Public Liability Insurance
Public Liability Insurance is a vital (and sometimes required) mechanism for protecting most small businesses’ profits and financial wellbeing.
Specifically, it protects your business in the case where a 3rd party gets injured. (A 3rd party here means anyone who is not you or one of your staff).
If a 3rd party is injured and you or your company is deemed to have caused the injury, your public liability insurance policy pays out (NOT you!).
This makes public liability insurance one of the most important ways to protect your business, your business assets and your profits.