What is ‘Public Liability’ and ‘Employers Liability’, and why should I purchase a policy from Trafalgar Risk Management Ltd?

 

In the world of business, managing risk is crucial to long-term success. Whether you run a small enterprise or a large corporation, protecting your business from potential legal claims is essential. Two types of insurance that can safeguard your business are Public Liability Insurance and Employers Liability Insurance. Understanding the differences between them and why purchasing a policy from a reputable provider like Trafalgar Risk Management Ltd is important and can help you make an informed decision for the future security of your company.

 

What is Public Liability Insurance?

Public Liability Insurance is designed to protect businesses against claims made by third parties—such as customers, suppliers, or members of the public—who suffer injury or damage to their property because of your business activities.

For example, if a customer slips on a wet floor in your shop or office and sustains an injury, they could make a claim against your business for compensation. Public Liability Insurance will cover the legal costs of defending the claim, as well as any compensation awarded to the injured party. Without this coverage, your business could be forced to cover the legal and compensation costs, which could potentially be devastating.

 

Why Do You Need Public Liability Insurance?

• Protects Against Legal Claims: Even minor accidents or incidents can lead to significant compensation claims. Public Liability Insurance ensures your business is protected financially.
• Client and Partner Requirement: Many clients, especially in construction and contracting industries, require proof of Public Liability Insurance before entering contracts.
• Peace of Mind: Knowing your business is covered allows you to focus on growth and customer service, rather than worrying about the risks of accidents.

 

What is Employers Liability Insurance?

Employers Liability Insurance is a legal requirement in many countries for businesses that employ staff, including the UK. It protects your business if an employee suffers an injury or illness because of their work. This insurance covers compensation claims made by employees, whether they are full-time, part-time, contractors, or temporary staff, who have been harmed while carrying out their duties.

For instance, if an employee develops a repetitive strain injury from using poorly maintained equipment or suffers an accident on-site, they could seek compensation. Employers Liability Insurance ensures that your business can cover these claims without financial hardship.

 

Why Do You Need Employers Liability Insurance?

• Legal Requirement: In the UK, it is a legal requirement for employers to have a minimum level of Employers Liability Insurance. Failure to comply can result in hefty fines.
• Employee Protection: Your staff is one of your most valuable assets. This insurance shows that you take their safety and well-being seriously, fostering trust and loyalty.
• Covers Legal Fees and Compensation: Employers Liability Insurance will cover the legal costs and compensation awards, including medical expenses and lost wages, related to a claim made by an employee.

 

Why Choose Trafalgar Risk Management Ltd for Your Insurance Needs?

When it comes to selecting the right insurance provider, Trafalgar Risk Management Ltd should be considered for a variety of reasons:

1. Tailored Solutions for Your Business

At Trafalgar Risk Management Ltd, we understand that no two businesses are the same. That’s why we offer customised insurance policies that are tailored to your specific industry and operational needs. Our expert insurer partners take the time to assess your risks and design policies to make sure that you are adequately covered without paying for unnecessary extras.

2. Experienced and Trusted

With nearly 30 years of experience in the insurance sector, Trafalgar Risk Management Ltd has earned a reputation for reliability and professionalism. Our clients trust us to provide comprehensive coverage that truly protects their businesses from unforeseen risks. We are committed to transparency and customer service, ensuring that you always know what you’re covered for and how to make a claim if necessary.

3. Comprehensive Coverage

Whether you're a small start-up or a larger corporation, we offer flexible policies that provide comprehensive coverage for your business. From minor claims to major lawsuits, we ensure your business has the protection it needs to handle any legal challenge.

4. Competitive Pricing

We understand that managing a budget is essential for any business. Trafalgar Risk Management Ltd offers competitive pricing for both Public Liability and Employers Liability policies without compromising on the quality of coverage. We work with multiple insurers to find the best rates, which is reviewed frequently, ensuring that you receive great value for money.

5. Fast and Efficient Claims Process

In the event of a claim, you want an insurance company that will act quickly and efficiently. Trafalgar Risk Management Ltd prides itself on helping any clients who may have received a potential claim navigate a straightforward and hassle-free claims process with the insurer.

 

Protect Your Business with Trafalgar Risk Management Ltd

Public Liability and Employers Liability insurance are essential protections for any business that interacts with the public or employs staff. Without them, your business could face legal claims that threaten your financial stability and reputation.

By choosing Trafalgar Risk Management Ltd, you're not just purchasing an insurance policy; you're investing in peace of mind, knowing that your business is protected by a team who understand your needs and work hard to ensure you have the right coverage in place. With tailored policies, competitive pricing, and a hard-working customer service team, Trafalgar Risk Management Ltd is the trusted broker for you.

Please note, the Public Liability and Employers Liability policies are sold in conjunction with the Professional Indemnity policy.

The policies available through Trafalgar Risk Management Ltd are:

-       Limits of Indemnity Available: £1M, £2M and £5M (Public Liability) and £10M (Employers Liability).

-       Annual Turnover Limit: up to a turnover amount of £1,000,000.

-       Cover is not available in the Channel Islands and Isle of Man.

-       Policies sold in conjunction with the Professional Indemnity policy.

 

To get a quote or to view the Policy Wordings or Summary of Covers please visit www.trafalgarinsurance.co.uk.

If you have any queries, please get in touch with us on trmadmin@trafalgar.uk.com or call 0333 8 000 000.

Get in touch with Trafalgar Risk Management Ltd today and find the perfect policy to protect your business.