How Much Public Liability Insurance Cover Should I Have?

How much cover do I need?

When you arranging your public liability insurance, one of the first things you will be asked to decide is how much cover should you have?

How much cover is available?

Most Australian insurers offer $5 Million, $10 Million and $20 Million dollars worth of cover,  some may even go as high $30 Million.

That seems like a lot of cover, but Steve Sloan from Insure 247 explains why it's so high and what to consider.

What does it cover?

Public liability insurance covers your business against claims of property damage or personal injury as a result of your business activities.  While most claims are for property damage and of a low value, they can be high, for instance in the case of a catastrophic loss like your business activities causing a fire.

Personal injury claims are far more complex but they can be more expensive in the long run, for example you maybe sued for the loss of future income of the claimants.

Consider this*

If your dealing with the public $5 Million is now the minimum offered, if your dealing business to business you should consider $10 Million and if you are dealing with local, state or federal government, shopping centres or mining companies they will generally ask for $20 Million.

If you are still unsure ask your broker or call the team on 1300 046 787

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Lets get you covered

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Publiclaibiltycomparison.com.au is brought to you by Insure 247 to assist Australian business compare Public Liability Insurance quotes from leading Australian Business Insurers :

Insure 247 Pty Ltd ACN 612944215 an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.

Please read our FSG 

Your Quotes will come from specialist licensed to act on your behalf to find you a number of options with leading Australian insurers

Insure 247 operates Publiclaibiltycomparison.com.au

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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

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