What Happens if You Do Not Have Public Liability Insurance?

Public liability insurance is necessary for every type of business as it can be understood by the fact that no person can run a business that has no risk associated with it. Generally it is not a legal requirement to have public liability insurance, but you may find it mandatory or compulsory while running your business against the litigious society imposing public liability claims.

The consequence of not having a public liability cover would be most devastating as the cost incurring for defending those claims cannot be imaginable. Look at this simple scenario which can be probable to happen if you don’t have a public liability insurance cover with you.

The person who got injured or lost/damaged his property surely claim for compensation against you for injury and loss that is resulted from your negligence at your business premises. The person after meeting a lawyer or a solicitor, sends a court notification of the claim to you. Then you will find an attorney or lawyer and provide the information about the claim agreed for charging some legal costs.

This commercial lawyer will help guide you through the complicated legal process so that you will be able to protect your business. He collects evidence and documents for fighting against the lawsuits. These cases run for prolonged periods and if you lose case, you pay for compensation/damages, medical costs and legal fees of both the claimant and the lawyer. These costs will obviously run above lakhs and sometimes they can reach even millions. So, purchasing a right public liability cover will definitely protect your personal or business assets, thus making you live with peace of mind from almost inevitable hassle of legal disputes.