When you are an employer and running a business, it becomes your legal duty to protect the members of the public from any kind of loss or injury because of your business or its employees’ negligence or wrongful acts. If any member of public gets injured because of your business or their property gets damaged, you, as an owner, can be held liable for it and they can easily file a claim against you in the court of law and if there are more than one people or a group and all of their properties too, then the claims bill can surely go up to some million pounds and you may end up ruining your business.
Public liability insurance covers you against all these kind of situations and pays the damages and also the legal costs to defend the case in the court of law. This type of insurance covers you for an unintentional injury or damage caused to others by your business. So if you have spent so much in establishing your business, you may think of spending a little more to protect it from these kinds of risks.
No comments:
Post a Comment