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Liability Insurance

Businesses have a duty of care to their customers and the general public. Public and Product Liability Insurance protects businesses against the cost of compensating third parties if they suffer bodily injury or damage to property and for which their business is responsible. This cover pays for the claimants’ legal costs, the cost of defending the action as well as the cost of compensation awarded to the third party.

Why Do I Need Public Liability Insurance?

It is impossible to eliminate all risks if you are running a business. However, the law states that if you cause INJURY OR DAMAGE to someone or their property then you will have to pay compensation, which in the worst case scenarios, could run to many millions of dollars. By taking out PUBLIC LIABILITY you are protecting your business against going bankrupt should the worst happen. The insurer will pay the claim and any legal fees. The knowledge that your business is protected will also give you the confidence to concentrate on the running of your business, rather than concerning yourself with “worst case scenarios”.

What About Product Liability Insurance?

If you sell, supply or deliver goods, even in the form of repair or service, you may need cover against claims of goods causing injury or damage. Product liability insurance covers damage or injury caused to another business or person by the failure of your product or the product you are selling.

How Can Our Public Liability Insurance Brokers Assist You With Contractual Liability?

As your insurance broker we are be able to advise on the insurance coverage that you have. We can also arrange for a specialist third party to complete any necessary legal reviews— which are outside our area of expertise.

Public and Products Liability Insurance

Public and products liability insurance protects you against your legal liability to customers, clients or members of the public. The cover will include protection for bodily injury or property damage to a third party, which has occurred as a result of a businesses’ activities and products. 

Environmental Liability Insurance (ELI)

ELI can cover any costs you might be liable to pay due to damage caused by environmental accidents, which includes pollution to land, water and the air, as well as biodiversity damage.

Products Recall Insurance: Errors and Omissions Insurance

Products Recall Insurance assists with the financial costs a business faces if they need to recall a product because of a fault or contamination.

Contractual Liability Insurance

Contractual liability refers to the liability that a party assumes on behalf of another via a contract. Contractual Liability Insurance offers a form of financial protection against this type of professional risk. 

 

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