Public liability / insurance
A company has public liability so they are protected against any issues regarding injury or damages. in event of an incident or a mistake that has occurred which may cause injury to a member of the public or the consumer or witch may damage their property, public liability pays out in an event of this. it is paid by insurance companies.
Insurance is very important in general as if an accident occurs they have financial insurance against that event. it means that they can replace lost assets or cover the costs of being sued.
An up to date copy of the universities insurance policy can be found on the learning network.
