We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Business

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What is Self-Employed Public Liability Insurance?

Malcolm Tatum
By
Updated: May 17, 2024
Views: 4,533
Share

Self-employed public liability insurance is a type of insurance protection that is carried by a wide range of professionals who operate their own businesses. As with other types of liability coverage, this form of self-employment insurance protects the provider from financial losses that may occur in the event a client sustains some sort of a loss as a direct result of actions taken by that provider. Professionals such as electricians, plumbers, cleaners, and even some types of business consultants are highly likely to maintain self-employed public liability insurance as part of their overall independent contractor insurance.

The idea behind self-employed public liability insurance is to protect both customers and the individual providing services to those customers from sustaining any type of permanent losses due to unfortunate circumstances that may occur during the course of their business interaction. For example, if a home is damaged by fire that is traced back to the wiring installed by an electrician, that provider is generally found liable for the damages and the cost of repair to the home. Here, the liability insurance would provide the funds needed to settle the claim, without the electrician having to pay for those repairs out of pocket.

Insurance of this type also covers personal injuries sustained as the result of the work performed by or under the direction of the insured party. This means that if a stairwell installed by a builder should collapse, resulting in injury to one or more individuals, the self-employed public liability insurance would provide the resources necessary to cover the costs of treatment for those injured parties, and possibly some additional compensation during their convalescence. Here again, the liability coverage makes it possible for the insured party to avoid paying damages out of pocket, and possibly bankrupting his or here business enterprise.

Depending on the specific terms and conditions found in the contract that establishes the self-employed public liability insurance, the benefits may even include legal services to help settle claims without the need to go to court, or provide legal representation in the event that the issue does escalate to that point. In some nations, regulations regarding insurance coverage may require the inclusion of specific types of coverage within the plan. Potential customers sometimes query independent contractors regarding whether or not they have coverage of this type before choosing to accept bids or contract work to those contractors. In addition, some trade unions and professional associations require that their members maintain this self-employed public liability insurance in order to remain members in good standing.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including WiseGeek, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.

Editors' Picks

Discussion Comments
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
Share
https://www.wisegeek.net/what-is-self-employed-public-liability-insurance.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.