Covers compensation you legally have to pay when your business activities cause injury to a third party or damage to their property. Required by most commercial leases, government contracts, and trade certifications.
A customer slipped on a wet floor in a hairdresser's, broke their wrist, and was awarded $85,000 in damages plus $40,000 in legal costs. Public Liability paid both.
The limit is the most an insurer will pay for any one claim. Going from $10 million to $20 million typically adds 10 to 15 per cent to the premium and doubles the protection.
These are the real questions, and why each one changes your premium. Our chat walks through them with you.
Hot works are the leading cause of commercial fires. Insurers either exclude them or charge a loading and require a permit system. A roofer sealing a membrane with a blowtorch started a fire that gutted a building six hours later.
Falls are the biggest cause of construction fatalities. Up to 2 metres is standard, 2 to 10 metres is rated, and above 10 metres usually needs specialist underwriting.
An uninsured subcontractor becomes your problem. Insurers price this heavily and some want evidence of the subcontractor’s own policy.
Most Public Liability claims start with somebody who was allowed on site. A trade that never has visitors is rated very differently from a shopfront.
Damage to a customer’s property while you are working on it is not automatically covered. It is a separate extension with its own limit.
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This page is general information only and does not take your objectives, financial situation or needs into account. Consider the Product Disclosure Statement before deciding. Cover is subject to the insurer’s terms and acceptance.