Public Liability Insurance (PLI) in South Africa

Public Liability (PL) Insurance (or PLI), is vital for any company. If you work with clients or customers, or in public spaces, it’s important to protect your business against claims of accidental damage or injury caused during the course of, or in connection with, your business.

 Public Liability Insurance - For cover in public places
Public Liability Insurance is recommended, if operating in public places

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 Broker Directory News  See News on Public Liability (PL) Insurance:
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Public Liability Insurance (PLI) is recommended for any business that interacts in public places. In every line of work, there’s always the potential for something to go wrong – and accidents do happen.

If you are a business owner, then you should seriously consider having Public Liability Insurance. Your business or staff, may be held legally accountable to pay to a claimant for damage to other people or property.

While Public Liability Insurance is not a legal requirement for some businesses, it should be considered essential, especially if members of the public will be interacting with your company in any way - that is, from customers receiving deliveries, to clients visiting your office, work done on your premises, or for a building/construction project.

If your company performs manufacturing work, contractual work and maintenance at clients’ sites, then you may even be more at risk – a wide range of industry-specific business insurance packages are available as cover.

There is a worldwide tendency and a growing number of legal actions being brought against business, where liability is claimed. The cost of these claims can be astronomical and ruin a business overnight. Being insured against these liability events may save a business from bankruptcy!

Even if you are not found guilty of any offense, then the legal costs may still amount to thousands of Rands. Public Liability (PI) cover is fairly cheap, given the benefits you receive.

Be smart and get a good broker to investigate and analyse your potential risks, with regards to public liability.

In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!
Also, note the following, with regards to Public Liability Insurance (PLI):
  • Public Liability Insurance is designed for professionals who interact with customers or members of the public. It protects against claims of personal injury or property damage that a third party suffers (or claims to have suffered), as a result of your business activities.
  • In real terms, this means that if someone is injured or their property is damaged while you’re providing a service, they may take legal action against you to recover their losses. Public Liability Insurance is designed to help protect your business by ensuring that if this happens, you don’t have to pay any legal or court costs. It covers incidents that occur in your workplace, as well as incidents at other locations.
  • Public Liability Insurance only covers claims made by external parties, not those made by your own employees.
  • Claims of personal injury or property damage can be incredibly expensive. Even if you’re not at fault, you may still incur considerable legal costs while defending yourself. Public Liability Insurance safeguards your business by providing cover against such claims, including legal defence costs. So you can confidently go about your work, knowing you’re protected if something goes wrong.
Public Liability Insurance - Industry-specific cover available 
 Public Liability Insurance: Industry-specific cover also available
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