This insurance covers your legal liability to pay compensation to third parties for bodily injury or damage to property arising from your business activities.
In brief this means that if you are found legally negligent in tort, contract or similar a third party will be awarded compensation where they have sustained either bodily injury or damage to their property.
- Whilst doing some work at a client’s premises you scratch the boardroom table. The client asks you to pay for the table to be replaced.
- A client visits your premises and slips and falls on your stairs. They claim against you for their injuries.
- Whilst at a client’s premises you are organising a room for a meeting and inadvertently catch a client’s employee with a chair injuring their arm. They claim compensation for their arm injury and time off work.
- An employee of one of your clients trips over a power lead you have left trailing over the office floor. They have an awkward fall and break several limbs and the client sues you for the loss they incur.