Public and Products Liability
Public and Products Liability
Public Liability protects you and your business against financial loss arising from your legal liability to pay compensation to a third party when they have suffered a personal injury, property damage or an advertising injury.
Product liability insurance protects you against the cost of compensation for: personal injuries caused by your faulty product, loss of or damage to property caused by your faulty product, unforseeable circumstances such as product faults that your quality control system could not identify.
Is Public Liability Insurance Compulsory in Australia?
Public Liability Insurance is not required by law in Australia, however, the Australian Government through www.business.gov.au explain “If you own a business, you may be liable for damages or injuries to another person or property. Though liability insurance is optional in most cases, it is strongly recommended for businesses in all industries as the likelihood of being sued is unpredictable and potentially very costly. Public liability insurance protects you and your business against the financial risk of being found liable for negligence. Negligence is causing reasonably foreseeable harm”.
General Advice
Please read our General Advice Information Page when considering purchasing an insurance product.