Claims for injury or property damage, regardless of whether they are successful, can have a devastating effect on your business’ finances.

Accidents can and do happen, so it is important to ensure you have adequate Public and Products Liability Insurance in place to protect your business.  Without adequate cover you may be up for potentially hundreds of thousands of dollars to pay for a claim. In addition, consider the legal costs that can be incurred in defending a claim, or the general disruption to your business.

Public and products liability go hand in hand and cannot be separated from each other.

Public liability covers injury to others or damage to their property as a result of your business operating. Often accidents occur unexpectedly and can result in substantial claims. Whereas product liability provides cover for claims that are related to the products you manufacture or sell. It covers your legal liability should a bystander, buyer or any user sustain an injury or property damage due to a defect or malfunction of your property.

Reviewing your business with your insurance broker will help you determine what level of cover you require cover for your individual requirements.