• Liability Insurance

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Liability Insurance

There are several types of Liability insurance that you need to be aware of. Whether you are looking for liability insurance as self-employed or for a multi national business, liability cover is essential and Bromwall are experts in delivering the correct cover to their clients.

Various liability insurance cover available:

  • Liability Insurance – Employer’s Liability

    Employers 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 (sometimes referred to as general liability) 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 your insurance provider prevent you from trading with the USA. You can also check out our US Liability page.

    US Liability Insurance

If you have a high risk liability or a contractors all risks case, get in touch. We have facilities to place most business no matter how high risk. We use the UK composite market as well as Lloyds of London.

What is public and products liability?

It’s essential to carry the correct insurance to protect the assets of your business. So why do you need public and products liability? This cover will protect your business from any damages, alleged or actual, for damage caused by bodily injury, property damage or disease. A policy will look to pay or defend a claim brought against you.

OK, so what does it actually cover?

A good policy will provide cover in the event you receive a claim for bodily or physical injury, personal injury, advertising injury and property damage as a result of something happening from using or being in you premises, products or the way you operate your business. A policy will allow you to trade normally while the insurance deals with the situation, whether actual or alleged.

Liability Insurance

Typical cover examples

Defence Costs – Covers the legal expenses for claims brought against your business, regardless of fault.

Products Liability – Cover for bodily injury or property damage as a result of your products.

Medical Expenses – Cover provided for medical expenses as the result of a person being injured while on your premises or as a result of your products.

Personal and Advertising Injury – Protects you and your staff against any offences made during the course of business, including libel, slander, disparagement or copyright infringement in adverts.

Premises and Business Liability – Property damage and bodily injury cover sustained by persons on your premises or as a result of your business operations.

So what level of cover do I need?

Perceived Risk – You must consider the amount of risk associated with your business operations. If you are in construction or heavy manufacture for instance, you may consider you require higher cover than say a small office set up.

Type of Products Manufactured or Sold – If you are manufacturing or selling products of a dangerous nature you may wish to consider higher limits of indemnity.

Location – If you are exporting abroad, especially the USA or Canada, you should consider a higher limit of indemnity.

Contracts – Watch the contracts you sign. If you sign a contract to say you will provide £10M limit of indemnity for your public and products liability and in reality you only have £2M you could face some serious problems! We at Bromwall are always happy to help and take a look at the insurance side of contracts, before you sign them.

Is There Anything I Can Do To Keep My Liability Costs Down?

Yes, there are a number of things. The main one is training. If your staff are trained in the correct working practices this will reduce the likelihood of a claim (especially if you have a contractors liability insurance). All training should be recorded and signed by the employee. Good records should be kept. This will not only display a well run company to the insurers but it will help reduce claims generally.

For liabilty insurance please contact David Walton direct
01707 894 402 | info@bromwall.com

What our customers say...

  • I’d just like to convey my thanks for the excellent job, it is so refreshing to find a company that is genuinely passionate about its customers.

    John Grainge | Islington, London

  • Bromwall and especially David have been so helpful and supportive – always making the effort to contact me and ensure I was fully informed and, had completed all the necessary steps in the process.

    Paul Bridgewater | PB Systems, Leeds

  • I have yet to find another insurance broker, in my years dealing with the top names in the industry, who offers Bromwall’s personal service, professionalism & expertise. I would happily recommend Bromwall to everyone who has high net worth and complex business insurance requirements.

    Louise Daniels | Lion Enterprise, Manchester

  • For a variety of both motor and household briefs as well as for demanding professional activities, Bromwall Ltd have consistently delivered the most competitive quotations to us, along with a very personal and exacting service. We would not hesitate in fully recommending Bromwall for any matter relating to insurance.

    Dom Turner | Fizz IT, Norwich