Public and Products Liability Insurance
Accidental injury or property damage in the workplace can potentially be very expensive. Public and products liability insurance covers an insured business for loss or damages a third party suffers (or claims to have suffered) as a result of an insured business's activities.
Products liability protects manufacturers, distributors, suppliers, retailers and others who make products available to the public. These companies will be held responsible for the injuries the products can cause which could include death from consuming the said products. It is designed to protect you against claims of personal injury or property damage caused by the products which are supplied or sold by your business.
Our brokers recommend that any business that supplies products to have public and products liability insurance policy, even with products that may be deemed safe. At Peter Cameron Insurance Broker, we believe it’s essential to cover yourself adequately and be insured with public and products liability insurance to protect your business in the event of a claim that your item malfunctions, fails or causes harm to the public.
Learn how Peter Cameron Insurance Broker can help you
The laws in Australia hold us responsible if we cause others loss, injury or damage. This is described as your legal liability. Claims of personal injury or property damage arising from product use or product failure can be incredibly expensive.
At Peter Cameron Insurance Broker, we can help to ensure your risk is managed in the best possible way and staying protected with public and products liability insurance policy covers these exposed risks.
Benefits in this policy may include:
- Defence costs and expenses
- Tenants liability
- Personal injury
- Property damage
- Advertising liability
- Legal liability to third parties
Why is Public & Products Liability important?
Public and products liability insurance is a specialised product policy and should be arranged through a broker with extensive knowledge in this area. This policy safeguards your business by providing cover against such claims, including legal defence costs – in that way, you can confidently get on with work, knowing that you’re protected if something goes wrong.
Products Liability claim example:
A claim was filed against the manufacturer of a “dunk tank” game used at carnivals. A school used the game for its annual carnival. While in use, the game malfunctioned and injured the person sitting inside the tank.
Public Liability claim example:
Injuries to a third-party due to uneven sidewalks, driveways, paths, steps, or stairs. For example, a customer who trips on a loose brick in a walkway could open a claim for injuries.
It is not surprising that the majority of businesses choose to protect themselves from the unknown and unforeseen costs when conducting business. At Peter Cameron Insurance Broker, we can help to mitigate your risks and minimise what can be a significant financial impact on your business should the unexpected happen.
How confident are you that your Insurance Risks are adequately covered?
Peter Cameron Insurance Broker aims to arrange the most appropriate cover for you by providing tailored solutions to suit your business needs. We will also support and assist you, in the event of a claim.
Speak to us to ensure your business is protected with appropriate Liability insurance today.
*Please note all insurance policies have exclusions. Please refer to the Product Disclosure Statement or Policy Wording before deciding whether the insurance policy meets your needs.