Public & Products Liability
Although not a legal requirement, Public & Products Liability should be considered essential. Public Liability provides indemnity in respect of the legal liability for damage or injury caused to third parties or their property by the company. Products Liability indemnifies in respect of the damage caused by an inherent defect in a product supplied.
Large companies and Local Authorities will normally insist on any subcontractor having a minimum of at least £2m indemnity limit as a prerequisite to tender. Temporary increases in cover can be arranged but these short term premiums are relatively expensive