£10 Million Public Liability Insurance: Essential Cover for Businesses

What Is £10 Million Public Liability Insurance?

Public liability insurance covers businesses, sole traders, and self-employed professionals against claims from third parties (customers, suppliers, or the public) for injury, illness, or property damage caused by business activities.

A £10 million public liability policy provides high-level protection for businesses facing greater risks or working on large contracts. It ensures that companies can cover legal fees, compensation claims, and court costs without financial strain.

Who Needs £10M Public Liability Insurance?

• Construction companies & contractors – Large building projects often require high public liability cover.
• Event organisers – Festivals, concerts, and public gatherings need extensive cover.
• Local authority & government contractors – Public sector contracts may require a minimum of £10 million cover.
• Manufacturers & wholesalers – Covers damage caused by products or warehouse operations.
• Transport & logistics firms – Protects against accidents involving delivery services and public interactions.

What Does £10M Public Liability Insurance Cover?

✔ Injury claims – If a customer or member of the public is injured due to your business activities.
✔ Property damage claims – If your business accidentally damages a third party’s property.
✔ Legal fees & compensation costs – Covers the cost of defending a claim and any court-ordered payouts.
✔ Medical costs – If emergency treatment is needed due to an incident caused by your business.

Example Claims

• A construction company accidentally damages underground pipes during excavation, leading to costly repairs.
• A shop customer slips on a wet floor, sustaining an injury and claiming compensation.
• An event organiser’s stage collapses, causing injuries and property damage.

How Much Does £10M Public Liability Insurance Cost?

The cost of a £10 million policy depends on:
✔ Business type and risk level – Higher-risk industries (construction, events) pay more.
✔ Number of employees – More staff increases risk exposure.
✔ Previous claims history – Companies with past claims may have higher premiums.

Estimated Costs

• Small business (low risk): £200 – £500 per year
• Medium business (moderate risk): £1,000 – £5,000 per year
• Large business (high risk, construction/events): £5,000 – £20,000 per year

Best £10M Public Liability Insurance Providers in the UK

• AXA – Covers high-risk industries and public sector contractors.
• Aviva – Offers flexible £10M public liability policies for various businesses.
• Zurich – Specialises in cover for large businesses and event organisers.
• Hiscox – Provides tailored policies for high-net-worth and specialist industries.

Why Choose Fraser Bond for Public Liability Insurance?

Fraser Bond helps businesses:

✔ Compare £10 million public liability insurance policies to find the best coverage.
✔ Secure tailored cover based on industry risks and contract requirements.
✔ Manage claims efficiently to ensure minimal business disruption.

Final Thoughts

If your business interacts with the public, suppliers, or customers, having £10 million public liability insurance provides essential financial protection against claims. It is especially necessary for high-risk industries or businesses working with government contracts and large events.

For expert advice on securing the best policy, contact Fraser Bond today.