Liability insurance can be a difficult thing to decide on when you are in business, particularly when it comes to what you need and when. To help you out, here’s a brief rundown of the difference between Public Liability Insurance and Employers Liability Insurance.
Public Liability Insurance UK covers you when it comes to inconvenience and difficulties you may cause a customer in the course of your work for them. This would usually come into play if you were to misplace or damage your customer’s goods or property.
Employers Liability Insurance, however, covers you in the event that one of your employees is injured whilst working for you. In many cases you are legally obligated as an employer to have this and it is important that you check whether this is the case for you.
Of course, choosing one or both of these types of insurance does not just give you a financial benefit, although that is very important. It also gives you a professional air, and when it comes to the Employers Liability Insurance can help to foster a feeling of trust between you and your employees.
Due to the differences between these types of insurance, it is entirely possible that you may need both rather than one or the other. It is also important to be aware that different companies will offer policies that cover different things, so it is vital that you check it carefully to make sure that everything you require is included. The last thing you want is to end up in a situation where you need insurance only to find you aren’t covered.
Our top tip: if you are in a specific profession you may find it useful to check for insurance tailored for that job, for example, cleaners insurance or window cleaning insurance. As in many situations, with liability insurance it is well-worth ensuring you fully understand what you are buying.