The world of insurance can be confusing and when you’re a small business, it can be the last thing on your mind. However, without certain types of insurance you would be liable to cover the costs of any claims brought against you, which could be devastating and lead to the collapse of your business.
Public liability is a type of insurance that will cover you in the event that a member of the public or customer brings a claim against you due to damages or injury, whilst you are at their site or they are at your premises. But, if you are self-employed or are a sole trader, do you need public liability insurance?
The legal answer is no, but the best answer would probably be yes. Although it’s not a legal requirement, claims made against a small business cannot be absorbed as they can with a large corporation, so you will end up footing the bill for the claim and all the legal costs yourself. Depending on the type of claim, this expense could end up costing you your business. Full Article…









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