Public/Products Liability Insurance

This covers the amount you legally have to pay third parties for injuries you cause them or for damage to their property. Products Liability covers claims arising from your goods sold or services supplied and Public Liability covers claims the other claims. Product Liability isn’t always included, so you need to check it is included if you require the cover.

This insurance tends to have limits starting at £1,000,000 per incident for Public Liability but in total in the year for Products Liability, with higher limits available if needed. You need to select a limit that is adequate for your business, but you may have contractual requirements requiring a minimum level cover that you will have to comply with. Higher risk trades may have cover restricted or excluded, and you should always check the policy conditions and exclusions carefully. Exports to USA/Canada, safety critical and automotive/aerospace products, use of heat and work at high risk locations are particular problems requiring close attention to the cover provided.

The premium charged depends upon the type of goods and services provided, geographical split of wageroll and turnover, claims experience and limit of indemnity required. Extensions of cover are available, e.g. Financial Loss, Care/Custody/Control Property, Legionella. If you have mobile plant that is driven on roads you will need a separate motor insurance policy.