Public liability insurance (sometimes known as legal liability or broadform liability insurance) can cover you for your legal liability for personal injury to a person or damage to a person’s property caused by your business. (It is important to note that only third parties are covered under public liability insurance – not employees. Separate insurance is available to cover these types of claims in relation to employees.)
Products liability is also available under this type of cover. Products liability can provide cover for the legal liability arising from injury to people or damage to property arising from your products.
The types of situation that public liability insurance can cover include (for example):
• Accidental injury caused to a customer who trips over a power cord in your office and injures themself
• Damage to a neighbouring tenant’s property caused by a plumbing leak in your office
• Accidental damage to property caused by you or one of your employees during a visit to a client’s premises
and much more…
It is easy for many businesses to underestimate the amount of public liability cover they need. When you consider the size of legal fees involved in defending a claim and the potential for multiple claims to arise out of one occurrence, it is often the case that millions of dollars can be involved. With many years of experience in assisting claims of this nature, we can help you estimate the amount of cover that is suitable in your situation.
Contact us for expert advice about public liability insurance so your business is protected as it should be.
