Public Liability Insurance and Products Liability Insurance covers your Queensland business against legal costs and compensation payments resulting from injuries or property damage to your clients, contractors or members of the public which was caused by you or one of your employees. If you are a manufacturer or distributor of a product you may also be liable for the failure of those products that you sell under the Trade Practices Act.
If you own a business, you may be liable for damage or injury to another person or property. Even though liability insurance is optional in most cases, it is strongly recommended for businesses in all industries as the likelihood of being sued for negligence is unpredictable and potentially very costly.
Public Liability Insurance would cover the compensation payment plus any legal expenses. Even when you do everything right there is always the chance of an unfortunate accident happening. You may need public and/or products liability for the following reasons:
A good way of assessing a product or public liability risk systematically is to consider the following general risks for each business location, but also consider any additional risks particular to the business in question:
Our Brisbane Insurance Brokers can help you get the right insurance cover by assessing your specific needs and recommending the best value insurance solution for your business, whilst still maintaining the highest standard of cover. We offer risk management services as part of our insurance broking practices, allowing us to review risks specific to your business and find you the public liability insurance cover that is most suitable to you.
Surround yourself with professionals who make your life easier, when you call through to us – this is our objective.