Keep yourself protected against third-party claims and complaints! Outrisk’s comprehensive public liability insurance plan will ensure your business is 100% protected against any risks and threats.
What is Public Liability Insurance?
What is Public Liability Insurance?
Liability refers to the duty to repair the damage caused to third parties while on your property or business. Injuries, physical harm or property damage can always happen by mistake or because of a natural disaster. In any of these cases, the person who owns the property or business is the one responsible for paying potential repair and recovery expenses.
General public liability insurance is a legal responsibility for all organizations. But most companies opt for tailored-made public liability coverage plans that can further protect a business’ unique needs.
The insured also gets substantial coverage for court expenses.
Liability refers to the duty to repair the damage caused to third parties while on your property or business. Injuries, physical harm or property damage can always happen by mistake or because of a natural disaster. In any of these cases, the person who owns the property or business is the one responsible for paying potential repair and recovery expenses.
General public liability insurance is a legal responsibility for all organizations. But most companies opt for tailored-made public liability coverage plans that can further protect a business’ unique needs.
The insured also gets substantial coverage for court expenses.
Why get Public Liability Coverage with Outrisk Insurance?
Why get Public Liability Coverage
with Outrisk Insurance?
Outrisk Insurance is a leader in Public Liability insurance – specifically for clients with sustainable risk profiles and superior quality standards.
Our team’s extensive experience means we can develop solutions fitting to the nature of the risk, size, geographic location, and business structure. We also have a keen enthusiasm for protecting all company types!
Omissions, accidents and mistakes might happen to every one of us. Outrisk is here to help you navigate through every unexpected situation. For our team, your specific insurance needs come first!
Outrisk Insurance is a leader in Public Liability insurance – specifically for clients with sustainable risk profiles and superior quality standards.
Our team’s extensive experience means we can develop solutions fitting to the nature of the risk, size, geographic location, and business structure. We also have a keen enthusiasm for protecting all company types!
Omissions, accidents and mistakes might happen to every one of us. Outrisk is here to help you navigate through every unexpected situation. For our team, your specific insurance needs come first!
All in One Coverage
The most extensive coverage for your company. Pick your coverage limits and policy additions to satisfy your unique needs
Flexibility
Public Liability covers third parties in case of omissions or accidents. But the policy also comes with an assortment of coverage extras.
Reliable Insurance Broker
We have been working in Cyprus since 1989. We hold a track record of successful public liability insurance deals & 100% satisfied customers. .
Around-the-Clock Customer Support
Our staff is available 24 hours, 7 days each week to help you deal with any unexpected incidents and threats.
Affordable Premiums
You get in-depth coverage with complimentary benefits at the most competitive prices in Cyprus' insurance industry.
Prompt claim settlement
We offer exceptional services for our clients and take care of settlements promptly so that you can concentrate on managing your property.
Who is this for?
Intended for organizations and professionals to help them compensate third parties for any damage caused to their property or accidental injuries coming from the Insured or their workers.
Call Us +357 97770067
Email us info@outrisk.com
Types of companies that need Public Liability Insurance
Types of companies that need Public Liability Insurance
- Shops
- Hotels
- Industries
- Workshops
- Any other businesses transacting with the public
- Self-employed/ Independent professionals
- Lawyers
- Architects
- Accountants
- Building contractors
- Shops
- Hotels
- Industries
- Workshops
- Any other businesses transacting with the public
- Self-employed/ Independent professionals
- Lawyers
- Architects
- Accountants
- Building contractors
Why do I need Public Liability Insurance?
Why do I need Public Liability Insurance?
There is no way of knowing when an unfortunate incident will happen, regardless of how low risk your company may be. Public liability insurance will take care of all legal costs, repair of damage, loss of revenues and any other inconvenience caused.
Without this essential cover, there would be zero protection from the steep costs of legal fees and payouts if the business’s activities trigger an accident or injury.
There is no way of knowing when an unfortunate incident will happen, regardless of how low risk your company may be. Public liability insurance will take care of all legal costs, repair of damage, loss of revenues and any other inconvenience caused.
Without this essential cover, there would be zero protection from the steep costs of legal fees and payouts if the business’s activities trigger an accident or injury.
What does Public Liability Insurance cover?
What does Public Liability
Insurance cover?
- The legal liability of the Insured for the payment of compensation to other persons related to:
- Accidental bodily injury or death from an accident or illness
- Accidental loss or damage to their property
- Any other incidents caused within the premises involving the building, the contents or the activities within the premises.
- The legal fees and expenses that the claimant is entitled to receive from the Insured.
- Legal fees and expenses, such as:
- Defense
- Investigation
- Settlement of the claim.
Optional Coverage
- Incidents that occur outside the insured property
- Defective food or beverages
- Use of elevators or escalators
- Use of swimming pools
- Fire or explosion of property close to the insured property
- The legal liability of the Insured for the payment of compensation to other persons related to:
- Accidental bodily injury or death from an accident or illness
- Accidental loss or damage to their property
- Any other incidents caused within the premises involving the building, the contents or the activities within the premises.
- The legal fees and expenses that the claimant is entitled to receive from the Insured.
- Legal fees and expenses, such as:
- Defense
- Investigation
- Settlement of the claim.
- Incidents that occur outside the insured property
- Defective food or beverages
- Use of elevators or escalators
- Use of swimming pools
- Fire or explosion of property close to the insured property
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Frequently asked questions
Public liability is a responsibility of care that companies or property owners carry to the public. And companies may be liable for any injury that a client gets on their premises or because of everyday company operations. Having comprehensive Public Liability Insurance can help cover your company from any unintended and unexpected events.
The policy includes the insured’s legal responsibility to third parties for unintentional bodily injury, loss or damage to the premises which results from and is directly linked to their occupation.
The coverage is valid in relation to court decisions issued by a competent court in the Republic of Cyprus.
The deductible amount is the amount or percentage that is not covered and/or deducted from the amount for each claim separately.
There is a detailed list of coverage limitations in the insurance policy you will receive. Generally speaking, public liability does not encompass the following activities/situations:
- Willful or deliberate non-compliance of any statutory provision.
- War.
- Ionizing radiation & nuclear group of perils.
- Damages or injuries to employees.
- Losses of financial nature.
- Dues, penalties, exemplary and/or punitive damages.
- Losses coming from personal injuries (like libel and defamation) and infringement of plans
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The costs of public liability insurance differ depending on:
- The nature of your business
- What amount of protection you want
- Who offers the coverage.
The primary factor for insurance companies is the amount of risk. Levels of public liability cover vary and the amount you need to get depends upon the sort of work you do and the area in which you work.
For instance, if your business engages with the public or conducts high-risk endeavors, you will likely need more coverage.
Public liability insurance is a compulsory form of insurance policy in Cyprus. It protects from lawsuits by third parties against negligence, demise, injury, loss and damage of property, and financial loss.
Public liability insurance is particularly essential if your business involves working with the general public.
For instance, you might run a barber’s shop, a grocery store or offer consulting services. If a customer files a lawsuit due to an unfortunate accident while receiving your services, public liability cover ensures that you won’t be left footing the tab by yourself.
To get an excellent deal on company liability insurance, give us a call, write us an email, or fill out the form on our website. Simply give us a handful of details about yourself and your company, and we’ll take care of the rest.
We’ll look for some of the best price quotes on the market in no time, and we’ll help you compare various insurance options to select the right package for you.
