Public Liability Insurance (PLI) is often seen by businesses as an expensive but necessary element of their business insurance portfolio. But does your business really need PLI or are you just wasting your money? After all, PLI is not a legal requirement for businesses.
Before addressing the question, it's important to clarify what PLI actually covers:
Injury to third parties as a direct result of your business operations Damage to a third party's property as a direct result of your business operations Should either of these events occur with the result that your business is sued for damages, PLI will cover you for the cost of any legal fees and compensation awards made against you.