March 6th, 2017.



Small business owners would be forgiven for thinking that they’re covered by their public liability and/or occupiers’ liability insurance when it comes to protecting themselves against personal injury (PI) claims. But increasingly, companies are finding that they’re not as protected as they might think and are exposed to claims because of something known as the ‘insurance gap’.

To find out if your company is at risk, you can ask a few simple questions. Do you have public liability or occupiers’ insurance cover for your business? Do you know what the excess is on that cover? Clearly, a company’s excess will depend on the type of business it is, the number of employees and the risks faced by your employees and customers in running the business.

It’s important to know the excess, of course, because if a claim against the company is successful that is the amount that will come off the profit or bottom line.

What’s your cover?
The next question you need to ask is which types of claim your public liability insurance covers? Does it cover all types of personal injury claims? And what about your sub-contractors and other self-employed people that carry out work for you?


For the full story at smallbusiness.co.uk CLICK HERE.