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.
