Public and Product Liability Insurance
Public and products liability insurance is an insurance that protects businesses from legal liability such as paying compensation to third parties such as clients, suppliers, other members of the public, in the event of personal accidents and loss of or damage resulting from any business activity or through your products.
Both public and product liability insurance cover are mandatory for all businesses. It could save you from potential risks when sudden claims arise. If you are importing products from overseas public and products liability is a must.
If your business provides services or products, you have the responsibility to prevent harm or damage to property and people that you come in contact with during the course of your business activity.
But accidents can happen at any time and they’re beyond your control.
When these unforeseen situations occur, public and product liability insurance can help you handle the costly consequence of a claim due to third-party personal injury or property damage.