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How Much Public Liability Insurance Do You Need?

In Australia, insurers generally offer $5 Million, $10 million and $20 million dollar cover options, but how much public liability insurance do you need? According to Adam Sloan, Broker at Ausure Insurance Brokers and owner of Insure Tradies, “It will depend on your occupation, risk exposure, and legal requirements but is an essential cover for ALL businesses, including small businesses, Sole traders and corporate entities.”

$5 Million Dollars Cover 

$5 million liability cover will offer minimal protection. If you operate a business with little exposure to the public it may be sufficient for you. However, most insurance brokers would recommend a minimum of $10 Million liability cover as Australia has become more and more litigious. While $5 Million may seem appealing because of the reduced premium, it is becoming less appropriate for businesses & will often not be enough to cover claims – particularly if they relate to personal injury.

$10 Million Dollars Cover

$10 million Liability cover will offer moderate protection and suit most businesses as a starting point. Particularly suitable for small businesses and sole traders.

$20 Million Dollars Cover 

$20 million is a more comprehensive cover. Businesses that have a high exposure to public, or companies that enter a local, state or federal government contract or work on one of their facilities should be selecting the $20 million Liability cover.

$50 Million Dollars Cover

While $50 Million is not a common option for most small and medium businesses, some international contracts require this higher amount of coverage if you do business with them.

Public Liability Insurer CGU explain, “Every business is different, and there is no ‘one size fits all’ rule for how much public liability insurance your business needs. Sometimes the amount of public liability insurance you need will be dictated by the contracts you work on – for example, some corporate and government contracts will stipulate a minimum amount of public liability.”


Insure Tradies quote Broadform liability wherever possible. This provides our clients both Product & Public liability insurance, meaning protection for a person, a business, an event, a contractor – even a community building. Product and Public Liability Insurance can assist with costs from legal action if they are found liable for death or injury, or loss or damage of property resulting from their negligence. Product liability extends to the product you sell.

Adam Sloan

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To chat to us about your Public Liability Insurance, contact InsureTradies today for an obligation-free chat – we’re here to help.

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