Public Liability Insurance Compared

How Much Public Liability Insurance Do You Need?

How Much Public Liability Insurance Do You Need

How Much Public Liability Insurance Do You Need?

In Australia insurers generally offer 5 Million, 10 million and 20 million dollar cover options, but how much public liability insurance do you need? According to Steve Sloan a broker with Insure 247 “It will depend on your occupation, risk exposure, and legal requirements”

Public Liability Insurer CGU explain "Every business is different, and there is no ‘one size fits all’ rule for how much public liability insurance your business needs. Sometimes the amount of public liability insurance you need will be dictated by the contracts you work on – for example, some corporate and government contracts will stipulate a minimum amount of public liability."

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.

$5 million public liability insurance

Public liability coverage of $5 million will provide basic protection. This amount might be adequate if your business has limited public interaction. Nonetheless, the majority of insurance advisors suggest that businesses in Australia should carry at least $10 million in public liability insurance due to the country’s increasingly litigious nature. Although the lower premiums of $5 million coverage might appear attractive, they are becoming less suitable for businesses and frequently fall short in covering claims, especially those concerning personal injuries.

5 million pubic liability insurance

$10 million public liability insurance

$10 million public liability insurance is moderate cover that will suit businesses with a larger exposure to the public or that may have a business to business risk, or where you are required by contract to maintain that level of cover.

$20 million public liability insurance

$20 million is a more comprehensive cover, required for business with a high exposure to the public, or companies that enter a local, state or federal government contract or work on one of their facilities.

20 million public liability insurance

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 the inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation, and needs

Compare public liability lenders and save. we compare public liability quotes from Australia’s top insurers. We quote broadform liability cover, which covers your business against claims for personal injury to another person (other than employees) or damage to property owned or controlled by someone else, or advertising liability. Property damage, personal injury or advertising liability which gives rise to legal liability must happen during the period of insurance and be caused by an occurrence in connection with your business activities, Broadform also cover product liability.

If you are still unsure speak to a broker or talk to our team on 1300 315 255, to discuss your requirement.


Compare Public Liability Insurance


Public Liability Compared by Insure 247 Ausure Insurance Brokers Pty Ltd T/as Insure 247 Authorised Representative of Ausure Pty Ltd AFSL 238433. 
General Advice Warning: Please be aware that any advice that may have been given or implied is general advice only. We have not taken into consideration your individual needs, objectives or financial requirements. Before deciding to purchase a financial product, you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs. 

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