What is Public Liability Insurance?
Public Liability Insurance is a policy designed to protect you and your business from claims made against you for loss, including compensation you are forced to pay as a result of your negligence. It may have been a claim for an accident you have caused, but could also extend to misleading advertising or even copyright infringement.
What does Public Liability Insurance cover?
Public Liability Insurance may cover you against successful claims, third party injury/medical expenses, property damage and your legal and defence expenses.
Public Liability Insurance Example
You operate a small insulation installation firm and you’ve recently had a claim lodged against you from a home owner. They are claiming damages from a house fire caused by poorly installed insulation adjacent to downlights.
You can rest assured, knowing your public liability insurance policy has you covered for your legal expenses and potential claim settlement.