I am Self Employed, Sole Trader, with no Employees:
- I offer products and or services to other businesses or to the public
- The public may visit my premises
There is no legal requirement for you to have this insurance cover.
Best practice:
The industry generally recommends that you take out cover against unforeseen circumstances which could put your business at risk should a claim for compensation be made against you or against your firm. If successful the compensation award could be substantial and more than likely put a strain on your finances. Furthermore, the award may have to be met from your own personal wealth.
Should you in the future employ someone to work for you then you need Employers Liability Insurance which is required by law.
- Employers Liability Insurance, covers you should any member of your staff suffer an injury at your workplace or while working away at your customer’s premises as a result of their work or duties. This cover does not replace Public liability Insurance and it does not cover the public.
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