At Insuremyvan.ie we consider Public Liability Insurance an absolute must-have for safeguarding your business, particularly as our working environments require us to be increasingly compliant. If you choose not to invest in public liability insurance and a claim is made against you, you run the risk of losing your business and property. If you want to find out more about why you need public liability insurance and how to acquire it, then keep reading!
What is Public Liability Insurance?
When accidents happen that are connected to your business activities, your business could potentially be responsible for paying compensation in these circumstances. An example of such an incident would be a builder working on a building site when his tools fall and damage the client’s car. Without public liability insurance, the builder would be responsible for any damage to the customer’s car. Public liability insurance protects you against claims made by members of the public for any accidents that occur in relation to your business activities. At InsureMyVan.ie we understand that accidents happen, and we want to help ensure you are protected from any risk associated with such accidents.
Who does Public Liability Insurance benefit?
At Insuremyvan.ie, we generally provide two different types of public liability insurance, the first being Self Employed Public Liability Insurance and the second, Employers Liability Insurance. If you’re a tradesman who interacts with members of the public during work, then it is very important you protect yourself from risk with public liability insurance. Opting away from public liability insurance could potentially result in a massive financial hit for you in the unfortunate event an accident occurs with a member of the public, or worse still it could even result in losing your business or property if a claim is made against you following an accident.
The second type of public liability insurance, Employers Public Liability cover is necessary if you have even just one other employee working for your business, regardless of whether the employee works with you on a part-time or full-time basis. Employers’ liability insurance protects you if an accident occurs and you become legally liable to your employee for injury, disease, death. Essentially, employers’ liability insurance covers the cost of compensating employees who are injured or become sick through work. At Insuremyvan.ie we also offer public liability policies that enable you to take on temporary workers during periods of time that are busy.
Is Public Liability Insurance expensive?
Historically, public liability insurance and employers’ liability insurance has been known to be quite expensive. In the past, many tradesmen tried to cut corners to avoid paying for public liability insurance, however this only results in severe financial exposure. Public liability insurance is a safety net that eliminates the risk of being hit with a huge financial cost in the event of an incident at work. At Insuremyvan.ie we offer full public liability cover from as little as €1 per day.
What does Public Liability Insurance cover?
Following an incident that happened during the period of insurance and is in connection with your business activities, public liability insurance generally covers you if you become legally liable to a member of the public for:
-Damage to their property
Public liability insurance essentially protects you against third party injury and property damage. Our Public Liability Insurance policies provide €2.6M of cover as standard practice. Some larger companies often require more cover. In that case, cover of up to €6.5 million is also available on standard policies at Insuremyvan.ie. If you require cover that is even higher than that, our public liability insurance experts can provide a quote upon request.
Why not get in contact with our Insurance Specialists who can provide you with a cheap public liability insurance quote today? Call us on (01) 660 6900 today.