| Employers Liability This is required by law | | | | against any compensation awarded as a result |
| and it covers personal injuries sustained in | | | | of damage or injury caused by your product. |
| the course of their employment by your | | | | Cover is also available to protect you |
| employees. It will also cover an employee | | | | against costs incurred in having to recall a |
| (current or former) if they become ill as a | | | | product. With some recent high profile |
| result of their work. Failure to take out an | | | | product recalls (SAAB announced it was |
| employer's liability policy can result in | | | | recalling 33,100 cars in the UK and 297,000 |
| fines of up to £2500 for any day you are | | | | units Worldwide due to a ignition problem) |
| without suitable cover. | | | | now, more than more, is it crucial to ensure |
| | | | you have the correct level of cover. |
| Public Liability This covers injury to a | | | | |
| member of the public or damage to their | | | | Directors & Officers Directors & Officers (or |
| property caused by you or your business. | | | | D & O) is a policy that protects officers and |
| Premiums depend on the type of business you | | | | directors of a corporation from liability in |
| run, your turnover and the number of | | | | the event of a claim or lawsuit against them |
| employees you have. | | | | claiming wrongdoing in connection with the |
| | | | company's business. Premiums for this type of |
| Products Liability If you sell (or give away) | | | | cover have risen dramatically in recent times |
| a product you are legally responsible for any | | | | so the use of a good insurance broker is |
| damage or injury that the product you supply | | | | highly recommended to ensure you get the best |
| may cause. Products Liability will cover you | | | | deal. |