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Having trouble finding a personal indemnity insurance definition?

If you've been trawling the internet looking for a personal indemnity insurance definition and running into brick walls, it's probably because it doesn't exist in the UK and Ireland. What you're probably looking for is a definition of public liability insurance, which is the closest thing to personal indemnity insurance you can get here.

Any quick Google search of public liability insurance definitions will bring you a long list of web definitions. One of the most accurate and concise is from The Oval Group, which defines public liability insurance as "the insurance of liability for accidental bodily injury or damage to the property of third parties, designed to cover businesses from the risk of being sued by a member of the public". And this is exactly what it does.

Any business, regardless of its size, that deals with members of the public should have some level of public liability insurance in place. The risks you face without it are just too great.

Imagine something as simple as someone slipping on the floor of your business premises. Even a relatively straightforward injury can result in you having to pay out substantial damages. With public liability insurance in place, the insurance company will take full responsibility for the case and the damages.

One of the most important things to be aware of when you're purchasing public liability is that you have the right level of cover in place. If you're under-insured, it's almost as bad as not having any insurance. To ascertain what the right level of cover for your business is, you should speak to an insurance expert before you take out a public liability insurance policy.

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