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Distinguish between employer’s liability insurance and public liability insurance: (i) Employer’s liability insurance (ii) Public liability insurance - Leaving Cert Business - Question 4 - 2007
Question 4
Distinguish between employer’s liability insurance and public liability insurance: (i) Employer’s liability insurance (ii) Public liability insurance
Worked Solution & Example Answer:Distinguish between employer’s liability insurance and public liability insurance: (i) Employer’s liability insurance (ii) Public liability insurance - Leaving Cert Business - Question 4 - 2007
Step 1
Employer’s liability insurance
Answer
Employer’s liability insurance is designed to protect employers against claims made by employees who have sustained injuries while at work. This type of insurance covers the legal costs and any compensation that may be awarded to employees who are injured due to workplace conditions or employer negligence.
Step 2
Public liability insurance
Answer
Public liability insurance protects businesses from claims made by members of the public who have suffered loss or injury on the business's premises. This can include incidents such as customers slipping and falling in a store, and it helps cover legal costs and compensation claims against the business.