What is Public Liability Insurance?
Public Liability Insurance (PLI) is a type of insurance that protects you in the event your business is held legally responsible for an injury to a member of the public or damages to their property. If you’re taken to court, having a PLI policy means your insurer will pay the legal costs on your behalf, up to a pre-agreed limit.
While Public Liability Insurance protects business owners from claims made by members of the public, it can also cover claims from contractors and clients. However, PLI does not extend to any injuries to business owners or employees.
What does Public Liability Insurance cover?
A typical Public Liability Insurance policy will cover your business for third-party injury or death, compensation claim payments, and potential repair or replacement costs for possessions or property that are damaged by your business's activity.