The Public Liability Insurance is arranged to cover the insured against legal liability to third parties arising from accidental death or bodily injury to any person (excluding the employees) or damage to property whilst carrying on their normal business at the Insured’s premises as a result of their negligence or that of any person for whose acts they are responsible.  Public liability policies are usually arranged subject to selected or stated limit of liability which is arrived at after taking into consideration the likely magnitude of the risk-exposure.