Public liability insurance, often referred to as general liability insurance, is a crucial form of coverage that protects individuals and businesses from financial liability resulting from injuries or property damage caused to third parties during their operations, services, or on their premises. It acts as a safety net, ensuring that individuals or businesses are not held financially liable for unforeseen events that may result in legal claims or compensation demands.
The significance of public liability insurance cannot be overstated. It provides peace of mind, knowing that in the event of an accident or incident, you or your business will have financial protection against legal costs, damages, and settlements. Public liability insurance serves as a valuable risk management tool, safeguarding you from potential financial ruin.