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 Steve Sloan a broker with Insure 247 “It will depend on your occupation, risk exposure, and legal requirements”
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.”
At insuretradies.com.au we quote broadform liability cover, this covers your business against claims for personal injury to another person (other than employees) or damage to property owned or controlled by someone else, or advertising liability. Property damage, personal injury or advertising liability which gives rise to legal liability must happen during the period of insurance and be caused by an occurrence in connection with your business activities, Broadform also cover product liability.