Business Resources

What is personal liability insurance?

By

Chris Andreou

What is personal liability insurance? guide

Contents

Personal liability insurance protects you from legal and compensation costs due to injury or property damage to a third party.

It is fairly uncommon to take out this type of insurance, as it is unlikely that your personal activities would pose a risk of injury or accident. However, if you're self-employed or a business owner, there's a good chance that you'll be interacting with customers or the general public on a day-to-day basis. As such, taking up public liability insurance-the commercial equivalent of this cover-is something you'd want to consider.

Personal liability insurance protects you from legal and compensation costs due to injury or property damage to a third party.

It is fairly uncommon to take out this type of insurance, as it is unlikely that your personal activities would pose a risk of injury or accident. However, if you’re self-employed or a business owner, there’s a good chance that you’ll be interacting with customers or the general public on a day-to-day basis. As such, taking up public liability insurance—the commercial equivalent of this cover—is something you’d want to consider.

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