As a business owner, you are responsible for any financial loss, damage, or injury caused to another person or property as a result of your business activities or products.
Even if harm is not intentional or directly your fault, accidents can occur. It’s crucial to be properly protected.
Public Liability Insurance safeguards you and your business from the financial risks associated with being held liable for a third party's injury or death, damage to property, or economic loss due to your negligence.
Do I need Public Liability Insurance?
The risk of incidents is unpredictable, and the legal costs that can arise from such events may be financially burdensome.
As a business owner, you have a duty of care to any third party involved with your business and its activities. Therefore, Public Liability Insurance is strongly advised for businesses of all types and across every industry.
What does this Insurance cover?
A Public Liability Insurance policy will typically cover you for:
- Legal representation costs incurred during the settlement of a claim
- Injury or damage to a third party caused by your business' activities
- Damage caused by your business to someone else’s property
- Loss and damage of goods
Important Tips
Alongside Public Liability Insurance, if your business involves selling or delivering goods, you should also consider Product Liability Insurance. This type of insurance is designed for individuals and businesses that supply products to customers. It provides protection in the event that your goods cause personal injury, death, or damage to a member of the public, including customers, suppliers, delivery drivers, and clients.
General Advice Warning
The information provided on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice on this website is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making a decision based on this advice you should consider whether it is appropriate to your particular circumstances.
Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a disclosure document, including the Product Disclosure Statement (PDS) and, where available, Target Market Determination (TMD) relating to the product and consider the content before making any decision about whether to acquire the product.
Authorised by Clearlake Insurance Brokers ABN 16 651 113 861 AFSL 559829
How Clearlake Insurance can help
At Clearlake Insurance, we recognise the daily risks faced by business owners. Our experienced insurance brokers and dedicated claims team are committed to providing tailored risk advice, exceptional service, and a robust insurance programme that you can rely on when you need it most.
For more information or to arrange cover, please contact us on 02 9037 8970 or simply fill out the form below and one of our insurance brokers will get in touch shortly.
