Public liability insurance is an older term for general liability insurance. This covers the cost of claims made by the public for accidents that happen in connection with your business.
Public liability insurance refers to business insurance that covers claims by the general public for medical expenses injuries, death and property damage other costs associated with your business.
This type of protection falls under general liability insurance, and is included in a business owner's policy (BOP).
You may also hear it called premises liability insurance, which specifically covers third-party accidents on your business property.
General liability insurance includes public liability insurance, and costs an average of $42 per month
Covered by a comprehensive general liability insurance policy, if a customer or member of the public injures themselves on your property,
So your public liability insurance policy will cover the cost of bodily injuries, property damage, and legal costs for any related lawsuits. Your policy limits once you meet your deductible.
It does not cover injuries or damages caused to you, your business or your employees.
Any business that interacts with clients, customers, and other members of the public should consider public liability insurance.