It happened...
A customer slipped in your office, a product accidentally damaged their property, or your service caused financial losses?
These things happen, and even if you work perfectly, no one is immune to human factors. But your business can be insured!
Public liability insurance covers losses that may arise due to unintentional actions of the company, its employees, or even its products.
What do you get?
- Financial protection - the insurance company will reimburse your expenses so that your business does not suffer.
- Legal protection - if a customer sues you, you won't have to cover all the costs yourself.
- Reputational protection - customers appreciate a responsible business that knows how to recognize mistakes and resolve them quickly.
A real-life case:
In 1992, a woman from the United States sued McDonald's after she spilled hot coffee on herself. She suffered severe burns, and the company was forced to pay compensation of $2.86 million. If the business had the right liability insurance, these costs would have been covered by the insurance company!
Your business should not take any risks!