Public Liability Insurance for a Limited Company

Why does a Limited Company need liability insurance

A Limited Company can consist of a single person or multiple individuals who will all need cover for the day-to-day risks they are exposed to. Simply leaving a section of timber you are working exposed could cause injury to a member of the public. This is why public liability insurance is vital.

Whether you are part of a Private Limited Company (Ltd) or Public Limited Company (PLC), liability insurance protects you from any unexpected claims that you and the employees could be liable for. Public liability insurance for limited companies is not compulsory but all employees will need employers liability cover by law.

Common types of claims

• You leave a ladder out and someone walks into it and hurts themselves
• A sheet of metal is left out with a sharp edge causing injury to a passer by
• You drop a screwdriver from a height damaging a vehicle parked below

This cover is optional but Ashburnham recommends that you certainly consider having it. Furthermore, if you have valuable equipment, you may wish to consider tools cover to provide compensation in the event of them being stolen.

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