Tag Archive Pli insurance

Protecting Your Business Against The Public

Protecting Your Business Against The Public

Operating your own small business is a fulfilling venture. This is why you should take every step to protect your hard-earned assets against any future lawsuits. One way to do that is to acquire powerful public liability insurance. Pli insurance is a type of coverage that benefits small businesses and self-employed workers the most. Here is everything you need to know about this amazing insurance.

What Does It Cover?

This coverage handles the costs involved with lawsuits made by the public. These claims include things like bodily injury and property damage. Much like general liability, it can assist with the legal and court-related expenses.
Who Should Purchase?

Pli insurance is beneficial to any business that encounters the public at any point. You simply never know when someone could get hurt. However, this coverage is best for smaller businesses as their limited coverage may mean lower rates.

How Does It Differ From General Liability?

General liability encompasses a wider array of coverage than public liability insurance. General coverage can help with claims made by employees and other vendors. This increased coverage means higher rates. Therefore, if you have a small business then you may be better off with a basic pli coverage.
If you are interested in learning more about this vital policy, contact an insurance professional to get your business on the right track.