Public Liability Insurance covers the cost of claims made by members of the public for incidents that may arise from your business activities. By taking out public liability insurance, you cover yourself against your legal liability for the cost of compensation for any damage or injury caused. Without this cover, your business, or even you personally, would be liable for these costs which can be huge.
Here are some of the risks covered by this type of insurance:
- -Personal injuries to members of the public
- -Loss of or damage to third party property
- -Death or disablement to the public
You might wonder whether your craft business needs public liability insurance. Many fairs and shows require this type of cover to be in place before they will allow you to participate. For most craft businesses, though, this kind of cover should be top priority regardless. Should the worst happen, the costs of paying out compensation can be crippling for any small outfit.
At CraftCover, we provide an insurance policy that is tailored to the UK craft industry. With a vast amount of experience in our field, we have the knowledge and understanding to cater for virtually any craft business.
You may expect this high standard of cover to come at significant cost, but that isn’t the case. CraftCover works hard to keep premiums as reasonable as possible without compromising on cover. We also offer a No Claims discount of up to 20%, helping you to save money now and in the future.
Public liability insurance covers your interactions with different people. In fact, everyone apart from employees are covered, including:
- -People participating in events you have organised
- -People watching events you have organised
CraftCover provide a minimum limit of indemnity of £2m with an option to increase it to £5m. This level of flexibility helps as your business grows. Along with the public liability aspect of our cover, products liability insurance is also provided under the same section. Contact us today to find out more.
Public Liability Insurance FAQs
Do I need a separate public liability and products liability policy?
No, our policy provides the same limit of cover for both Public and Products Liability cover.