Four Indicators That Your Business Needs Public Liability Insurance In Australia
Public liability insurance is a type of commercial insurance that protects the business against claims for damage or injury caused by the business's products or services.
Here are five indicators that your business needs public liability insurance in Australia;
1. Your Business Needs Public Liability Insurance If Your Business Has Face-To-Face Customers
If your business has face-to-face customers, then you should have public liability insurance coverage. People who visit your place of business may sustain injuries while they're there — whether they slip on an uneven floor or fall off the equipment that you provide. These types of incidents can result in lawsuits against your company if someone decides to sue you for their injuries.
2. Your Business Needs Public Liability Insurance If Your Business Operates Vehicles On Public Roads
If your company operates vehicles on public roads, then it needs public liability insurance coverage. You could be held liable for damages if one of your employees causes an accident by driving recklessly or without a proper license and registration. Public liability insurance covers your business in the event that you're liable for the actions of your employees or agents.
3. Your Business Needs Public Liability Insurance If You Provide Food & Beverage Services At Events
If you provide food and beverage services at events, then you need public liability insurance coverage. Accidents can happen while people are eating, drinking or simply walking around the area where your business is located — meaning that it's possible for someone to sustain injuries while on your property.
4. Your Business Needs Public Liability Insurance If You Have Employees
If you employ people, then you need public liability insurance. Employees can cause accidents or injuries to other people through negligence or carelessness. If this happens, your employees could be held liable for any resulting damage or injury. Public liability insurance will cover these costs if they occur while the employee was acting within the scope of their employment.
5. Your Business Needs Public Liability Insurance If You're A Contractor
If you're working on someone else's premises or property, such as fixing their roof or cleaning their windows, then they could hold you legally liable if anything goes wrong with their property while you're working on it. Public liability insurance will cover this risk so that any legal fees or compensation paid out by the court will be covered by the policy rather than coming out of your pocket.
You may already have public liability insurance through your home contents insurance, but if you're a sole trader or run a small business, it's important to consider getting some extra cover. Chat with a member of the team about updating your public liability insurance today.