Public Liability Insurance
Public liability insurance (or PL insurance as it’s also known) protects businesses against damage and injury to third parties, such as members of the public or external stakeholders. In the event of an incident that causes harm to a person or damage to a client’s property, for example, PL insurance will kick in and cover the costs of losses incurred. It’s widely considered as an essential contractor insurance, particularly for those who come into contact with clients, customers and works onsite.
Why do Contractors Need PL Insurance?
Public liability insurance provides not only peace of mind but also vital protection in the event of an accident or a claim made against you for any number of reasons, including:
- A third party slips, trips or falls and is injured and it’s your fault
- Damage to a client’s property or premises
- Personal injury to members of the public or damage to their property or premises
PI insurance is often taken out by freelancers and contractors who work closely with clients, whether at their offices, on construction sites or at events hosted by the contractor. With this business insurance in place, contractors can show to clients they are covered should anything happen, which can go a long way to maintaining a strong business relationship.
About Markel
Markel are an award-winning insurer with over 200,000 customers in the UK and are rated 4.8 out of 5 from 2,000+ customer reviews.
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