What is public liability insurance

What is public liability insurance

WHAT IS PUBLIC LIABILITY INSURANCE AND WHY DO AUSTRALIAN BUSINESSES NEED THE COVER?

If clients visit your business or your employees visit client sites you are at risk of a third party claim, that claim  may be for personal injury or property damage.

WHAT IF YOU ARE A HOME BASED BUSINESS?

Most home policies will include a liability component, however this would be void if the third party was visiting your home for your businesses activities.

IS PUBLIC LIABILITY INSURANCE A LEGAL REQUIREMENT?

Not for all businesses in Australia, but unless you can afford to pay for a multi million dollar claim, liability cover may be considered an essential item on your business budget. Even the Australian government Liability insurance urge businesses to seek the cover.

Read more about product liability on the Australian Competition and Consumer Commission website.

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• See information about insurance in your state or territory.
• Compare Public Liability Insurance Quotes from leading Australian Insurers

Written by

Stephen Sloan