Belize Liability Insurance

What Is It?

As the owner of a home or business, you have a legal responsibility to ensure the safety of visitors and employees while they are on your premises. A liability policy from RF&G Insurance covers you against legal costs and awards resulting from third party claims for bodily injury, medical costs and damage to someone else’s property.

How Does It Work?

  1. You run a dry cleaning business. A customer comes in to pick up some clothes, but trips over a loose bit of flooring in your shop. Your RF&G Public liability insurance policy would cover your business if the customer claimed for injuries sustained as a result of the un-maintained floor.
  2. You are a self-employed IT support technician. Whilst at a customer’s site, you accidentally knock over a cup of coffee, and the contents pour down the back of a computer, damaging it beyond repair. Your RF&G Public liability insurance would cover you against a claim for damages.

How much cover do I need?

This will depend on the nature and size of your business operation. Many small businesses may have $1M of public liability insurance cover – this may sound a lot, but if you suddenly have several claims against you, the costs can mount up. Despite the seemingly large amount of cover, typical premiums are not high.

Types of Liability Insurance:

Public Liability Insurance

This form of liability insurance covers you against third party claims in your home or business for non-employees. It will also protect you during business operations where you or your employees may cause damage to a person or their property.

Employers Liability Insurance

This liability insurance protects you against any claims that might be brought against you should an employee injure themselves at work due to your negligence, or fall ill due to hazardous working conditions.

Professional Indemnity Insurance

This policy protects you against claims that you have provided incorrect advice or negligent services to a customer.