If you are a looking to become a self employed business owner it can be quite a daunting challenge, especially getting your head around the legal aspects of it all. There are so many legislations in place that it can be easy to overlook certain aspects, public liability insurance can be one of those areas. Especially as this is not required by law for those who are self employed. Because of this many who are considering becoming self employed question whether it is worth their time and more importantly their money purchasing such insurance.
Public liability insurance in its simplest terms covers businesses in case of the public being injured on their premises. This can include their shop, restaurant, offices or even their home if they work out of it. As with all types of insurance it is hoped that there is no need to claim upon it, especially if they do not deal with customers on a face to face basis, but like all other types of insurance it is worth having the protection this offers.
It is worth noting that many large companies, in particular public sector organisations will only work with businesses that have taken out public liability insurance, so it can often mean if businesses do not have this type of insurance then they will miss out on a lot of opportunities. The general public are becoming increasingly aware of the concept of public liability insurance and are choosing to take their business to companies with this type of insurance.
Public liability insurance not only covers the self employed in the event of a member of the general public injuring themselves while at their premises or they accidentally damaging a clients property. It also covers those who are self employed against damages, losses and thefts that can occur to their property or belongings.