Public and Products Liability Insurance, commonly known as PL and PLI, is a type of insurance coverage designed to protect businesses and individuals from potential legal liabilities arising from third-party bodily injury or property damage claims. It is a crucial insurance policy for businesses that interact with the public or manufacture/sell products.

• Public Liability Insurance (PL): Public Liability Insurance covers legal liabilities that a business or individual may face for injury or property damage to third parties (non-employees) that occurs on their premises or as a result of their business activities. For example, if a customer slips and falls in a store or office, sustaining injuries, they may hold the business liable for their medical expenses and other damages. PL insurance would help cover the legal costs and compensation in such cases.

• Products Liability Insurance: Products Liability Insurance is related to the liability arising from products a business manufactures or sells. If a product sold by a company causes harm, injury, or damage to a consumer or their property, the injured party may hold the manufacturer or seller accountable. Products Liability Insurance would cover the legal expenses and compensation in such cases.

Both of these insurance types are essential for businesses that engage with the public or provide products to customers. Without this coverage, a business could face significant financial losses due to legal claims, medical expenses, and other compensation costs.

The key features of Public and Products Liability Insurance include:

• Third-Party Coverage: The insurance policy provides coverage for legal liabilities arising from claims made by third parties, which are individuals or entities not directly associated with the insured business.

• Bodily Injury Coverage: The policy covers bodily injury claims, including medical expenses, rehabilitation costs, and compensation for pain and suffering, resulting from accidents or incidents for which the insured is found liable.

• Property Damage Coverage: It also covers claims related to damage or loss of third-party property caused by the insured’s business operations or products.

• Legal Defense Costs: The insurance policy typically covers legal expenses, including lawyer fees and court costs, in defending against liability claims.

• Products Liability Extension: If the insured business manufactures or sells products, the policy can be extended to include coverage for liabilities arising from defects or faults in those products.

• Trade Shows & Events Extension: The policy can also be extended to cover liabilities arising from incidents that occur in public places, like trade shows or events, where the insured is representing their business.

• Coverage Limits: The policy will have specified coverage limits, which represent the maximum amount the insurer will pay for a covered claim. Businesses should choose appropriate coverage limits based on their risk exposure.

• Exclusions: Like any insurance policy, there will be certain exclusions that outline situations and risks not covered by the policy. Common exclusions include intentional acts, contractual liabilities, and certain high-risk activities.

• Tailored Policies: Allowing businesses to choose coverage that aligns with their operations and industry.

It’s essential for individuals & business owners to assess their specific needs and risks to determine the appropriate coverage for their trade. 

We can assist in tailoring a package insurance policy that suits your requirements.

Not only will you have the peace of mind you are protected, we will spend the time assessing the market ensuring you have the right cover at the right price. 

Simply get in touch – Depending on the size and complexity of your business the information we require varies in every case.

Feel free to email or call and one of our commercial team will be on hand to assist.

Alternatively you can complete the contact form (with our contact information below). Here you can specify your requirements, a preferred time & contact type – we will receive this in the office and one our advisors will be in touch as requested.