Public Liability Insurance

[hon3ymonster]

Hi

We wanted to start a car valet company were we would do all the marketing/sales side and hire a freelance car valet to do the work.

The two guys we have to provide the car valet service have public liability insurance.

If some thing went wrong would their insurance be sufficient.

Thanks

 

[peteb]

well it wont protect you in the event someone sues you for the damage your sub-contractor may have done.

 

[Neg Covenant]

It will not be enought if the insurer thinks the loss may be your fault as opposed to the contractors, e.g. if the facilities or the equipment are the problem. Also, if there is an accident, the first person to get sued is the person who's name is on the title to the premises. therefore you should have appropriate public liability insurance.

You should also have employer's liability insirance if anybody employed by you (including yourself) will be on the premises.

You may also want to get cover for damage caused to cars or equipment through negligence. Public liability may or may not cover this.

Your insurance costs may be reduced if certain indemnities in the nature of indemnities to principals are included in your contractors' insurance.

At the end of the day, you need advice from a good insurance broker!