Liability insurance is presented in a variety of forms, each offering protection against legal action for different areas of your business.
While public liability cover isn’t a legal requirement, it is essential for the majority of businesses to have it in place. It will protect you against the resulting legal action if a member of the public is injured, or their property is damaged, as a result of your business.
Professional Indemnity (PI)
If you offer advice or consultancy as part of your service, one mistake can be disastrous for your clients. PI cover will provide cover for the legal costs resulting from liability claims in the event of professional negligence, data breaches and more.
Unlike public liability, employers’ liability cover is a requirement by law if you hire staff and can incur significant fines if you don’t have it in place. This policy will cover the legal costs should a current or former employee make a claim against your business.
Directors and Officers
Protects your board of directors and other senior members of staff for claims made directly against them.
This cover will protect your business in the event that a product you produce or sell harms a member of the public or damages their property, resulting in them taking legal action.
Standard liability cover will not protect your business against legal claims relating to breaches occurring from cyberattacks. Cyber Liability Insurance exists to bridge this gap.