Have you got the right public liability insurance in place?
With the size of many court settlements against businesses running into the millions, it's crazy to open your doors to the public without public liability insurance.
Public liability insurance covers businesses against many of the risks they face, including injury and death to members of the public resulting from being on your premises or using your products, damage to their property from interaction with your business and theft by employees.
One of the most important things to do before arranging public liability insurance is to separate the business's assets from your own. It's important to remember that you and your business are two separate entities and, if a claim is ever made, the insurance company if fully liable and your personal assets can't be touched.
One of the best ways to avoid a public liability claim being made is by running a smooth business. By hiring good staff, keeping a close eye on the business and ensuring all loose ends are tied up, you can dramatically reduce the risk to the public and to yourself.
It's vital that you tell the truth to the insurance company when you're applying for public liability insurance. If you've made any type of claim in the past under public liability insurance they must be included or else you could find yourself with no insurance at the time when you most need it.
Finding a great deal on public liability insurance has never been easier and there are some fantastic insurance comparison websites, like Compare the Market, which can give you all the help you need.
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