WHAT IS PUBLIC LIABILITY INSURANCE

It is designed for professionals who interact with customers or members of the public. It protects against claims of personal injury or property damage that a third party suffers (or claims to have suffered) as a result of an organisation business activities. In other words, it is an insurance policy that protects a business from costs for lawsuits brought by members of the public.

WHAT DOES IT COVER?

Public Liability Insurance covers the costs of defending an organisation from a lawsuit and payments of claims by a member of the public, including:

• BODILY INJURY – the coverage protects against the risk of someone being injured in the premises of an organisation’s property. The coverage usually includes areas outside the property, like walkways and parking lots.

• PROPERTY DAMAGE -The coverage includes protection of a business from damage to someone else's property while they are on your property or while you are doing work. For example, if a carpenter is working on a customer's home and breaks a window, that damage would be covered.

• LEGAL EXPENSES - The cost of hiring and paying an attorney to represent your business in a lawsuit brought by a customer or someone else is covered by a PLI policy.

WHAT DOES IT NOT COVER?

Public Liability Insurance does not cover:

• Accidents that happen to you as the business owner
• Accidents or injuries to your employees
• Costs to defend defamation charges (libel or slander) against you or your business.
• Costs for professional liability lawsuits sometimes called errors and admissions or malpractice. Malpractice insurance is usually for health care professionals, while errors and admissions insurance are for general professionals.