I'm trying to rent out a dance studio and I received an email. I'm not quite sure what it means as I thought public liability insurances was protection for a business from a third party suing them. The email stated the following:
'With all of our studio bookings, we require that you have public liability insurance with a general indemnity to principal clause amounting to a minimum of €2.6 million. We must be explicitly named as a principal on the policy. Should you already have public liability cover it may just be a case of adding us as a nominated principal in the general indemnity clause. Some larger policies will extend indemnity cover to all principals, in this case, we do not require us to be explicitly named. We will require a copy of your policy, with the aforementioned indemnity, in advance of your booking'