Protects businesses from damages to othersSelect the correct termRisk assessmentPublic liability insuranceWorksafe insurancePremium

To determine the correct term that protects businesses from damages to others, let’s evaluate the options provided:

1. Risk assessment: This refers to the process of identifying and analyzing potential issues that could negatively impact key business initiatives or projects. It doesn't provide protection in itself, but it helps in understanding risks.

2. Public liability insurance: This is a type of insurance that protects businesses against claims for injury or damage suffered by third parties due to the business's activities. It is specifically designed to cover damages to others, making it a suitable choice.

3. Worksafe insurance: Often referred to as workers' compensation insurance, this protects businesses against claims from employees who might get injured or become ill as a result of their work. It does not cover damages to third parties.

4. Premium: This refers to the amount paid for an insurance policy. It is not a term that relates specifically to protecting businesses from damages.

Final Answer

The correct term is Public liability insurance, as it specifically provides protection to businesses against claims of damages they may cause to others.