The world of the self employed trader can be quite difficult, especially when it comes to legal aspects. Public liability insurance is one of those aspects that many people would like to overlook, especially as self employed traders are not required by law to have such cover. Because of this many self employed traders question whether it is worth their time, and more importantly their money, for something they believe they will never need.

Public liability insurance covers businesses in the case of the public being injured on their property, whether that be in their shop, restaurant, offices or even home if they work out of their home. Hopefully, many small businesses will never need the protection that public liability insurance provides, especially if they do not deal face to face with customers in these settings. However, what it is worth remember is many larger companies including public sector organisations will only work with businesses that have public liability insurance, so it could mean a loss of business to not have this insurance.

The general public are becomingly increasingly aware of the concept of public liability insurance and as such they are more aware of companies who have this cover. The companies that have public liability insurance are finding that they are gaining more business than those who do not have this cover as the general public feel more confident in using their services.

Business public liability insurance is not only in place to protect the self employed trader in case of a member of the general public tripping over and hurting themselves, or even a self employed tradesperson accidentally damaging a client’s home. This type of insurance also protects those who are self employed against damage, losses and thefts to their property or belongings.