Liability for bodily injury or property damage and includes liability for environmental restoration. (49CFR387)
Insurance cover against damage to property or person.
You can use this type of policy to insure your business against legal liability for bodily injury to third parties or loss of, or damage to, the third party property.
The insurance of liability for accidental bodily injury or damage to the property of third parties. Public liability insurance is designed to cover businesses so that if a member of the public sues them as they feel they have suffered a loss then they will be insured. For example: if a manufacturer is showing customers round the factory and a client slips over on some oil on the floor then they will be able to sue the manufacturer. Public liability insurance will pay out the compensation of whatever damages are awarded. Public liability insurance typically has a limit of cover, usually it comes in various levels from £1 million – £100 million.
Providing an indemnity in respect of the legal liability arising in connection with your business to pay damages as a result of death disease or bodily injury or loss or damage to property of members of the Public (excluding employees).
Covers your legal liability for accidental loss of or damage to third party property or for death, injury or disease to third parties arising out of the business either at or away from the insured premises, should negligence be proven.
Type of insurance that covers damage which can occur to other people.
This protects your legal liability against compensation, claimants costs and expenses in the event of death or injury to anyone other than your employees. Most insurers provide a limit of £2 million as standard although it is possible to have a higher limit on request and subject to an additional premium. As per Employer's Liability, it is essential that we are notified immediately of an accident which may give rise to a claim against you. Public Liability also extends to indemnify you against loss or damage to third party property.