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Public and Product Liability Insurance

Public Liability Insurance and product liability insurance covers your business for claims arising from bodily injury, defamation or property damage.

This can cover you whether it happens on your business site or as a result of the use of the products you make.

When you make or do something that has the potential to cause damage in ANY way, you need Public and Product Liability Insurance. If something that you are responsible for hurts someone, you are liable to pay compensation for personal injury.

This can cover physical and property damage. You are also liable if you hurt someone professionally by using their image or products without permission or in the wrong way.

Public and Product Liability is the name for the insurance you need to make sure your business stays running and your customers stay safe. Get a quote for your business here.


Product Liability Insurance in Australia

This includes damage or loss of other peoples’ goods in your care and control.

Example 1:
If you were running a warehousing company and you had a flood, things belonging to other people could be damaged or destroyed.

That would be an example of injuring someone financially by destroying their products.

Public & Product Liability Insurance covers you when things and people are damaged by what you make and do. Whether it is your fault or not.

Example 2:
Another way you could be held liable would be if you hurt someone on your premises. A very common cause for someone to sue for liability would be burns from scalding drinks at a coffee shop.

A person choking on a fish bone at a restaurant could end up in hospital and lose earnings. Either way, their condition and their medical costs or loss of income would be considered your fault. In other words, you would be liable.


Public Liability Insurance in Australia

Public Liability Insurance can also provide cover in the event that you damage someone’s reputation. This can be through misleading advertising, unfair comparisons of their services or use of their image or work without permission. It can cover what you do in print, on your website and even comments that you make on social media.

When it comes to their reputation, people can be extremely protective so you need to be very careful. However, they can also be very over-sensitive. Sometimes it doesn’t matter whether you are in the wrong or not. It is important that you have the right insurance in the event that someone decides to take things to court.

Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

Purchase up to six products under one Business Insurance Package. 

When it comes to their reputation, people can be extremely protective so you need to be very careful. However, they can also be very over-sensitive. Sometimes it doesn’t matter whether you are in the wrong or not. It is important that you have the right insurance in the event that someone decides to take things to court.

What does Public and Product Liability Insurance cover in Australia?

This type of insurance can cover a wide range of potential liabilities. Some of the most common types of coverage include:

Bodily injury: This type of coverage can protect you from being held liable for any injuries that occur as a result of your business operations. This can include accidents that occur on your property, as well as accidents that occur off of your property.

Property damage: This type of coverage can protect you from being held liable for any damage that your business operations may cause. This can include damage to someone else’s property, as well as damage to your own property.

Product liability: This type of coverage can protect you from being held liable for any injuries or damages that occur as a result of your products or services. This can include accidents that occur while using your products, as well as accidents that occur after someone has used your products.


What is the difference between Public and Product Liability Insurance in Australia?

Public liability insurance is designed to protect you from being held liable for any accidents or injuries that occur as a result of your business operations. This can include accidents that occur on your property, as well as accidents that occur off of your property. Product liability insurance is designed to protect you from being held liable for any injuries or damages that occur as a result of your products or services. This can include accidents that occur while using your products, as well as accidents that occur after someone has used your products.

Both public and product liability insurance are important for businesses, but they each provide different types of coverage. It is important to understand the difference between the two so that you can make sure you have the right type of insurance for your business.

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.


SureInsure Insurance Advisors, ABN 11 642 332 698, AFSL 525177

This article originally appeared on SureInsure Blogs and has been published here with permission.

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