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