Things Every Business Owner Needs to Know About Commercial InsuranceThings Every Business Owner Needs to Know About Commercial Insurance

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Things Every Business Owner Needs to Know About Commercial Insurance

As a business owner, you have to know a lot of diverse information, and that includes understanding how commercial insurance works. Whether you are booking a policy for your fleet of vehicles or simply to cover your business in general, I want to help. Hi, my name is Katie, and I worked in business management and human resources for years. Recently, I stepped back to stay home with my kids, but as a creative and intellectual outlet, I decided to start this blog. I hope that you enjoy it, and if my posts are useful to you, please share them with your friends. I want to help as many people as possible.

Four Indicators That Your Business Needs Public Liability Insurance In Australia

16 August 2022
 Categories: , Blog

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.