Liability based business insurance
If an individual is accidentally injured in their place of work, or if a property is damaged due to the activities of a business or the products it has supplied, the business could be liable for the injury or damage by law.
To protect businesses from such potential claims being made against them, it is vital they have liability insurance.
Liability insurance covers business owners, the self-employed and independent professionals against the cost incurred due to negligence that is brought against them by employees, customers, clients, investors, members of the public and shareholders.
Some of the main types of liability business insurance include:
- Public liability, which covers the cost of claims made by members of the public
- Employers’ liability, which covers the costs of compensating employees
- Product liability, which covers the cost compensating anyone who is injured by a faulty product
Nelson Policies at Lloyd’s Liability Insurance
From sole traders on a per capita basis, to larger wages and turnover rated policies, Nelson Policies at Lloyd’s can offer standalone Liability for a range of business trades.
These targeted trades include:
- Contractors risks including sole trader tradesmen
- Motor trade
- Beauticians and similar
- Retail risks
- Wholesale risks
- Engineering and manufacturing risks
- Event organisers
- Property owner’s liability standalone
The key features of our Liability insurance include:
Genuine non-standard appetite
- Flexible rating approach – per capita and wages and turnover options
- USA exports capability
- Far East imports capability
- New business ventures
- Comprehensive wording and extensions
For more information about Nelson Policies at Lloyd’s Liability insurance for businesses, get in touch with our commercial team today.Back to Blog
Q&A with … Kelly Staggs our longest serving team member, renewals underwriter.
As I oversee all the commercial renewals, I like the fact I am continuously kept busy. Every day, I am reviewing a different type of risk and seeing how other people would underwrite it. I also like having the ability to re-review a risk and provide the best options for both the Insured and broker.
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