What Does Public Liability Insurance Cover?
Public Liability insurance can cover everything from minor incidents right through to catastrophic accidents. A typical policy will cover:- Third Party damage claims for personal injury or property damage caused as a result of your business activities
- Legal costs and expenses incurred from defending your self and your business
- Investigation costs to investigate claim
- Medical costs and compensation payments arising from a claim. These can run into hundreds of thousands of dollars, depending on the severity of the injury or property damage
- Damage or loss of third party property in your custody, care or control
How Much Cover Do I Need For My Public Liability Insurance?
Each business will require a different sum insured, however, we would recommend an amount of no less than $10M. When deciding on a policy you should ask yourself the following questions:- Do any of your contracts require a minimum level of cover?
- Has your industry body set a minimum level of cover for membership?
- Does your business or trade licence require a minimum amount of cover?
- Do the terms of your lease require a minimum level of cover?
- Finally think about what your level of risk and exposure could be. What kind of accidents could occur and what could be the potential cost of a claim?
Phone 07 3340 6770 or get an online insurance quote now.