Chipping Norton , United Kingdom (PressExposure) July 27, 2011 -- Despite believing it will never happen, the possibility of an accident occurring is always present so a business owner should never take anything for granted. From minor injuries right through to devastating fatalities, if it is deemed an accident involving a third party was caused by some form of negligence, the financial implications faced as a result of this will undoubtedly be significant. In order to protect every aspect of the business, owners are being encouraged to purchase a suitable public liability insurance policy.
Although recent figures have stated that the number of accidents involving forklifts in particular have fallen by two thirds in the past year, it is important not to take this as a given as the potential for an injury at the workplace, construction site or domestic property is always there. Should the business owner then be made responsible for this accident and the subsequent injury to the third party or damage to property, no matter how minor it may be, the chances of a compensation claim being made is an almost certainty.
Director of Insure My Liability, David Quick, expresses the importance of safety and how effective the relevant liability insurance policy can be;
"The last thing any business owner wants is to cause an accident, injury or damage to a third party or their property. Unfortunately, sometimes accidents do happen and despite implementing many safety techniques and features in your work, any areas of negligence will be immediately picked up on in the event of an incident.
Having a suitable public liability insurance policy will offer blanket cover for your financial assets and give you complete peace of mind should a claim come your way. With many different policies on the market, it is always advisable to compare levels of cover until you find the package that offers the most suitable protection for your particular business needs."
With reports showing that over £5 billion has been paid out in public liability insurance claims in recent years, the importance of investing in a policy is clear to see. Whilst many businesses have effectively used an insurance policy to cover the costs of compensation, the other side of the spectrum sees thousands of companies go out of business each year as the financial implications of such a claim hits home for those without insurance.
Whilst the risks of an accident differing from one industry to the next, the small financial outlay of investing in an insurance policy will guarantee that a business is suitably protected in the long run.
At Insure My Liability, all business owners have free access to an online quotation system that can then be used to comprehensively compare all public liability insurance policies on offer. Once the necessary policy is in place, a business and its employees can conduct daily tasks confidently, safe in the knowledge that insurance cover is available in the unlikely event of an accident involving injury to a third party or damage to their property occurring. For any further information, feel free to fill in the online contact form on the website or call a member of the team on 0845 450 5360.
Insure My Liability is an established company that prides itself on its simple and effective online public liability insurance quotes. For more information visit their website insuremyliability.co.uk.