What is the difference between employers liability insurance, public liability insurance and professional indemnity insurance?
Employers liability insurance covers legal liability for injury or disease sustained by an employee in the course of their duties. Most businesses are obliged to have this cover by law- even if you only employ temporary staff. Public liability insurance covers you against legal liability for accidental injury to other persons (other than employees) or damage to the property of other persons. Professional indemnity insurance covers legal liability for financial loss sustained by another party (usually a customer) as the result of some error or omission or failure in the advice given, or other torts such as defamation, breach of copyright, or breach of confidentiality. It does not usually cover legal liability for bodily injury or damage to property (although for some professions, this can and needs to be insured – e.g. health and safety consultants). What is “Limit of Indemnity” It is the maximum sum that the underwriters will pay in respect any one occurrence. Products liability and pr
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