Public and General Liability Insurance
Protecting your business from unexpected events is crucial for ensuring its stability and long-term success
General Insurance Broker Asia
What is Liability Insurance?
Liability insurance is a type of insurance that protects you from financial loss if someone sues you for causing them bodily injury or property damage. It covers the legal costs and any damages you’re legally obligated to pay.
While the terms “public liability” and “general liability” are often used interchangeably, understanding the nuances between them is essential for businesses seeking adequate insurance coverage.
Key Coverages
Public Liability
Ideal for businesses with a physical location where members of the public frequently visit, like retail stores or restaurants.
Public liability serves as a foundation, safeguarding against claims from the public specifically on your business premises.
General Liability
Generally recommended for most businesses, especially those involved in product sales, professional services, or client interactions.
General liability builds upon public liability, offering a more extensive shield against a wider range of potential legal and financial risks.
General Liability: A Broad Spectrum of Protection
General liability insurance offers a wider range of protection compared to public liability. It covers:
- Public Liability: Incorporates the coverage offered by public liability insurance.
- Product Liability: Protects against claims arising from injuries or damages caused by defective products your business sells or manufactures.
- Personal and Advertising Injury: Covers claims like libel, slander, or copyright infringement.
- Medical Expenses: Pays for medical bills incurred by individuals due to negligence by your business or employees.
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