If your business is a one-man show, you should still invest in a solid public liability insurance.
Public liability insurance will cover you from any injury a member of the public sustains while visiting your premises. Even if your business premises are limited to your kitchen table, if a client or member of the public comes to your home to visit you for business purposes and sustains an injury while they are there, your company may be liable to be sued. This could be something as simple as tripping over a piece of loose carpet as they walk down your hallway.
If an event such as this should happen at your work premises, public liability insurance will cover any legal expenses you incur if a claim is made against you. If hospital treatment is required as a result of the accident, your policy will also help towards the cost of any medical fees, such as the cost of calling out an ambulance, if the NHS decides to claim against you.
Self-employed people who take out a public liability insurance policy will also be protected from having to pay for any third-party property they damage while carrying out their work. If, for example, you are a professional photographer and damage a tripod you borrowed to photograph a wedding, having public liability insurance will pay for the repair or replacement of the equipment.
Public liability insurance is not a legal requirement like employers’ liability insurance is, but it is still one of the most common types of insurance policies business owners take out. Fortunately for the self-employed, the cost of public liability insurance is generally very low compared to larger business. Naturally, it will depend on the type of industry you work in as to how likely your work is to pose a threat to the public.
If you are self-employed and still in need of public liability insurance, visit Cuuver.com today to start comparing policies from some of the UK’s leading insurance providers.
This should not be construed as advice and is for guidance only.