Public Liability Insurance
If your business comes into contact with members of the public then, whilst there is no legal requirement, it would be sensible to arrange public liability insurance. So, if you own a shop, hairdressing salon or restaurant to name but a few types of business in your local high street you will be dealing with members of the public who will no doubt set foot in your business premises.
So, imagine the scenario whereby a lady comes into your shop on a cold winter's day and slips on your wet floor that is as a result of another customer that had earlier brought in snow on the soles of their wellingtons that dropped off and melted causing the puddle of water. The lady falls to the ground and breaks both arms requiring extensive medical treatment in hospital keeping her off work for several months as a result of which she loses several thousand pounds in earned income.
It is quite possible that she will sue your business for a substantial sum of money with the assistance of a legal team and, if she wins her case, your business could be faced with a considerable bill to pay. If you had arranged public liability insurance such a policy would have paid out funds (subject to a maximum figure) to cover the likes of her medical expenses, legal fees, and lost earnings.
Public liability insurance would also cover a claim should the lady have also had any of her property damaged or indeed yours during the fall or if she suffered an illness perhaps through inhaling unpleasant fumes.
Public liability insurance can be bought as a stand-alone policy or can sometimes be included within another type of business insurance policy.
In this respect, why not contact Shop Insurance Direct who will be pleased to arrange a competitive quote for you to consider without any obligation.