| Business Insurance - Liability Insurance | | |
The success of a business, whether it's a tiny enterprise run out of a basement or a large company, is largely dependent on hard work a bit of ingenuity and sometimes, a bit of luck. However, no matter how hard working you are, one disaster can wipe out all your profits and even destroy your business. The key to making sure that all the effort and money you have invested in a business doesn't disappear when a disaster strikes is to protect it with the appropriate insurance.
| | How does Liability Insurance protect my business? | There are many different types of third-party liabilities to be covered for a business. Business liability Insurance may protect you from claims arising from someone's bodily or personal injuries. Other items that could be covered by Liability Insurance are damage to the property of others, products-completed operations, advertising, premises operations, fire, legal liability and related legal defense costs. For instance, Liability Insurance will not only pay the cost of covered damages but also the attorney fees and other costs associated with your defence.
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| Public Liability Insurance |
Employers Liability – The shop/business owner has a responsibility to make sure that all staff are working in a safe environment and are not exposed to any dangers. The types of claims that are common are for staff having back injuries from lifting stock, boxes etc (the boxes or whatever, may not necessarily be individually too heavy, but staff may be lifting incorrectly without proper training (there is a law now that all staff must receive “Manual Handling” training). Other claims are for cuts, falls, repetitive strain, injury in a robbery, exposure to cleaning or other chemicals etc etc etc.....
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