Public Liability Insurance

Public Liability Insurance is essential insurance for all businesses. It is crucial your policy reflects your business activities so you have liability insurance when you need it most.

What is it?

Public Liability Insurance provides you with protection for claims made against you in the course of running your business. Liability Insurance will provide cover for personal injury and property damage claims which are brought by members of the public, customers and other external parties.

The policy will provide cover for where you have been negligent and will also cover the cost of defending any claims against your business.

Who needs Public Liability Insurance?

Every business needs to ensure they have Public Liability Insurance. No matter what business you are in, there is a potential for claims and costly damages and legal fees. It should be the first insurance policy you have in place before you even commence trading.

What is covered?

Public Liability Insurance covers your business in the event there is a claim against you for Personal Injury and /or Property damage arising from your business activities. A Liability Insurance policy will cover you for your legal liability and will also extend to cover your legal defence costs to assist in defending the claim or settling the claim.

A typical example of a liability insurance claim is where a person slips and falls on your premises and sues you for breaching your duty of care.

To ensure your business is fully covered it is important you disclose all of your business activities to your insurer. For example, if you manufacture a product and also carry out installation services you must disclose all your activities. If you don't disclose all your business activities your insurer may deny your claim which could leave you with a substantial uninsured loss.

What's not covered?

Public Liability insurance does not cover:

Incidents or claims known prior to the policy commencing

Business conducted in the USA / Canada, unless agreed in writing

Injury to your employees which is workers compensation insurance

Claims arising from a professional services or advice (see Professional Indemnity)

Claims made against directors and officers (see Management Liability)

Claims arising from your digital network / data breach (see Cyber Insurance)

Claims arising from intentional acts

Your business becoming insolvent

To get a quote that provides you with the right cover it's important you speak with a liability insurance expert who can advise you on the type of Liability Insurance that is right for you.