Keeping a business in excellent health tends to be hard work at the greatest of times. In times of recession and uncertain economic outlooks, it pays to be prepared for it.

Whilst possessing good business sense and being able to predict market movements can see you obtain an edge on the competition, when it comes to what can happen in or outside of your business premises, that's somewhat harder to predict. Nobody knows what is around the corner, and accidents can and often do happen at anytime, to anybody.

That is why it is an excellent idea to take out the public liability insurance. It will protect you against those unexpected incidents which affect your clients or members of the public whilst they are on your premises. It might also safeguard you, or individuals who work for you whilst they are in another persons place of business.

Whilst its not a legal obligation, public liability insurance is an excellent way to safeguard you against the unexpected. It will help you from a financial point of view, it can also safeguard the reputation of the business.

At Business Insured, well not only help you evaluate public liability quotes, well also provide you with some practical information and tips to help you make the perfect choice.

So, what exactly is Public Liability Insurance?

Lets face it, you need your business to be a hospitable place. Whether its a shop or an office, its good to have people coming through the door. You could be selling goods or even a service, or even meeting a client with the hope of sealing a very important business contract. If any of your customers or members of the public are hurt in any way, or have their property damaged whilst doing businesswith you, you could be facing a heavy claim against you.

Public liability cover will guard you against any such costly proceedings. It does not matter how big or small your company is or what your company is, public liability is offered to all and gives you great peace of mind, especially if something does go wrong.

Your premises along with any building or office where your business operates needs to be insured. If you are self-employed and working from home, then your home becomes your premises and you may need to consider taking out public liability insurance. But its not only in your own office or shop that public liability is effective. If you travel to a different persons workplace for business purposes and cause an accident which leads to injury or damage of that persons workers or property, you will also be covered if they bring a claim against you.

Do I Need Public Liability Cover?

It all is dependent upon what kind of business you are operating and your individual specific situation.

Most businesses are not obliged by law to take public liability insurance. You dont have to take it out if you are self-employed or supplying goods and services to businesses or the public. However, in many case it advisable to have it in place. If you dont have public liability cover, you will have to bear the cost of any claim against you or your business yourself.

In the event you are self-employed, this means a claim can be brought directly against you and if you are not covered, it could spell the end of your business venture as not only will you suffer great financial loss, but your reputation could take quite a battering too, which could ultimately damage the business a lot.