image



What is public liability insurance & why would I need it?

 

The importance of Public Liability

As a small business owner you have a responsibility to third parties - customers, employees, suppliers and the community; and third party property. If you are held accountable for grievances, this can negatively impact your reputation and finances.

 

Choice of cover options

There is a range of Public Liability solutions that offer choice and are easy to understand, and allow you to select the cover that is right for you. These options include Products Liability, which is often included when purchasing Public Liability cover.

Options available are for limits of indemnity of $5 Million, $10 Million, $20 Million or $50 Million.

This cover aims to protect you for amounts which you are liable to pay for personal injury and property damage to third parties in connection with your business.

 

What is covered

You select the Limit of Indemnity cover that you need for your business which covers you in the event that you become legally liable to pay compensation for personal injury and/or property damage. Coverage can be provided if it occurs within Australia, and overseas in certain circumstances, as a result of an occurrence in connection with your business.

  What is Personal Injury Cover?

   

     What is Property Damage Cover?

  • Death, bodily injury, sickness, disease, disability, shock, fright, mental anguish and mental injury
  • False arrest, wrongful detention or imprisonment, and malicious prosecution
  • Wrongful eviction
  • Libel, slander, defamation of character or invasion of the right of privacy, occurring during the period of insurance.
   
  • Actual physical loss of or physical destruction of tangible property
  • The loss of use of tangible property which has not been physically damaged but cannot be used due to physical damage to other tangible property which occurs during the period of insurance.

 

Who Needs Public Liability Insurance?

 

How much does Public Liability Insurance Cost?

 

Tips & Traps when signing Contracts