees, compensation costs, and repairing or replacing damaged property. Although it’s not a legal requirement, it may be required by some local authorities or governing bodies, such as local schools or councils.
What Does Public Liability Insurance Cover?
Public liability insurance for your business covers elements such as:
- Compensation payments, legal costs, and any other expenses incurred during the claim process.
- Repair or replacement costs in respect of damage to third party property
Common Exclusions
PL insurance often doesn’t cover the following:
- Personal Injury – If you are injured as a result of your business activities, public liability insurance will not cover you. Employee Claims – Injuries to employees aren’t covered under public liability insurance. Instead, you’ll need to make sure you have an employers’ liability insurance policy in place.
- Property & Equipment – If your own property or equipment is damaged due to your business activities, public liability insurance won’t cover the costs of replacement or repair.
Wentworth Alexander can cover you for any of these eventualities with bespoke insurance solutions for your business. Get in touch with us today to discover more.
Public Liability Insurance & Professional Indemnity Insurance: What’s The Difference?
Public liability insurance and professional indemnity insurance sound similar, but there are some key differences that set them apart.
Professional indemnity insurance protects against financial losses to clients or third parties resulting from potential professional negligence. Public liability, on the other hand, exclusively covers injury or property damage to members of the public.
Our clients include:
Key sectors
Automotive
Woodworking
Chemical
Electrical &
Electronics
Fashion & Footwear
Food & Drink
Plastics
Additive
Manufacturing
Metal
Fabrication
Creative/Digital
Agencies
Software Development
IT Service
Providers
Who Needs Public Liability Insurance?
If any of the following applies to your business, you could benefit from public liability insurance:
- You have physical premises open to the public, including clients ot suppliers.
- You work on-site at client properties, for example when renovating or constructing a new building.
Public Liability Insurance With Wentworth Alexander
Here at Wentworth Alexander, we understand how important business insurance is for everyday operations. That’s why we work closely to understand your needs, and aim to source the most competitive rates for you.
Get in touch today for a tailored quote based on your needs.
Contact us
Get in touch about your insurance
Our team is ready to help you find the right insurance solution. Speak to our specialists today to discuss your insurance needs.
Our team will be happy to help and provide you with the advice you need.
Redlands
Cliftonville
Northampton
NN1 5BE
Public Liability Insurance FAQs
How Much Does Public Liability Insurance Cost?
The price of public liability insurance varies depending on factors such as your industry, where you work, and how many staff you have. For example, if you’re in a trade that uses heat work at third-party locations, you’ll have a higher premium than an office-based company undertaking clerical work.
For a bespoke quote, get in touch with Wentworth Alexander today.
Is Public Liability Insurance A Legal Requirement?
Although not a legal requirement, public liability insurance is a good idea if you’re interacting with the public in any capacity in your business, and it can often be a contractual requirement. It means that if an accident does happen, you won’t have to pay out of pocket for any compensation claims that may arise.
Why Do I Need Public Liability Insurance?
Comprehensive public liability insurance reassures your customers and clients that they’re looked after should anything go wrong. Plus, it provides a layer of financial protection for your company, so you’re not left footing the bill if the unexpected happens.
What’s The Difference Between Employers’ Liability And Public Liability Insurance?
Employers’ liability insurance covers injuries and accidents to your employees. On the other hand, public liability insurance covers any incidents relating to the public on your business premises.