| he compensation culture increasing around the world, | | | | is included, you need to make sure that you are |
| having public liability insurance is becoming more and | | | | adequately covered for any accidents that might |
| more important. If you don't have liability insurance | | | | occur. Premiums The premiums that you pay depend |
| included in your current building insurance, then now is | | | | on the level of coverage you want. If you are simply |
| the time to look at getting better cover. Here is | | | | covered your home, then premiums are likely to be |
| some advice about why you need insurance, and | | | | lower than if you are covering a business. However, |
| what to look out for: What is public liability insurance? | | | | premiums are relatively cheap for the level of cover |
| Public liability insurance is an insurance policy that | | | | that you are afforded, and it is therefore essential |
| protects you from claims that other people might | | | | for anyone running a business. With compensation |
| make against you in the event of an accident. If | | | | claims on the rise it is also a good idea for |
| someone damages their property or injures | | | | homeowners to have adequate insurance. Dangers of |
| themselves in or around your property or business | | | | not having insurance If you don't have insurance then |
| then insurance will cover you for any compensation | | | | you could end up with a massive compensation bill. If |
| claims that might occur. Cover usually ranges from | | | | you are at fault or negligent and someone makes a |
| £250,000 up to £1 million. What are you covered | | | | claim against you, then you will have to pay the full |
| against? Insurance will insure you against accidents or | | | | level of compensation if uninsured. A claim might |
| loss that others might suffer in or around your home | | | | range from a few hundred pounds to a few million |
| or business premises. You are covered against claims | | | | for more serious accidents. If you cannot pay the |
| from trespassers, as well as injury that might occur | | | | claim amount then you could lose your home and |
| to anyone from falling objects or people carrying out | | | | other possessions in order to pay for the claim. |
| repairs. If an accident occurs on your property and | | | | Requirements Some businesses are required to have |
| someone claims against you, your insurance will help | | | | insurance, such as horse riding schools. Any type of |
| you pay any compensation. Included in your contents | | | | business that has some obvious risk to the public will |
| insurance Some contents or property insurance | | | | be required to have liability insurance. Also, many |
| policies have in-built liability insurance. You should | | | | businesses and customers will want proof that you |
| check with your insurer whether this is the case, and | | | | have insurance before they work with you, in case |
| what level of cover you have. Even if the insurance | | | | anything should happen and a claim is made. |