Public liability insurance is something that both business and home owners must acquire. Public Liability Insurance gives you protection against paying legal or medical costs for someone who got injured on your premises, or for ongoing disability payments. In the same manner, this will also give you protection if someone’s assets get damaged on your premises.

Public liability insurance is a necessity for large and small businesses as well as homeowners. Public liability insurance protects you from having to pay legal and medical costs out of pocket if someone gets injured on your premises. It also covers the ongoing disability payments that may arise from the settlement of the liability claim. This also extends to a third parties property being damaged on your premises.

Employers liability Insurance covers the following: an employee falling ill, or getting injured in the workplace, or the case of an employee’s death. Employers liability insurance is a must have insurance. There can be only two exceptional situations where you can save yourself from getting an employers liability insurance. Either you are running a single employee company, you being the only employee, or if you only hire your family members. In any setup other than this, employers liability insurance becomes mandatory.