What requires a business to have Public Liability Ins and do certs have to be displayed on the work place?
Answer:
Depends on the type of business:
Any business which provides any product or service for use by the public or for use in the public domain must have valid Public Liability Insurance to a pre-determined value. This value is set by the company concerned with input from the insurance company. The minimum policy value available is (I believe) £500,000 for any one case. In many cases, the company's clients set the value of PLI cover required to undertake work for them (for example if you are working for local authorities, they require you to have a certain level of cover. Hertmere coucil = £6,000,000.00 (A heck of a lot!)
Companies which can be excluded from this requirement include operators of air ambulances (because the local authorities they serve cover this themselves) and professional consultancy and operations companies which operate purely in the private sector (oil rigs etc)
Employers must also carry Employers Liability Insurance, which is often combined with the PLI in one single premium.
Basically, if you can possibly impact the general public in any way you must have insurance, but this does not always cover you to the full extent - for example if you are running a carpet cleaning company and destroy a customer's carpet, you may well be liable personally. If you cannot afford to pay, your insurance company may be forced to do so, and will then take further action against you to recoup their costs. This is because, if you are running a carpet cleaning company you should have the knowledge and experience required to ensure this event does not arise.
PLI is usually there to cover you for unforseeable (not necessarily unforSEEN) accidents and events, and the costs of policies vary hugely depending on the levels of service and cover offered.
If you require more in depth or 'legal' information you should consult a solicitor on employment law, as although Answers provides a good forum for general knowledge you can't refer to it in court as a statement of law! Another source would be Companies House, for a limited company, or the ODPM (office of the deputy prime-minister) for legislative information.
Alternatively, a good (reputable) insurance broker should be able to advise you on the level and value of cover you will require.
Good luck!
All businesses that employ staff have to have Liability Insurance incase of accidents and yes a certificate has to be display where everyone can see it.
no legislation just good business sense. the ins co will mormally have to indemnify and defend- we live in a very litigious society 42000 attys in pennsylvania and more every year.
Public Liability in the UK is not required by a business to trade except where they are involved in transportation.
However most governmental bodies will not deal with businesses that do not carry it, some insurers will not provide other insurances unless it is included and no-one in their right mind would want to be without it.
You might be thinking of Employer's Liability that must be prominently displayed and is compulsory where you have employees.
to cover third party liabilities including staff. If it not displayed then no one know if it is safe to work and enter the building.
There isn't any. The pressure to carry public liability insurance comes from other entities you want to do business with, such as your landlord, your vendors, your suppliers, and your clients. They just will refuse to do business with you (or worse, do business with you but refuse to pay you) until you provide them with evidence that you have the coverage they specify.
Most of the time the only certificate that has to be displayed is Workers Compensation - and that's state law, but it's not a public liability line of coverage.
There is no legal requirement to buy Public Liability Insurance, there is therefore no requirement to display a public liability certificate and in fact many insurers don't issue them.
You may be obliged by contract to buy Public Liability insurance.
Public Liability insurance covers your legal liability for damage to third party property or personal injury. So if you were a builder working for a house owner as the employer they might expect you to have PL insurance in case you dropped a hammer and injured someone who blamed the house owner as the employer of the builder. The builder would need to buy PL insurance to cover him as well as the house owner
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