Public liability protects businesses and homeowners from being sued by members of the general public for injuries or accidents that occur on their property. Both business owners and corporations that own properties can get insurance through public liability companies.
Public liability companies also provide protection in the event that you cause damage to property belonging to third parties. This article will discuss the benefits of liability insurance for your business, and provide examples of situations where you might be able to file a claim.
Public liability claims result in thousands of businesses closing down every year. This is different from a claim filed by an employee injured under your supervision. An employer's policy of liability would cover such a claim. It is a good option to take help from a professional lawyer of public liability claims in Parramatta at www.greenleaflegal.com.au/services-2/personal-injury.
Public liability covers you if you don't have coverage, and someone is seeking compensation for an injury. You will have to pay the entire amount. This situation can be very stressful as if you cannot raise the funds required, your business and all assets, including your home, could be destroyed.
When starting a business, many have little capital and the possibility of being sued can prove devastating. The cost of a public liability lawyer is relatively affordable, so it makes sense to get this protection right away.