Public liability insurance provides an indemnity for loss or damage to third party property and for accidental bodily injury to third parties, where the policyholder is legally liable.
Some policyholders however may not be aware that most public liability policies contain an exclusion relating to property that is in the care, custody or control of the policyholder.
In view of this, it’s important that, if in the course of your business you are taking responsibility for third party property, that you ensure adequate arrangements are made. This could involve the policyholder extending a material damage policy to insure “goods in trust” or letting the customer know that you are not taking responsibility for insurance, so that they can make their own insurance arrangements.
If you would like further advice on public liability insurance please contact Tony Gibbs on 0118 9452944, or complete one of our enquiry forms.