Property Insurance 101 Part 2
It’s a building, so what’s the problem
It can’t get up and hurt someone, or can it?
When you take out property owners, in addition to the cover for the building, you get cover for your liabilities, for injury to people or damage to other people’s property.
Public liability covers members of the general public, including tenants, visitors and the like and employer’s liability takes care of people you employ, such as, gardeners, handymen and cleaners.
If someone were to trip up on a loose paving stone, or a stair carpet, then they may have a case against you for the injury sustained, private treatment and any loss of earnings. The total could run into tens of thousands of pounds.
The same applies to employees who are injured whilst doing work at your direction and would extend to and the provision of a safe working environment, PPE, scaffolding, cleaning and garden equipment.
Cover also includes damage done to property, for instance if tiles fell of a roof which had not been maintained properly and crashed down on a parked car, god forbid landing on a person.
Public liability cover is included, #becauseaccidentshappen to nice people all the time, whereas employer’s liability is optional, so check carefully.
More on loss of earnings tomorrow.