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Protect Your Business from Liability Claims Using Public Liability Insurance

Article by Keystone.ie









Businesses that are directly associated with public are prone to liabilities as there are chances of accidents, even after making a conscientious effort to avoid them. If your customer or any other person sues you for death, injury or property damage at your premises and if you do not have public liability insurance, you may face significant costs that can cripple your business.

These liabilities pose a severe financial threat to the businesses. Apart from the claimed amount, the high legal costs incurred in defending the cases filed by the third-parties are also to be paid by the company. Hence, having public liability insurance is very important to get out of these unexpected heavy expenses.

Read on further to know about the frequency of personal injuries at business places and how the public liability insurance helps in protecting your business from these claims.

Statistics of injury claims: According to the reports released by the Injuries Board of Ireland, there were 8,645 personal injury claims lodged in the year 2009. Among them, one in six (17%) were related to public liability, with an average award amounted to 23,143 Euros for each claim. Nearly 51% of these accidents took place in privately owned establishments, 25% in retail/shopping outlets and 19% in pubs/night clubs or restaurants. With this high rate of accidents, businesses are required to take a public liability insurance to stay guarded of future legal claims.

Listed below are the benefits of having public liability insurance.

Reimbursement of claimed amount along with legal fees: Public liability insurance compensates you with the amount of reimbursement claimed by the third-party and also the money paid as legal charges for fending such claims. This is especially significant since you are required to pay large amounts of money as legal fees.

Covers expenses related to property damage: In addition to death and injury, the damage or loss caused to the property of the third-party is also covered. Hence, a public liability policy provides the third-party with the repairing costs of the damaged property or the cost needed to buy a new property.

Offers recovery expenses: Another good thing about the policy is that it offers recovery expenses. Along with the claimed amount and legal fees, the policy also provides medical aid to the injured person. This insurance covers costs related to hospitalization, treatment cost, medical bills, rehabilitation, and other damages. Some policies also offer domestic help and other aids to help the victim recover quickly.

Provides assistance in legal dealings: The main advantage of liability policy is that the business owners do not have to constantly worry about the legal fights. The insurance company deals with all the legal complexities associated with the claim. For instance, if you lose the case, the insurance company pays the compensation and the legal fees, and if you win the case, it collects the legal fees from the injured party. This way the insurance company eliminates your legal hassles.

Protects the employees: Public liability insurance cover helps and protects the employees in case they are responsible for any accident that injures or damages a third-party or his property due to negligence at work. As they represent the company, the policy indirectly protects them from legal costs. This shows the company’s concern towards its employees.

In order to survive in this litigious society, every business needs public liability insurance to protect itself from the risks, costs and compensations associated with accidents.



About the Author

Keystone Insurance Group is Ireland’s premier supplier of public liability insurance and business insurance solutions to Irish industry. We offer a broad range of builders insurance, construction insurance, and business liability insurance products. Our public liability insurance Ireland and business insurance Ireland products offer great value to contractors and general business customers. Our experienced and professional team quickly arranges quotes for all classes of business insurance.










www.peter-aston.co.uk Cottage Industry are a 4 piece ceilidh & barn dance band from Dorset specialising in song and dance from England, Ireland & Scotland plus medieval banquets, shanty sessions and Dorset, St. Patrick’s & Burns’ evenings. Cottage Industry were established in 1976, since when the band has been on one long rollercoaster of a tour! Gigs across the country have included theatres, castles, country mansions, hotels, boats, clubs and pubs – and leaky barns! It also seems like almost every village hall in Dorset & Hampshire has echoed to the sound of the band’s driving jigs & reels! Highlights of the past 30 years have included a ‘medieval banquet’ broadcast live from the BBC studios in Southampton and playing aboard a schooner owner by an exiled Cuban goldminer – with a crew of 10 Swedish girls! Over the years the band has done quite a lot of recording – starting in about 1978 in a 4 track garage studio owned by photographer Roger Holman, to BBC Maida Vale Studios in 1981 & 1982 which produced a release “We’re All for Swanage”, a song about Swanage Railway that made us famous on TV and radio – well, for about half-an-hour anyway! In recent years Cottage Industry have recorded in Peter Aston’s 16 track studio. Cottage Industry are available for engagements in England & Wales. A quick way to check our availability is to click on “Bookings” in the left hand menu. As Peter Aston is a member of the UK Musicians’ Union, engagements carry automatic public liability …

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Why Your Business Needs Public Liability Insurance

Article by Dawie Bester









If you are a tradesperson or someone who operates a business where customers or visitors either enter your premises or you have to travel to your customers’ locations to execute your work, then you would need to have a public liability insurance policy. As the name implies, public liability insurance is an insurance policy that a tradesperson or business owner would purchase to protect a business from liability for injury or damage that could occur to other people or property, such as those occurring on your business property, or at the client’s establishment where you are conducting business. Basically, where clients and businesspeople are interacting, public liability insurance covers any possible damage or injury that can occur to people or property during the conducting of business or work.

If you own, or plan on owning a business in the future, one thing that will be extremely important is public liability insurance. What this means is that, if your business is responsible for injuring a third party, or is responsible for some type of damage to their surroundings wherever they may be, public liability insurance will protect them and cover them from any type of legal prosecution that they may be faced with. Without this insurance there as a safety net to handle any financial losses due to damages, you may be faced with paying out more then you can afford, at which point you’re basically out of business. If you want to avoid that from happening then you should make sure you have this very important insurance.

A number of businesses today are opting for public liability schemes despite the presence of some other type of business cover. However, you might already be covered by the public liability scheme as part of your existing business insurance. If you already have a public liability cover or you are planning to get one for your business, there are certain factors that you should keep in mind.

First and foremost, you should make sure that the public liability insurance you have opted for cater well to your business needs, depending upon the nature of business. You also need to estimate whether the existing cover is sufficient for your needs or if you need an extra coverage for protecting your business against other odds. You should also make sure that you are well aware of the terms and conditions of the insurance, so that you know what is covered under the policy and what is not. This would not only save you hassles later, but also ensure that you get an insurance cover for the aspects that were not covered in your earlier policy.

For any kind of business, you should make sure that you have all the insurance that is required. Firstly, you should understand the key points for the different types of insurance, and make sure that you have adequate public liability insurance, so that you can cover all the insurance required, if the business undergoes financial losses, or accidents that occur as a result of injury to a person or damage of the property.



About the Author

Discover how you can get cheap public liability insurance in South Africa by visiting business insurance South Africa.










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What Does Public Liability Insurance Cover?

Article by Oliver Kyle









For any business, whether you are working in the building trade, retail sector or any other area that deals directly with members of the public, having sufficient insurance cover in place is a must. Public liability insurance will protect your business should you be at the centre of a claim from a member of the public who deems that you have caused injury to them or damage to their property. One insurance provider is determined to ensure that you are adequately protected to combat any such claim.

Public liability insurance will cover you if you find yourself needing to pay out a large compensation package to a third party due to an incident being caused by you or your business. Without cover in place, you will be liable to pay the full amount which could result in your business being put at severe financial risk.

By using this particular insurance specialist, you can compare policies from a number of the leading insurers until you find the one best suited to you and your business needs. They give you the option of shopping around for your public liability insurance but remove the hassle of having to move from one website to the next in search of the best terms and cheapest policies.

Even if you work from a home office, public liability insurance is still necessary to cover you should any clients visit your property. If they were to injure themselves whilst on your premises, you could be seen as responsible if any form of negligence is apparent. With an adequate insurance policy in place you can make sure that you are financially covered should the worst occur.

A further area where public liability insurance can cover you is through your tools. Incorporating tools cover into your policy will make sure that the most expensive items that you rely upon to conduct your day to day work are covered against a wide variety of possible eventualities. With many tools being expensive purchases, having sufficient cover will remove any extra costs that you could do without further down the line.

Public liability insurance should be an essential purchase for any business working closely with members of the public. Injury to a third party or damage to their property can occur at any time so you are strongly urged to purchase a policy through a provider such as this to guarantee you are always covered.



About the Author

Written by Oliver Kyle, on behalf of Insure My Liability – expert providers of public liability insurance.