The public liability insurance policy provides public and products liability cover. Cover is provided to protect the insured against legal liability to pay compensation, claimants' costs and expenses in respect of accidental:
- Bodily injury to any person
- Loss or damage to material property occurring in connection with the business
Product liability insurance:
If the products manufactured by the company are consumed by the public and if the products damage the persons health or property this insurance will protect the owner against the claims raised by the customers.
Public liability insurance:
This insurance policy helps the business in cases where the company may be held responsible for injuring a member in the public or damaging a third person's property, by covering the costs associated with legal fees and compensation for claims.
In recent times Public Liability Insurance premiums have reduced and the premiums available currently to manufacturers are cheap, that means public liability insurance policy is affordable to every business to buy.
Public liability insurance claims are becoming more common as the public are becoming more aware of their rights. Hence, it is necessary to have a public liability insurance to protect the business from huge financial losses.
If the products manufactured by the company are consumed by the public and if the products damage the persons health or property this insurance will protect the owner against the claims raised by the customers.
Public liability insurance:
This insurance policy helps the business in cases where the company may be held responsible for injuring a member in the public or damaging a third person's property, by covering the costs associated with legal fees and compensation for claims.
In recent times Public Liability Insurance premiums have reduced and the premiums available currently to manufacturers are cheap, that means public liability insurance policy is affordable to every business to buy.
Public liability insurance claims are becoming more common as the public are becoming more aware of their rights. Hence, it is necessary to have a public liability insurance to protect the business from huge financial losses.
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