If the nature of your business means that you will receive visits from members of the public or that customers will come to your premises,  or indeed if you go to theirs, then you should think about taking out insurance to cover you for public liability (PL insurance).

What does the insurance cover?

Public Liability insurance covers the award of any damages given to a claimant, or member of the public, because of an accident that caused injury or damage caused by your business. It also covers legal fees, any related costs and additional expenses as well as the costs of any hospital treatment , which may include ambulance costs, that the NHS may claim against you.

The cost of the Premiums for your liability insurance will vary and are calculated by reviewing the type of business you operate and the level of activity for the business over the year. Most businesses will be judged on their turnover although other factors may also be used. For example the premiums charged for a public liability insurance quote relating to a hotel business may be calculated on the number of rooms available which will in turn reflect the number of guests in the hotel and the amount of liability that needs to be covered by public liability insurance.

You can use internet comparison sites to obtain a quote for public liability insurance and they will provide you with a cheap quote for the level of public liability insurance required. (Also known as liability insurance for the public)