Public liability insurance is a type of business insurance that protects companies and sole traders from damages in the event that they are found liable to have caused damage to any member of the public. The damage can relate to physical damage, such as loss of life, or it can relate to bodily injury, property damage, or financial damage. Public liability insurance is a legal requirement for a small number of companies, but on the whole, it is considered a commercial decision for businesses.
21 September 2021