What Is Public Liability Insurance? – Compare Accountants

July 29, 2022 ⚊ 1 Min read ⚊ Views 126 ⚊ BLOG

General liability insurance was formerly known by the more archaic name public liability insurance. It reimburses you for the money lost due to claims filed by members of the general public for accidents that were caused by your company.

Public liability insurance, also known as PLI, is a type of commercial insurance that protects a company against claims made by members of the general public for compensation of medical bills and other costs incurred as a result of injuries, deaths, or damage to property caused by the insured business. Customers, visitors, and those working in delivery are all considered part of the general public.

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Tags: Accountants Comparison Web, Accounting Firms in UK

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