Public Liability

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Public Liability insurance is considered a must-have for many business owners. It protects you if someone sues you for personal injury, death, damage to their property, or advertising injury. If you don't have public liability insurance, the resulting compensation payouts and legal costs can potentially cripple your business.

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As a small business owner, you want to win friends and influence people. You don't intend or expect to injure someone or damage their property in the course of doing business. However, even a simple event can trigger a public liability case against your business.

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Public Liability Insurance Coverage will include: 

• Bodily injury: Customers or other members of the public slipping, falling, and getting injured on your property or in your workspace is your biggest risk as a business owner; the third-party bodily injury coverage of the PLI protects against this risk

• Property damage: This covers damage you do to a third party’s property while performing your work; if you’re a painter and a ladder falls on your customer’s car, for example, PLI would help cover the cost of repair

• Legal expenses: If a third party sues you as a result of injury or property damage, PLI would help cover the associated legal costs, up to the limits of your policy

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Businesses that work directly with the public are the most susceptible to these third-party liability risk exposures and are mostly in need of this type of coverage.

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Products Liability

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Product liability refers to situations where a customer purchases a product, and an issue with the product causes a bodily injury or property damage to a 3rd party. Business owners can be found responsible for the damages if the source of the issue can be traced back to the small business. Some of the common issues customers encounter that result in product liability claims include:

• Products that cause bodily injury to the customer

• Products that cause property damage

• Sickness caused by food or beverages

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If you provide products to your customers, it’s important to protect your business against claims of damage or injury that may arise from these products. Product liability insurance is often included in our industry-specific business insurance packages.