Risk Management - Insurances, Public Liability Insurance
When operating a limited company it is vital to consider whether your company and the individuals operating through the company need to take out any insurance. The need to take out insurance may be due to a legal obligation, a contractual requirement or indeed simply due a personal need.
Public Liability Insurance
This insurance is sometimes referred to as Products liability insurance or Third party liability insurance. Although this insurance is not a legal obligation it is usual to see a requirement for this insurance in the agency/client terms and conditions.
The insurance provides cover against actions whereby your company has caused injury to a third party or their property through e.g. defective equipment.
Examples include spilling coffee over a third party’s laptop or an individual trips over cables you have laid as you have not securely cornered off the area.
Currently the majority of agencies/clients require £5 million worth of cover to be provided.
See also in this section...
- Employers & Public Liability [Read Fact Sheet >>]
- Professional Indemnity [Read Fact Sheet >>]
- Employment Law [Read Fact Sheet >>]
- Offshore Insurance [Read Fact Sheet >>]
- Directors and Officers Insurance [Read Fact Sheet >>]
- Permanent Health Insurance [Read Fact Sheet >>]
- Tax Inquiry [Read Fact Sheet >>]
- Drivers Loss of Licence [Read Fact Sheet >>]
- Medical Insurance [Read Fact Sheet >>]
- Travel Insurance [Read Fact Sheet >>]
- Death In Service [Read Fact Sheet >>]
- S660A Insurance [Read Fact Sheet >>]
- Public Liability Insurance [Read Fact Sheet >>]
- Key Man Insurance [Read Fact Sheet >>]
- Jury Service Insurance [Read Fact Sheet >>]
- IR35 Insurance [Read Fact Sheet >>]
- Equipment Insurance [Read Fact Sheet >>]
- Combined Liability Insurance [Read Fact Sheet >>]
- Income Protection Insurance [Read Fact Sheet >>]