Our insurance brokers' approach to risk management helps you to achieve the right level of public and product liability insurance cover. We take the time to gain a deep understanding of your business and industry, and work in partnership with your team to implement a robust risk management program that protects you now and into the future.
No business or industry is without some degree of risk. Managing the risks inherent in your business enhances organisational wellbeing and represents real security for you, your staff and your business when the unexpected happens.
Public liability insurance is something we recommend for all businesses that interact with the public, even in small ways. This cover offers protection for you, your staff and members of the public, by covering financial costs involved if a third party seeks compensation for your negligent actions.
Connect with us to request a public liability insurance quote or proposal. Our insurance brokers have the expertise and experience to obtain the insurance cover you need.
What is public liability insurance?
If you or your staff have been negligent in the workplace and a third party (not an employee) is injured physically or psychologically, had their property damaged or suffered financial loss, they may sue you for money to compensate them for their injury or loss. Negligence may be established if it can be shown that your actions failed to demonstrate reasonable care for others. Of course, the claimant will need to evidence your negligence and their loss, and the claim may not be successful. You will, however, still need to defend against such claims.
What does public liability insurance cover?
Public liability insurance covers you for the financial loss you incur in legal costs and any amount payable in compensation when you are defending a claim of negligence made against you or your staff.
This cover has the capacity to save you and your business thousands of dollars in legal fees and may represent the difference between the success or failure of your organisation.
Who needs public liability insurance?
If you deal with members of the public in any capacity at your place of business you need insurance that protects you in the event of an accident or unexpected outcome. Public liability insurance protects against your legal liability to customers, clients and members of the public, i.e. third parties (not employees) for:
- Bodily injury
- Property damage arising out of the business's activities or products
In addition to damages awarded or out of court settlement costs, the policy covers the legal costs of investigating and defending a claim made against you, your staff and/or your business — costs that can often match or exceed the damages payable.
Even if you are innocent and found not negligent, the process involves significant legal costs. Public indemnity cover protects you against both actual negligence and allegations of negligence — even if the allegations are unproved.
