Public Liability

This policy covers legal liability for damages with respect to accidental bodily injury and/or accidental property damage to third parties arising from the conduct of the insured’s business.

It is essential that the business is accurately and fully described when completing the proposal form so that the risk can be properly assessed as claims will only be entertained if “the injury or damage that occurred was in connection with the business”.

This policy refers to a ‘limit’ not a Sum Insured. The limit referred to is in respect of any one accident and/or in respect of all accidents occurring during any one period of insurance. An important part of a Public Liability Policy is the payment of legal costs and expenses in addition to the basic indemnity.

Coverage can be extended to include Products Liability as injury or damage may be sustained by users or purchasers of the product(s). The nature of the product, the estimated turnover of exports, and the countries* that these products are exported to would need to be declared.
*Unfortunately Beacon is unable to underwrite exports to the USA and islands under US jurisdiction.

Beacon’s underwriting consideration(s ):The nature of the business and the limit of indemnity required. The estimated Annual Turnover is generally used for rating of the retail or manufacturing business and the estimated Annual Wages for financial institutions and other similar type businesses. A proposal form must be completed and the policy is subject to an excess.