Liability insurance is an important aspect of owning and operating a business as there a lot of things that can go drastically wrong, a smart business decision would be to have liability insurance as a policy as it will financially protect you in the event someone has found you negligent of the condition of your property which has caused a person to be injured or killed, suffered damaged or destroyed property from your negligence. There a few insurance policies you can put in place to further protect yourself in the case of an accident such as public liability, professional indemnity, product liability. Public Liability insurance will ensure a person, business, event, contractor etc. are covered from costs they will encounter from legal action if they have been found liable for damage of property, loss, injury or death as a result of their negligence. Professional indemnity insurance protects you from any legal action taken against you if a person has claimed they have suffered a loss from your services or advice. Product liability is very important to a manufacturing, distribution and importing business as it will cover you from any damage or injury you have caused another person or business by your product or service.
We are aware that owning and operating a business can sometimes be a risky thing to do as it is full of unexpected risks but having the correct insurance plan will financially protect you in the short and long-term.