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Home > Public Liability Insurance in Portugal: Quick Guide

Public Liability Insurance in Portugal: Quick Guide

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Published at 30 October 2023

Navigating the complex world of business insurance can often feel daunting, however, understanding each type is essential. Public Liability Insurance is an essential policy for many. Let's delve deeper into this policy.

What is Public Liability Insurance (Seguro de Responsabilidade Civil Exploração)?

Public Liability Insurance provides coverage for businesses against claims arising from injuries or property damage to third parties due to business operations. It caters to legal fees, settlements, and any related expenses for incidents occurring on business premises or as a result of business activities.

Does my Small Business in Portugal Need Public Liability Insurance?

If your business interacts with the public – whether you have a physical location that customers visit or you operate at client locations – this insurance is crucial. It's indispensable for retail stores, restaurants, contractors, and more.

Benefits of Public Liability Insurance:

  • Financial Protection: Shield against potential hefty legal fees and compensation claims.
  • Business Reputation: Demonstrating foresight by having this coverage showcases your dedication to safeguarding both your business and the public.
  • Peace of Mind: Operate with the assurance that public-related mishaps won't financially destabilize your business.

How to Obtain Public Liability Insurance in Portugal:

1. Risk Assessment: Identify the potential risks associated with your specific business type and interactions with the public.

2. Seek Expert Guidance: Engage with seasoned insurance brokers or agents knowledgeable about Portuguese norms.

3. Compare Policies: Acquire quotes from diverse insurers to secure optimal coverage at an attractive rate.

4. Regular Reviews: Continuously assess your policy to ensure its alignment with your business's evolving nature and potential risks.

Linking to Other Business Insurance Types:

To enrich your understanding of business insurances in Portugal, immerse yourself in our detailed guide on business insurance in Portugal.

FAQs on Public Liability Insurance:

Is this insurance mandatory for businesses in Portugal?

While not universally obligatory, certain sectors and businesses with high public interaction may find it mandatory. Always align with local regulations.

How does Public Liability Insurance differ from Professional Liability Insurance?

While both cover legal costs and claims, Public Liability focuses on injuries or property damage to third parties due to business operations, while Professional Liability covers errors in professional services.

Can I combine Public Liability with other insurance types?

Yes, insurers often offer combined packages or policies that integrate Public Liability with other coverages, providing a more holistic safeguard.

What incidents are typically covered under this insurance?

This insurance generally covers incidents like a customer tripping over a loose wire at your premises, damage to a client's property while you're providing a service, among others.

Are there any exclusions to Public Liability Insurance?

Yes, there are often exclusions. For instance, damage to your property or injuries to your employees typically won't be covered. Always review policy details thoroughly.

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Rauva is partnered with Swan who will be providing all payment services to Rauva clients. Rauva does not have access to client funds. Funds are kept in accounts provided by Swan, held in BNP Paribas. Swan is an EMI, based in France, supervised, and regulated by ACPR/Banque de France. Swan is authorized to carry out such services in Portugal and registered with Banco de Portugal under the registration number 7893.
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