Key features of public liability insurance

You cannot predict how things are going to turn out during the course of your business, especially the things that are not within your control. An accident can happen at your workplace, which may injure a client or a visitor, or you may damage a third party property while carrying out your business. You need to be prepared for all sorts of incidents that you may not expect to happen, and that’s why it is important for you to have public liability insurance to get yourself covered against these unforeseen events. Let’s look at some of the key benefits of public liability insurance.

  • In the event of an injury sustained by a visitor at your workplace or while you are providing service to a customer at his or her residence, the person can claim for the medical expenses. In such scenarios, public liability insurance Singapore comes to your rescue and covers the cost of the treatment rendered to the individual. It also covers the treatment cost to any individual who is injured due to your business within or outside your office premise, and compensation in the event of a death.
  • Another feature of public liability insurance is that you don’t have to pay for the legal costs as it’s covered within the insurance policy. So if an individual files a lawsuit against you for the injury or damages sustained by him or her, then you don’t have to bear the legal expenses while defending the case in court.
  • The next important feature of public liability insurance is the cover it offers in the event of third party property damage while carrying out your business. If you injure a person or damage a property not owned by you then you may face compensation claims. However, if you are insured then you don’t have to worry about the compensation claim as the insurer would pay out to cover the expenses.
  • An additional feature of public liability insurance is product liability that can be combined with public liability insurance. If someone sues you for a product that you manufacture, sell, or promote then the insurance will provide you the cover and the expenses will be taken care of.

There are many other features of public liability insurance and as a business owner or an individual providing services to clients, it’s advisable to get the insurance cover to protect yourself from the expenses that can be avoided.

Alice Foster

Alice Foster is a 27-year-old chef at chain restaurant who enjoys watching television, ferret racing and social card games. She is stable and creative, but can also be very cowardly and a bit grumpy.