Personal and public liability insurance - Is it possible to go and get a combined policy?
I'm about to set up a small sole trader business within the UK making furniture and I am going to be moving into a small industrial unit which I will be renting. I enjoy been advise by the people who are renting out the element that I need to obtain personal and public liability insurance. I have done a few search on the internet but I can't see any companies that have a combined policy. In other words it seem I have to take two seperate insurance policies for personal and public insurance. Is this right? Or is it the case that public liability also includes personal liability.
Answers:
OK, I filter to US Only question (not english only) and this came up, so I'm guessing that conceivably you're not going to get various UK answers.
Here in the US, and most of the rest of the world, it's true - in attendance are TWO different kinds of liability - personal, and business. "Public" is a misnomer - public can be any personal, or business. Or maybe it's simply a UK way to vote 'business'.
But, you CANNOT combine the two. The rating basis and coverages are WILDLY divergent. Business liability does NOT include personal liability, but it DOES extend coverage, to some extent, over organization IN THE COURSE OF EMPLOYMENT. With exclusions, of course.
Normally you get two separate policies. But this should not be a big concord.
Landlords typically are looking for a General Liability policy which would pay for injury to someone who get injured on your rented premesis as well as pays for defense costs for product liability (i.e. you confer on a staple or nail sticking out of a peice of furniture and it injures someone). The nice article about this is that you can unanimously couple this with a property policy (to cover your equipment and inventory) contained by what's called a BOP (Business Owners Policy). I am not too habituated with the bazaar in the UK as I am from the US, but I would assume it's not much different.
So after adjectives that, the short answer is yes, just name an insurance agent and let them win you some quotes. Insurance companies that will sell you a policy over the internet probably won't be capable of help you out near this one.
Good luck!
Shouldn't be a problem...telephone an insurance agent.