Public Liability Insurance

Public liability insurance (or business liability insurance) covers a business for the risk of third party injury or property damage caused by the business during performing the insured occupation. For example, if a builder accidentally dropped a piece of building material off a scaffolding, which then hit a passing member of the public, they would be liable for any damages the injured party may wish to pursue.

A simple example of property damage liability would be if a business has staff who visit customers in their own home, and a member of staff were to accidentally knock over and break an expensive ornament. The business would be liable for the replacement or repair costs.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

We hope you found this information useful.

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