Despite your best intentions sometimes accidents still happen. Today’s businesses are exposed to an ever-growing list of legal liabilities. As increasing globalisation makes the world and legal systems more complex, so does the process of ensuring your liability policy is broad enough to pick up all the legal liabilities you are potentially exposed to in the operation of your business.
What is Public Liability Insurance?
Public Liability insurance is one of the most common insurance policies taken out by businesses of all sizes and across diverse industries. It covers legal liability for personal injury or third party damage caused by an employee or by the business during the course of business activities. It also covers related legal fees, costs and expenses.
The cover is often combined into a single policy with product liability. There is no cover under the policy for injury or damage to the insured’s own property or employees. Because business environments are so diverse, so risk assessment for liability insurance is equally occupation specific and each business has its own unique characteristics which often have a bearing on the liabilities that the business may incur.
Increases in Litigation
The general public has an ever-increasing awareness of their rights after sustaining an injury or loss caused by another party, which has led to a general increase in litigation against individuals, corporations and small businesses. Liability exposures are generated by the business activities of every organisation and liability may arise from tort, contract or statute.
What Are Your Exposures?
We can assist you in identifying and assessing your liability exposures, which could include:
- Public Liability
- Products Liability
- Advertising Liabilities
- Care, Custody & Control Exposures
- Product Recalls
- Faulty Workmanship & Product Guarantee
- Directors & Officers Liability
- Statutory Liabilities
- Employment Practices Liability
- Cyber Liabilities
- Internet Liability
- Pollution & Environmental Liability
- Contractual Liability
- Marine Liabilities
- Information Technology Liabilities
- Medical Liability
- Professional Indemnity