Professional Indemnity Insurance
Protect your business financially in the event of personal accidents, injury or property damage resulting from any business activity and manufactured or supplied product.
What is public and products liability insurance?
Public and Products Liability Insurance covers your business in the event it causes injury, death, or property damage to a third party. Public Liability relates to accidents involving members of the public on your premises or due to your operations, while Products Liability covers harm caused by products you’ve manufactured, sold, or supplied. It is commonly used across legal, medical, consulting, and other service-based industries.
Depending on the policy, Public and Products Liability Insurance may include:
Exclusions can include contractual or commercial liabilities, unpaid fees, assumed duty or obligation, Directors & Officers amongst others. Additional exclusions and limits can vary depending on your insurer. Refer to your insurance broker and Product Disclosure Statement (PDS) for further information.
Understanding Public & Products Liability Insurance
Public and Products Liability Insurance is commonly required by any business that interacts with clients, the public, or supplies physical products. It’s especially relevant for retailers, tradies, event organisers, hospitality venues, and wholesalers. It is commonly held by accountants, engineers, architects, consultants, and allied health professionals.
Premiums depend on the size of your business, the nature of your operations, your claims history, and the amount of cover selected, level of risk, annual revenue, claims history, and coverage limits.
If an incident occurs, notify your NQIB broker as soon as possible. You may need to provide incident details, injury reports, photos, or legal notices. Your broker will support you throughout the claims process. Provide any complaints, legal correspondence, or documentation that supports the incident. Your broker will liaise with the insurer and provide support through the process.
Public and Products Liability Insurance is commonly paired with:
- Cyber Insurance
- Management Liability Insurance
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We work with you, so you have the confidence and peace of mind that come with understanding how you are protected by insurance.