To answer this question correctly, you first need to what your company does, how it works and who look with.
Unlike employer liability, where the answer is a simple "Yes you do and you'll be punished if you do not have it," liability insurance can seem a little less clear. It is not mandatory for you to have public liability insurance, and there will be no penalty for you if you do not take it on. However, this is by no means suggest that you do not need it.
Just to clarify, public liability comprises the following:
1) Third getting injured as a result of your business.
2) the property of other people getting damaged as a result of your business.
Working as a contractor
If you land on the customers work, for example as a builder or carpenter, then you will probably find that many of your customers will require that you place before they can look at a certain level of public liability insurance, working with you. Especially with large corporate clients, this is often part of their standard corporate policy, as the assurance that if something goes wrong with them your work, they are not to financial complications in the setting to have it. As a side bonus, it also gives them the security of knowing that they are responsible to someone.
Working with the public
If you have a high rate of interaction with the audience, for example, in a retail or hospitality environment liability Middle is then crucial. The more people that pass through your business, the more likely it is that one of them is a kind of accident that you could keep it for the responsible.
It does not matter how careful you or your employees are, it takes only one person to be fully and completely carefree and you could have an expensive lawsuit on your hands, even if there is very little merit to the claim.
Also, as the point above about contractors who can place public liability insurance to be reassuring to your customers. If you receive your proof of coverage, they can make them feel that they give it with a reputable, responsible and professional business dealings.
offices
Most offices will be some kind of interaction with the audience have, or at least of third parties that do not employ. While everyone who works for your company, will be covered by your employers liability insurance, all visitors will not be on your building.
If visitors are rare or irregular, then it could be that you cover a lot of public liability do not require, but if you can honestly say you've never someone visit your office, which is not used by you, then you should definitely consider it out.
Work from home
If you ran a small business from home, then you might be a part of this small group of companies that would not find much need for liability insurance. As above with the office if you have frequent visitors, then there should be something for you to consider, but if your work is far off as is often the case with working from home, then this might be something you rightly may skip.
However, there are other things that you should consider cover the investigation on your home-based business. You might have accidentally turned on one part of your home in the eyes of your home insurance policy to a job, which means you may not be as protected as you think.
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