Do I need public liability Insurance ?

We are starting a service that matches companies to website designers. Its an online service.

Theoretically there could be issue between the companies meeting through our service. Would we require some sort of public liability insurance to cover us for such issues ? or maybe some other sort of insurance.?

regards

Ashley

16 Answers

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  • 1 decade ago
    Best Answer

    Yes. Many larger corporations require minimum level usually around a million to handle their accounts. Some services may require more insurance than others; industrial consulting, contracting, etc...

  • 5 years ago

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    RE Do I need public liability Insurance ?

    We are starting a service that matches companies to website designers. Its an online service.

    Theoretically there could be issue between the companies meeting through our service. Would we require some sort of public liability insurance to cover us for such issues ? or maybe some other sort of insurance.?

    regards

    Ashley

  • 1 decade ago

    Hi there, yes it is a legal requirement for all businesses to have liability insurance. It is also a legal requirement to keep records of your insurance for atleast 25 years.

    Firstly you can minimise your liability by getting well written terms and conditions for your business then negate your personal liability by getting insurance.

    If your business is office based which i assume it is then you are only talking a very small fee even smaller if you dont have any employees.

    I myself have 3 companies Construction, Marketing and Van hire is use Premier Line Direct

    http://www.premierlinedirect.co.uk/

    My marketing company which is 100% office based is only £400 with 6 employees £280 of this is Employers Liability Insurance and £120 public Liability

  • Keren
    Lv 6
    3 years ago

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    RE :Do I need public liability Insurance ?

    We are starting a service that matches companies to website designers. Its an online service.

    Theoretically there could be issue between the companies meeting through our service. Would we require some sort of public liability insurance to cover us for such issues ? or maybe some other sort of insurance.?

    regards

    Ashley

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  • 1 decade ago

    Hi There

    In short, yes. But to protect yourselves fully, i recommend PI insurance (Professional Indemnity). In short this covers you for errors and ommissions, owing to the fact that your business is web based i would say you will need it. You can get a dual policy that covers you for Public Liability, Employers Liability and Professional Indemnity, Could also look at directors and officers liability insurance also !!!

    Source(s): I work in the industry
  • Anonymous
    1 decade ago

    I am no expert but I would say that you’d probably need both public liability and professional indemnity, depending on whether you offer advice.

    In terms of the other types of insurance you would require it would depend upon where you business is based. If you are based from home your standard home insurance policy may not necessarily cover you, certainly worth looking into.

    I used Endsleigh, who I found very helpful – http://www.endsleigh-business.co.uk

  • 1 decade ago

    Public liability cover your legal liabilities in respect of damage to third party property and bodily injury to third parties. I think that professional indemnity insurance is more relevant as it provides an indemnity for financial loss if you are legally liable for errors or omissions. In the UK there are insurers who provide public liability and professional indemnity under one package for as little as £200

  • 1 decade ago

    You only need liability insurance, if it's required by contract with one of your vendors or clients, OR, if someone sues you. They can sue you, for a problem they have with a company that you match them up with.

    You're likely required by law to provide workers compensation for your employees.

    Source(s): agent, 21+ years
  • glory
    Lv 6
    1 decade ago

    Talk to an insurance agent that writes insurance policies for businesses.

  • Anonymous
    5 years ago

    Get insurance quotes

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