How Much Public Liability Insurance Do You Need?

How Much Public Liability Insurance

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"

5 Millions Dollars Cover

$5 million will offer minimal cover that may be enough for a business with little exposure to the public.

10 Million Dollars Cover

$10 million moderate cover 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 Dollars Cover

$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.

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."

At we quote broadform liability cover, this 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 046 787, to discuss your requirement.


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