Everyone understands the phrase “you are liable”. This means you, or a third party, are responsible for something.
When we start to talk about the legalities of this, we think about public liability insurance, which can be confusing for a business.
The first thing to ask is, what exactly is it? Simply put, it is your legal liability for any loss, damage, disease or injury (physical or psychological) to any third party person or property. The key thing here is “legal” liability, whilst you may feel a moral obligation in certain circumstances, public liability insurance only applies if you can be proven to be liable, at law.
The second thing to ask is, do I need it? Maybe or maybe not. There is not the similar legal requirement to have the cover that applies to employers liability insurance. But, you may need it as part of a contract or because you want to protect your business in the event of a claim.
If you are unsure, call a broker to discuss their thoughts on whether you do need this cover and let them get you a comparative quote.