What is Landowners’ Liability Insurance?
Public Liability Insurance for landowners is a cover designed to protect the landowner in the event of a claim arising from an incident that causes injury or other damage to a member of the public while on the land.
A policy can be tailored to your needs, but typically protects the landowner against the legal costs of defending a claim as well as any payment to a member of the public in the event that their claim is found to be valid.
Typically, a Landowners Liability Insurance policy offers three standard levels of cover at £1m, £2m and £5m, although increased cover can be offered where required.
Who needs Landowners’ Liability Insurance?
We live in an increasingly litigious society. Members of the public who access your land, with your permission or otherwise, may be minded to make a claim against you in the event that they are hurt or otherwise injured while on your property.
Landowners’ Public Liability Insurance should be considered if you own or manage a piece of land. It might be a field, some building land, a private road or car park.
Insuring vacant land:
Insuring vacant land might sound like a waste of money. But if there is any likelihood that members of the public could access or use it, taking out a Landowners’ Public Liability Insurance policy can provide cost effective protection should any claim be made.
How much does Landowners Liability Insurance cost?
There are a number of factors that need to be considered in establishing the cost of a Landowners Public Liability Insurance policy. The size of the plot, together with its location, use and any hazardous features must be taken into account.
Other factors that need to be considered include whether your land has public rights of way across it. If your land has a bridleway or footpath across it, for example, it may be reasonable to assume that there’s an increased risk. Conversely, if you can demonstrate that regular, professional maintenance of the land is undertaken and that risk assessments are carried out, it may be that the premium can be reduced to reflect this.
To get a quote for insuring your piece of land, call us today.
Why choose JMG Insurance for your Landowners Public Liability Insurance policy?
JMG Insurance is an established Insurance Broker with extensive experience in finding the right landowners liability insurance policy for our clients. We take time to understand your precise needs, ensuring you only pay for the protection that you need. We have access to a whole range of policies from leading UK Insurers.
We can provide quick quotes and our broking team can offer you advice on policy wording should you require it.