Liability for injury/ damage arising from ownership or occupation of premises. The ‘premises risk’ is covered under public liability insurance. For some types of business, e.g. hotels and cinemas, it is the central risk. In other cases, e.g. electrical contractors, the risk is minimal as most work is done away from the premises. See also PUBLIC ACCESS RISKS; OCCUPIERS’ LIABILITY ACT 1957; OCCUPIERS’ LIABILITY ACT 1984.