As a sole trader or small business owner, there’s no doubt you’re aware of the importance of protecting your business and your customers with Public Liability insurance. It offers protection should a customer, supplier, or member of the public, sue your business for personal injury, death, or damage to their property. And whilst you probably take every care not to injure someone or damage their property, it doesn’t mean you won’t be found negligent should an unwanted accident occur, or someone attempts to make a claim against you. As cliché as it sounds, accidents do happen. If you don’t have Public Liability insurance you face the risk of being out of pocket for hefty legal and compensation costs that can potentially cripple your business.
However, not all Public Liability policies on offer are the same, and there are plenty of factors to consider besides the cost when choosing a policy for your business. Here are five key considerations to make finding and comparing a Public Liability policy a little easier:
1. Ensure the policy covers all of your business activities
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