Dos and Dont’s That Save Time, Money and Unnecessary Stress

Is your business able to offer products or services to customers who visit your establishment regularly? If you answered yes to this question, then you need to answer the following question. Is your public and products liability insurance in force? If your answer is no, then you should learn more about public and products liability insurance and what it can do to you and for your business.

It covers

Public and products insurance protects a business from liability in the case of any loss or damage that is caused by negligence in relation to the sale or supply of its product or service. This covers damages that could be awarded to customers or third parties who have walked into your establishment, and were injured or harmed in some way. Other expenses, such as legal fees and hospital treatment, that could be claimed


Insurance policies are legal contracts. The terms, conditions, and exclusions that form the basis for the insurance company’s coverage are the basis. It is essential that you are familiar with your policy coverage. There are many differences in coverage between policies. Some may have minor differences, while others may provide inadequate protection. To ensure you are fully informed about your policy and have the best protection, speak to your broker.

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It all depends on the type and size of your business. An individual who owns a realty agency doesn’t need the same insurance as someone who runs a hardware shop. The public and product liability exposure for the hardware store will be greater than that of the real estate agency. The real estate agent often meets with clients outside of their office so they don’t have the same exposure as the hardware shop that sells saws and hammers as well as nails and drills.


Liability insurance is an excellent business protection. It only takes one incident for you to be sued. Without insurance protection, this is definitely something you won’t have to face. An accident is stressful enough without having to worry about how you will defend yourself in court.

You don’t need liability insurance just because you have one or two customers per week. It is important to remember that your business is open to the public and that you must insure yourself against any possible damages.

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The dos and don’ts

When looking for liability insurance, there are certain things you should know:

· Do use an Insurance Brokers – they will find the right product suitable for your needs following an analysis of your business risks. While insurance companies sell their products, they do not provide advice as to whether their products are appropriate for your needs.

· Do provide full details of your business activities including previous insurance history to your insurance broker/company to ensure that the quotation provided is adequate. A contract for insurance can be cancelled if the information is not disclosed.

· Don’t rush purchasing insurance. Give yourself enough time to complete your insurance. It can take several weeks for insurance companies provide quotes, depending on the nature and complexity of your business.

· Don’t purchase a policy purely on price. Before accepting a quote, ensure you have a clear understanding of your policy.

The common sense of what is right and wrong has a lot to do. Get advice from an industry professional if you don’t know much about insurance and want to understand the details of what you are buying.

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Protect your business from personal injury and property damage. In the event of an accident, your heartache will be less. You’ll know that you can continue your business once the case is resolved.