The Difference between General and Public Liability


Public Liability / Wednesday, September 2nd, 2020

General liability insurance is a fundamental policy for businesses, but for any company that involves an in-person service, a public liability policy is crucial to have as well. It is an additional way to mitigate exposure to risk. Here are the facts of what public liability insurance is and if your business can benefit from it.

 

What Is PLI?

PLI is coverage for a company that involves physical interaction with non-employees. If your company has an office or building, there is potential liability if a non-employee gets injured. You should consider a PLI policy if your company includes:

        Retail services

        Customers on the premises

        Deliveries

        Visitors

What does PLI Cover?

PLI differs from general liability insurance in its specificity to the non-employee. Although it is not usually a requirement, it can make a drastic difference if something were to occur. A PLI policy can cover:

        Personal injury

        Property damage

        Property loss

Some companies will not conduct business unless a PLI policy is in place.

This type of coverage can protect a business from costs and lawsuits due to injury or loss suffered from visiting or unemployed parties. Work with a knowledgeable insurance agent to understand how your company may be at risk. Find out if you can benefit from a public liability insurance policy.