Public and Products Liability
Public and products liability insurance covers businesses against claims made by the public who may accidentally get injured in your workplace or if their property is damaged due to your business or your products.
Things covered in Public & Products Liability Insurance
Various businesses offer different kinds of coverage. Most public liability insurances cover:
- Personal injuries
- Legal fees
- Compensation claims
- Death
Who should get it?
Most businesses with a physical workplace are likely to get this coverage. However, this coverage may not be necessary for you if you have an online business.
- If your business has a public dealing office
- If your business hosts events
- If you work near public properties like walkways and streets
- If your work is near someone’s property
Why is it necessary?
Although there is no regulatory requirement to hold public liability insurance, it is highly valuable in cases of claims if something goes wrong. Especially if you have a business dealing with the general public frequently, it is advisable to get this coverage to save legal costs and compensation in case of an accident.
How to get public & product liability insurance?
Violet insurance proposes a simple access process and basic detail of your business and the owner of the company to get the insurance policy registered. In addition, we would require some information about your employee’s turnover and wage roll, details of any previous claims and the renewal documents from your current insurer if you already had the coverage.
Cost of Insurance
Violet Insurance policies have no hidden costs and keep all the insurance clauses transparent, so you know what you are paying for. The cost of this insurance varies for every business. The factors affecting the price are:
- Size of your business
- Type of business – if it involves risk, the cost is higher
- Requirements of the policy
- Claims history
