Public liability insurance is not compulsory for most businesses in the UK, but most organizations have it in place and there are many reasons why this is a sensible idea. The main purpose of this type of insurance is to protect the business against claims for damage to third party individuals or property belonging to third parties. By third parties we just mean people who are not your employees and property or equipment that belongs to someone other than you or your company.
There are some businesses who may not need this type of cover, but they are very much in the minority. If you are self employed and work from home without ever going onto a client’s property and never inviting clients into yours, then you probably do not need it. If you carry out work on other premises, go visiting customers or have people on your own premises, then there is a case for having some sort of basic cover in place. Read more