public liability insurance for self employed
Why Do I Require Public Liability Insurance
In all honesty it is unlikely that getting public liability insurance will be high up on the list of things to do, yet it could be important for you to have public liability insurance as it will cover you against any legal claims. If you have decided to take liability insurance then you might be at the risk of being liable for any harm or damage in your business if caused. Anyone who has a small business or is self employed sole trader could be potentially blamed for any third party injury i.e. a member of public, alongside personal injury you and your business can be held responsible for any harm of property. The first to bear in mind while considering if you require cover is if you are dealing with members of the public and in what way you are approaching with them. If you are selling or providing good and services to general public then you can be help liable for any third party damage.
Even though, there is no legal need to have public liability insurance, the law does state that a businesses or individuals pay for damages caused by the business or its employees. It means that if you don’t have insurance then you can see yourself in the court for paying compensation for any third party damage.
Public liability insurance can cost from as small as £60 a year, depending on the nature of your business. A builder is likely to pay more for insurance than a door to door salesman as the risk is high in builder’s case. Other factors in the price of your insurance would be business turnover as well as how many employees you have. Anyone with a small business will require cover varying from £1 million to £5 million, yet sub contractors working for the local council or government might be needed to get cover of around £10 million.
Public liability insurance is the cheap and perfect way to get cover if your business was liable for any damages. People who opt not to take insurance may find themselves paying out for a big settlement and in turn losing their business and in some cases even their home.
Al Nabooda a leading insurance broker in UAE offer public liability insurance that help you to save your lots of precious money in case of any third party damage.
can i be charged for damaging a table at work.?
hello guys and gals.
well about 3-4 months ago me and a mate that i work with gave a bottle of cleaning fluid to a customer as that wanted it to clean there windows.(I’m a window fitter).now the problem.
well 2 days after completing the job,work get a phone call saying that i,we spilt some on there table and that work would have to pay for it to be fixed.I then got a letter from work asking me and my mate for a sum of £76.38p each to cover for the cost of repair by the 28,08,08 or thay will just take it out of my pay.
im a window fitter but im not self employed im on the cards and my boss has told me that i do not fall under there public liability insurance and that i have to go out and get my own.
so (1) do i have to pay for repair (2) do i have to get my own insurance even though im on the books (3) if not what do i do about this as my boss isnt the most approachable of ppl and im scared ill get the sack for saying anything about this to him.
On the bottom of this page, there are links to Yahoo Answers for each country. In might be best for you to post this in your area (UK?) as the laws can vary. If you are considered an indpendent contractor, it would make sense that they would expect you to pay the bill. If however, you are an hourly employee, it would not. That would be something that they should cover on their insurance.