Most people realize the importance of having insurance to protect their homes, cars, businesses, and many other aspects of their lives. Even the very wealthy have insurance to protect their financial assets in case of an accident or unforeseen circumstance. But there are many different types of insurance, and it can be hard to know exactly which one is right for you.
One of the types of insurance offered is public liability insurance, also known as general liability insurance. Lately, the word “public” has almost become synonymous with the word “sharing.” You can make your Facebook posts and Tweets public and you can make Google Docs that you create public as well. In the case of public liability coverage, however, the word doesn’t mean you will be sharing insurance.
If you are a massage therapist and someone were to walk into your salon, trip on a cord and hit their head on the floor, you could be held liable for their medical and other expenses that come because of the accident. This scenario is one where having public liability insurance for massage therapists would help you.
This type of insurance is for those who work with the public and whose place of business has the potential to hurt someone. It gives you protection in case someone comes into your premises and is injured because of your negligence. Before you decide that your business building is not dangerous, remember that cords, electrical sockets, and even doors have the potential to harm. In short, every place has the potential to become dangerous.
There is also a difference between public and product liability, both of which could be important for your business. Product liability is just that. It gives you coverage in case someone is injured by your product. The two are not the same thing, so don’t assume that you have product liability just because you bought public liability coverage.
So whether you need product liability insurance for face painters or nail styling, you should talk to your insurance carrier to see how public liability insurance can help you and your business.
