Re: Public Liability Insurance
- From: "Kev" <kajr@xxxxxxxxxx>
- Date: 31 Aug 2006 07:27:12 -0700
The Todal wrote:
They need to have a lot of information so that their underwriters can assess
the risk and quote a sensible premium.
If a member of the public, either a visitor or a trespasser, gets injured by
your stall (eg slips on a spillage from your stock) they will claim against
you regardless of whether you have insurance and it could cost you a lot. So
it's best to be insured and of course the freeholders of the premises might
insist you have public liability insurance.
No, they don't usually wriggle out of paying. Not unless you have misled
them in a big way, eg failing to point out that you intend to give a
fire-eating display which could cause some bystanders to catch fire.
It is very funny how this "assess the risk" goes. My annual travel
insurance company is no longer quoting so I have gone to the CIS who
hold my household insurance. One of the questions was "had I claimed in
the last 3 years", well as a matter of fact I have. "what was it for",
loss of possesions, "baggage", well yes.
"How much was the claim", £3000. Stunned silence from the call centre.
This will have to go to the assessors. So the next time a 9.1rictor
earthquake sets off a tsnunami that destroys all the posessions for a
family of 4 I will remember that I will be stuffed by the insurance
companies when I come to renew.
Maybe the underwriters are expecting another 9.1 rictor earthquake in
the coming year.
Kevin
.
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