We provide liability insurance for a wide range of businesses, trades, occupations and activities in the United Kingdom with on-line quotes for many businesses and and our expert service in the arrangement of liability insurance will provvide you with our best terms for even the most unusual enquiry.
What is liability insurance?
To protect you, your business or your organisation from the financial costs of legal action against you, liability insurance provides you with indemnity in respect of awards made against you and covers the legal costs of your defence against claims from third parties and your employees in respect of injury or property damaged alleged to be your responsibility and having occurred n connection with your business or insured activities.
How much does liability insurance cost?
The cost of an appropriate liability insurance policy is in fact very low compared to the broad level of protection your receive under the policy and it should be considered by all as a prerequisite for anyone in business, however large or small.
What sort of liability insurance do I need?
This depends upon your own circumstances and a range of different liability insurance.
The public liability insurance policy protects the policyholder against claims made against them by third parties, whether these be clients, customers or members of the public at large in respect of your legal liability for personal injury arising during the course of your business. more
The product liability insurance policy is provided as an extension to a public liability policy and covers you in respect of claims made against you in respect of your legal liability for personal injury or property damage arising from the supply of a product. more
The employers liability insurance policy protects you against claims made by employees in respect of your legal liability for personal injury or property damage arising during the course of their employment. Employers liability insurance is compulsory for most employers in the United Kingdom. more
The professional indemnity insurance policy protects you in respect of claims made against you in respect of your legal liability for loss arising from an alleged breach of professional duty. more
The medical malpractice insurance policy protects medical and healthcare professionals in respect of claims made against them in respect of their legal liability for personal injury arising from a breach of professional duty or care. more
Both expressions refer to the basis upon which claims are handled under liability insurance policies, but the difference between a claims made basis and a claims occurring basis are significant and can have significant consequences for the policyholder.
What is a claims occurring basis?
A policy on a claims occurring basis responds to claims that occur during the policy year, including claims that may arise after the policy has expired. Employers liability and most public and product liability policies are settled on this basis.
What is a claims made basis?
A policy on a claims made basis responds to claims only that are made during the policy year and will not respond to claims that are made after the policy is expired in respect of incidents that occurred during the policy year. Professional indemnity policies and some public liability policies are generally issued on this basis.
The claims occurring basis can leave the policyholder unprotected in respect of claims that are notified in the future and this is why maintaining a current policy or an appropriate run off cover is so important to many people.
At Blackfriars we have many years experience in the liability insurance market, as both underwriters and brokers and are ideally placed to deliver a first class service to you, whether this by use of our instant on-line quote services or in discussion with our well established liability insurance broker team.
With a very wide range of markets and products available to us, we are able to offer you excellent terms on nearly all businesses and occupations and will always work with you to ensure that you get our best deal.
So apply now on-line or call us direct to discuss your liability insurance requirements with one of our team.