Public Liability Insurance caters for liabilities arising from “accidents” or “occurrences” in business that cause either property damage or personal injury to members of the public. These are distinct from the liabilities that arise from the provision of professional advice.
Examples of general public liability claims may be accidental damage caused to rented premises, i.e. glass breakage, water damage or fire, or accidentally damaging third party equipment whilst carrying out a site inspection. A further example may be damage caused to or by stock that escaped through a gate to a paddock on a farm that you did not secure properly after you passed through it.
Do you need public liability insurance?
LPMS offers Public Liability Insurance (along with other insurance products) to their members (made up of Valuers, Surveyors and Quantity Surveyors). Discover more about the benefits of becoming an LPMS member, if this is right for you then contact us or apply through our website to join LPMS as a member.