Liability Insurance
Liability Insurance
Contact David Walton directly on 01707 894402 or email us on info@bromwall.com for liability insurance
Liability Insurance Overview
There are several types of Liability insurance that you need to be aware of and the main areas are detailed below.
Various liability insurance cover available:
Liability Insurance - Employer’s Liability
Employer’s Liability insurance is a statutory requirement for all businesses who have employees either direct or sub-contractors. A business has to keep details of their Employer’s Liability Insurance for 40 years. If you are buying a business, as part of the diligence the insurance history must be investigated. If you can’t establish the past insurers, then you may have a claim from a past employee and, if this is a serious industrial disease, your business may be responsible for a very large insurance claim.
Liability Insurance - Public Liability
Public liability insurance provides protection against insurance claims from a third party, for example, if someone injures themselves due to the fact that your building is dangerous.
Liability Insurance – Products Liability
Some USA buyers especially the larger companies that buy your goods for resale may impose special requirements for Products Liability and request proof in the form of an insurers endorsement or an ‘Acord Form’. We can advise on this. Bromwall is ”acord form” friendly! Those new to exporting to the USA will soon be asked to provide proof of cover in the required format. Can your existing Broker produce Acord forms? Our experience has lead us to discover very few Brokers know what an Acord form is. Don’t let you insurance provider prevent you from trading with the USA. Contact Bromwall for liability insurance.
