General Liability includes both Public Liability & Products Liability.
Public Liability covers you if an accident or unforeseeable incident causes damage or injury to someone (excluding your employees) where you may be found legally liable to provide compensation. Importantly, Public Liability insurance can help protect your business from the financial risk of liability claims, therefore giving you the certainty you need to trade with confidence.
Product Liability is designed to help protect your business if you are sued because a product you sell, assemble or supply has caused harm to a person or property. Regardless of how stringent your business is, mistakes can occur. Even if you are not at fault, you could risk serious financial loss through legal and court costs if a customer decides to sue you.
What can it cover?
General Liability Insurance can cover:
Personal Injury Claims – If somebody is wrongfully injured as a result of your actions or your products, General Liability insurance can cover you for you liability to pay compensation to the claimant.
Property Damage Claims – If property is damaged as a result of your actions or your products, General Liability insurance can cover you for you liability to pay compensation to the claimant.
What normally isn’t covered?
Whilst policies vary and there are a number of exclusions under General Liability policies some are the key exclusions are as follows:
- Cost of rectifying faulty workmanship
- Claims to your employees (covered under separate Workers Compensation Insurance)
- Damage to your own product
- Claims relating to asbestos
- Claims arising out of the use of a registered vehicle