Public Liability Insurance in Australia – What’s expected

As an Aussie business owner it’s important to understand what it expected and what is needed when it comes to Public Liability Insurance for your business.

What does Public Liability Insurance mean in Australia?

In Australia, Public Liability Insurance is the cover which refers to damage, illness or injury that is caused to a third party through the actions of your business. For example, it can help to pay for insured events that result in medical bills for third parties, rehabilitation costs, repair or replacement of third party property, and loss of income due to your actions. It’s important to note that this cover is in place for insured events that occur on the spot, not after you have completed your work project. For works completed, consider Product Liability Insurance.

Penalties caused to clients, customers, visitors and even passers-by can occur at any time. If you are not protected adequately you may find yourself in a legal battle and footing the costs yourself for any compensation awarded to the party claiming a loss.

In Australia, Public Liability Insurance the most common type of insurance taken out by businesses, large and small. This can be attributed to the fact that risks can be high and potential losses can be financially devastating for an uninsured business.

When do Australians need Public Liability Insurance?

Consider Public Liability Insurance if:

• You own a business which operates with employees, their actions are your responsibility
• You have visitors to your premises such as clients or general public close by
• You work from home however people visit you
• You work at different work sites, and people also work there with you or whilst you work

Public Liability Insurance in Australia can cover not only you, but also your apprentices, other directors or owners, partners, employees, and volunteers.

How much insurance should I get?

When it comes to determining how much insurance to obtain, it’s best to look at a number of factors including but not limited to:

• Business size
• Your business operation and task risks
• Your location/s
• If you have employees
• Potential liabilities

All Trades Cover specializes in Public Liability Insurance for Australian businesses. Try the quick online quote system and practical information on the website for guidance as a first step. All Trades Cover can help you find the right insurance package in Australia. For an insurance quote, contact All Trades Cover today on 1300 826 850 or fill in our easy online form.