Whether you are an own a retail outlet or a wholesale one, a service business or an administration one, having public liability insurance is an essential component for your business in the present time. For all those businesses that involve interaction with customers, there are possibilities of several slip and fall incidents that might injure the customers. In such cases, the third party might file a case on the employees of the business or the business itself. This can actually be a real concern for the business raising huge financial concerns for them. Let’s have a look at what public liability insurance is.
What is Public liability insurance?
Public liability insurance is an insurance which protects companies and organizations against the claims filed against them by general public. It is often known as the business liability insurance essentially because the liability ensures that in case of any mishap, the business will not be held responsible and the insurance will cover all the possible charges. Irrespective of whether you own a small or a large business, public liability insurance should be considered under all circumstances. This is because irrespective of the size of the business, mishaps and accidents have a high probability and can happen with anyone.
What are the kinds of mishaps that can occur?
Before option for public liability insurance, many small businesses think over the fact that how can they be involved in such cases. There are multiple negligence cases that have come up in the past that provide a clear indication that one should opt for public liability insurance in order to avoid the hassle. A customer slipping on a wet floor at your store or outlet or someone falling down the stairs or tripping over due to insufficient light are all possibilities of customer injuries that can cause real concerns for businesses.
Similarly, in case there is some constructive work going on in the store or building and a customer gets in contact with faulty electrical wires. This can ultimately cause real damage to the customers who has every right to file a claim against the business. Likewise, some stores have worn out carpets or rugs along the floor that may also cause a case of tripping over. Another very important negligence is caused by the beauty salons or hair dressers. Hair dressers at time do not may much attention and might hurt their customers while doing their hair. Similarly, the beauty salons at time leave their hair straighteners on that is a huge risk as the customers might get in contact with it and burn themselves.
These are some of the examples of negligence that a business might face. An important thing to notice here is that majority of the businesses were not large retail organizations but small and medium business enterprises. Hence, a business irrespective of their size, should consider going for public liability insurance in order to stay away from financial and legal charges. There are different schemes that provide different policies and charges. You can compare public liability insurance with iSelect.
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