What is it?
Public liability insurance covers you for any compensation that your business needs to pay when they are sued for third party injury and/or property damage. An unforeseen incident while on your premises or obtaining services from you can get you sued for a hefty amount. A public liability insurance protects you from paying this amount and helps you with the payment.

Why do you need it?
Public liability insurance is the basic insurance that is a necessity when you are building your business or drafting a contract agreement. It protects your business and save money for it and hence is almost like a necessary insurance that should be in your policies.