The Right Liability Insurance for Your Business

The Right Liability Insurance for Your Business

No matter what type of business you own, insurance is a must. There are many different types to choose from including general liability insurance and public liability insurance, or PLI insurance. If you work with the public at all, PLI is important because it protects your business from potential risk.

The Basics of Public Liability Insurance

What is public liability insurance? In short, it is the form of insurance that protects companies against claims from the public, including delivery drivers, retail customers or visitors to your business premises. It protects your business against the following:

  • Lost goods
  • Injuries
  • Property damage
  • Negligence

PLI does not cover any claims made from within the company, such as vendors, investors and employees. This type of insurance is completely separate from the more comprehensive general liability insurance.

The Difference Between PLI and GLI

PLI deals with claims from the public. On the other hand, general liability insurance, or GLI, provides protection against injuries, damages and accidents that happen in the workplace and have no bearings on the public. A combination of the two provides well-rounded coverage of all the risks involved with running a business, although each in specialized areas.

Insurance to Protect Your Business

If you own a business that works with the public, then you need PLI insurance. That way, you can keep your business safe against legal claims from the public and keep your operations running smoothly.