JLT BIS - Product & Public Liability insurance
Who we cover
Our Public & Product Liability insurance covers your business from any compensation claims from the public or companies. A member of the public may be awarded compensation due to injury or damage to them or their property caused by your business.
What we cover
Financial protection in the event your business is sued for injuring, or causing damage to the property of, a member of the public. A typical example of where your business is at risk is a visitor to your shop or office tripping over a computer cable or slippery surface and injuring their back.
Cover is also provided for goods supplied to others, which were sold, manufactured, repaired, installed, erected, altered, cleaned or treated by you and that through your negligence cause injury or damage. Examples could be a faulty hairdryer causing an electrical fire or a foreign object being found in food causing personal injury.
With the likelihood of someone suing your business being higher than ever before and damages often reaching six figures, one single claim could cripple your business financially. Our cover not only covers you from compensation claims, it also covers legal fees and other expenses to do with defending any claim. We recommend a minimum indemnity limit of £2,000,000.
Examples of when Public Liability Insurance would cover you:
- You run a plumbing company. One day you are called to an office to sort out a problem in their kitchen. Accidentally, you burst a pipe, and flood the office. Your client then makes a claim against you for the damage to their carpet and computer systems that have been damaged by the water.
- You run a marketing agency from a small office. Whilst one of your clients is visiting, he trips on some overturned carpet and twists his leg. He makes a claim against your firm for the injury that he has suffered.
- You are a builder. You are running a building project involving scaffolding. One of your men drops a piece of equipment that falls to the street, injuring a passing pedestrian. The pedestrian makes a claim against your firm.