According to QBE Insurance, 87% of small business owners agree that a liability claim has the potential to put them out of business, cause them to lose revenue, or dry up cash flow.
Yet despite these risky stats, 62 per cent of SMEs said they are unlikely to have the right insurance in place to protect their business.
Public Liability Claims
And an analysis of QBE claims data revealed that roofing services was the highest claiming sector for liability claims in the past three years2.
1Pureprofile research study of 609 Australian SMEs completed for QBE Insurance during April 2019
2QBE liability claims data 2015 to April 2019, based on the frequency of claims
Public Liability for small and medium businesses
If you are a small or medium-sized business with up to $20 million turnover and property assets valued under $10 million, our business packages policy is designed to protect businesses like yours.
What is public liability insurance?
If clients visit your business or your employees visit client sites you are at risk of a third party claim, that claim may be for personal injury or property damage.
Why do Australian Businesses need the cover?
Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage to property or economic loss resulting from your negligence.
PUBLIC AND PRODUCTS LIABILITY INSURANCE COMPARED
Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs
Public Liability for Restaurants
Insure 247 Ausure Insurance Brokers Pty Ltd T/as Insure 247 Authorised Representative of Ausure Pty Ltd AFSL 238433..
Ways to Avoid Liability Claims
5 ways to ensure your business does not stumble trip and fall
Trip and fall, it can all happen so quickly – a customer catches their foot on a chair leg, or slips when coming in from the rain – but your business is left dealing with the legal and financial fallout for months.
Whether you have a restaurant, a shop, an office or work from home – if a customer is on your premises, generally you’re responsible for their safety.