Liability insurance can be defined as compensation to a third party, based on damage or an injury that has occurred because of the insured party. The policy taken out by the insured party pays the third party if and when the insured person causes an injury or damage to them or their property.
Liability insurance can cover many areas of life, including your home, your car, your business if you own one, and so on. Public liability insurance could be used when you plug a laptop computer in and somebody else trips over the cable and hurts themselves, or if you’re a builder on a roof and accidentally drop a tool which lands on somebody’s car. These accidents can result in tremendous lawsuits even though they seem innocent enough, which is why getting the insurance is crucial for many people.
Public liability insurance isn’t something that many people think about, but if you are a contractor or contracted worker who visits other people’s properties or allow them to enter yours for work purposes, it could be a lifesaver should anything innocuous ever occur. On the other hand, if you believe you have been injured or made ill as a result of this type of negligence, you could make a claim for compensation. Simply call PK Simpson on 02 9299 1424 for more information about public liability and how to go about either purchasing it or making a claim for compensation.