Tarkus Business Solution

Archive for the ‘Business Insurance’ Category

Running a business exposes you to many risks. Carrying essential business insurance is a wise practice that will protect you. Public liability insurance covers any claims awarded to members of the public that may have been injured or suffered property damage due to negligence.

Whether you buy public liability insurance online or at an agent’s office, policies usually take care of any lawyers you may have to hire in the process of defending against a claim. Note that public liability insurance does not cover claims from the employees of your own firm.

Typical situations where public liability insurance comes into play include:

* Your family runs a retail store. A customer is injured by the sharp edge of a metal shelf on a display rack. Your policy is designed to handle this type of claim.

* You are a plumber with a small truck and tools. You fix the faulty plumbing on the bathtub in a small flat. A few days later, the pipes burst and water damages the floor. The owner of the building claims you are at fault.

* You own an antique store and auction house. During a public auction, a customer trips over some furniture and is injured. The next day they turn in a claim.

How much cover do you need? It depends on the type and size of your business. Some industries face greater liability due to the nature of the materials they handle or the type of work performed. Public liability insurance cover is not particularly costly. As a precaution, some insurance professionals suggest getting slightly more cover than you may think is needed.

Public liability insurance is essential to protect you, your family, and business from unforeseen accidents. The minimal cost is a real value when measured by the peace of mind it provides.