Public liability insurance is designed to cover third party claims against you or your business for bodily injury and/or loss of or damage to property not including property in your care, custody and control which should be insured under a property policy. Someone making a claim against you has to prove that their claim was caused by your negligence but even if you think you weren’t negligent you need this protection to cover the very expensive costs of defending such a claim through the Courts.
All businesses, no matter how large or how small, need this protection. It is important to ensure that the policy has a sufficiently large limit of indemnity as multi-million euro awards by the Courts are becoming more common. Depending on your business a suitable limit might be as low as € 1 million or as high as € 50 million.
The information in this article was current at 02 Dec 2011