Public Liability Insurance helps protect your legal liability to third parties, including clients, customers and the public for injury or damage to their property, caused by your business. It can even cover emotional distress or shock that your business causes another person. Product Liability Insurance is designed to help protect your business if you’re sued because a product you sell, assemble or supply has caused harm to a person or property. It will generally pay your costs of investigating, defending and settling claims, as well as any compensation payment you are found legally liable to pay.
Not insuring your Business against Liability is a risk, "It won’t happen to me" is not a risk worth taking.
While Public and Product Liability insurance isn’t mandatory for most businesses, it is recommended for all companies. That’s because the unpredictable nature of accidents makes them hard to prevent – and the costs of being sued can be extraordinarily high.