Public Liability cover protects you in the event of a claim from a member of the public whether it is in injury, property damage and associated financial loss. Any business that has any interaction with the public should have Public Liability cover.
Insurers base their premium on a number of factors however initially they will consider the description of your business and what you do. It is important that the information you give them incorporates all your activities, both at your premises and away from your premises. Otherwise Insurers will not settle any claims for activities outside this definition.
If you are a manufacturer or supplier involved in the selling of goods or repair or service goods it is important that your policy includes Products Liability cover. Products Liability covers your liability arising out of the supply of goods.
The level of cover given for both Public and Products Liability is subject to the Limit of Indemnity agreed on between you, the client, and Insurers.
Liability arising out of advice or from faulty specification would not be covered under this policy and would warrant Professional Indemnity cover.