Your ultimate insurance guide


Liability Insurance Explained

Employers Liability This is required by lawagainst any compensation awarded as a result
and it covers personal injuries sustained inof damage or injury caused by your product.
the course of their employment by yourCover is also available to protect you
employees. It will also cover an employeeagainst costs incurred in having to recall a
(current or former) if they become ill as aproduct. With some recent high profile
result of their work. Failure to take out anproduct recalls (SAAB announced it was
employer's liability policy can result inrecalling 33,100 cars in the UK and 297,000
fines of up to £2500 for any day you areunits 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 theirDirectors & 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 youdirectors of a corporation from liability in
run, your turnover and the number ofthe 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 anyso the use of a good insurance broker is
damage or injury that the product you supplyhighly recommended to ensure you get the best
may cause. Products Liability will cover youdeal.



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