Business Liability insurance

It’s not. However, protecting your business against the cost of a claim for products that have caused injury or damaged someone’s possessions can be expensive and problematic. 

If your business manufactures or sells products for the public or other businesses, you could consider product liability cover for your business. This can cover you in the event that your products cause harm or injury to a customer or third party or damages their belongings.  

This can depend on a number of factors, from the risk involved in the product you’re manufacturing or selling, right through to the use of the product itself. Clear Business can help find policies suited to you and your business.  We know how important it is to understand your unique requirements. Get in touch with us to discuss your options. 

This type of insurance protects you if advice you give in a professional capacity causes a client financial loss, or if a claim is made against you for negligence, dishonesty, defamation, infringement of intellectual property rights, or loss of data. So, if your business or trade consists of giving advice, you could consider professional indemnity insurance.

If you provide advice and consultancy, handle people’s information, or provide an expert service, then you could consider investing in a professional indemnity insurance policy. 

This could include the below, or similar, professions: 

- Accountants (both ICA and Non-ICA) 

- Architects 

- Engineers 

- Computer consultants 

- Surveyors and Property Managers 

- RICS Surveyors 

Take a look at our professional indemnity insurance page for more information. 

If you have had continuous PI insurance in the years prior to taking out a policy with us, we can help to ensure you have Retroactive Cover in place. This can protect you against any claims that may be made against you for previously completed work, when insured by a different provider. (To keep your eligibility for Retroactive Cover, make sure you don’t let your professional indemnity insurance lapse). 

This depends on the risk profile and nature of your business, the total income of your business, the required limit of indemnity, and the level of excess you’d like in place – including any optional extras you decide to add to your policy. Get in touch with us to discuss your specific requirements.

If you think a client may make a claim against your business, tell your insurer and us as soon as possible as it could help to minimise legal costs and distress.  

This includes if you: 

- Receive a complaint from a client 

- Realise you have made an error and can’t easily resolve the problem 

- Receive a series of escalating complaints on a project 

- Notice a client withholds payment to you after a complaint 

- Become aware of a shortcoming in your work that you can’t put right easily 

It’s important to check the terms and conditions of your current professional indemnity policy for information on your notification requirements, as a late notification or failure to notify may invalidate your policy.  

If your business involves contact with customers – whether people visit you, or you visit them – you may want to consider public liability cover. If you or your business injures someone or causes damage or destruction to their property, then public liability insurance can cover the costs of claims against you. 

Find out more about public liability insurance here. 

The cost of public liability insurance can vary depending on your requirements, such as the services your business provides to third parties and customers, as well as the number and severity of potential accidents that could occur based on your occupation. Clear Business can provide you with a range of options that may be the ideal fit for your business needs. 

This depends on how much protection you feel you need against incidents. For a business where third parties or customers are actively within the premises at all times, a higher limit of cover could be considered. For businesses that rarely interact with third parties and pose less risk, a lower limit of cover could be a better fit. 

If a third party or member of the public suffers damage to their property or personal injury caused by your business, they can claim against you. Public liability insurance protects you against legal costs, compensation and additional fees that may be incurred by these claims.