The chairs that could cost your business three hundred thousand dollars

Business discussions that could cost your business

Stephen Sloan insurance broker with Insure 247 urges businesses to consider that it’s often the small things that can cost your business a lot of money.

could cost your business

In a recent case in the New South Wales District Court, Kmart Australia was  made to pay compensation when an $8 plastic domestic use only chair collapsed when I client sat on it.

Awarded more than $300,000

According to the SMH*

Ms Lewis suffered permanent damage to her lower back, right buttock, thigh, and knee among other injuries.

She was awarded more than $300,000 in damages.

In making her decision to award Ms Lewis the sum, Judge Gibson noted that Kmart had breached its duty of care.

“To keep the photo lab (and its income) flowing, Kmart and its staff allowed the development of a haphazard system of customers taking chairs for sale in other departments (itself a breach of store policy) for use in circumstances where those chairs were unsuitable to the point of being dangerous,” she said.

“I am satisfied that the plaintiff has established breach of duty of care. The defendant’s failure to provide adequate seating for its customers in the photo lab, training for its staff and regulation of equipment use all play a role in relation to the circumstances of the accident.”

Public Liability Insurance Offers Protection

Broker Stephen Sloan explains “Public Liability Insurance cover can protect the business owner where it is found to be negligent. It will also offer some protection for the high legal cost of defending such events.

Going without public liability cover may save you money spent on premiums, however in the event of a claim that saving may cost you your business.

Does Your Business Have A Plan?

It is not that anyone at Kmart intended for the client to get hurt and at no stage did the management of Kmart have any actual involvement in the actions that lead to the injury, however, they do need a system for training for their staff and the regulation of equipment, does your business do that?

It’s also worth considering a risk mitigation when purchasing items used by the public or your staff, consider the use and consider is it appropriate for the intended use.

More Information

Sole Trader To A Company Does my Policy Cover Me?

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Sole Trader To A Company Does my Policy Cover Me?

If you are still unsure, 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

Source *Sydney Morning Herald

What Limit Of Liability Do I Require?

What Limit Of Liability Do I Require?

When you start to look for Public Liability Insurance, one of the first questions you must decide is what limit of liability do you require?

What is Limit of liability?

Insurers will offer limits of liability starting at $5 million, and can go up to $50 million.This is the insurer’s maximum payout in the event of a claim

Steve Sloan a broker with Insure 247, explains;

You should consider your clients when choosing a limit of liability

If you deal with the public, then $5 million would cover most claim situations.

If you deal with other businesses (B2B) then $10 million may be required.

If you deal with local government, state or federal government, airports or ports then $20 million is probably going to be the minimum requirement.

If you are still unsure, talk to our team on 1300 046 787, to discuss your requirement.

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

 

 

 

 

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Public Liability Comparison has compared over 1000 risks in the last 21 days, most are common risks such as carpenters, consultants, handyman and plumbers. However some of the risk compared are what we call “Hard to place risks”. These cover for these risks are not generally offered by the major insurers such as AIG, Allianz, CGU, Calibre, QBE, Vero and Zurich.

Public Liability Comparison uses the Insure 247 Team, The Insure 247 Team has access to a network of insurers and specialist underwriters

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Laying Cable for NBN, Labour Hire to Mining and Construction Industry, Elevator Maintenance, Tree Lopper/Feller and Engineering Consultant

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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

 

Source * www.irmi.com

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

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Insurance Claims tips for small business owners

Public Liability Claim Scenarios

 

Lost your client keys?

Lost your client keys? Your Public Liability Policy may cover you

If your business involves you having keys to clients premises, your at risk of a third party property claim in the event that you lose those keys.

Imagine the horror of not be able to find the keys, what if they were stolen and the thieves use it to strip out your clients property, are you liable?

keys

Am I covered?

What if your clients keys are used by you and 100 other people, will you be liable for the replacement cost of all the keys?

What if they are stolen from you car, will your businesses public liability policy cover the resulting loss?

According to Stephen Sloan an insurance broker with Insure 247, you may be able to calm your nerves in the event of lost or stolen clients keys  .

“A public liability insurance policy is in place to cover loss or damage to a third parties property or personal injury. So if due to your negligence the keys are lost, the resulting consequential loss would be covered.”

“However in the case they are stolen from your car, your car policies public liability may offer you cover”

It is important to compare public liability insurance policies

“It is important to compare public liability insurance policies as some may have limits on property in physical and legal control that will impact your claim

Before making your claim here are details to prepare for your broker or insurer

  • Details of the loss
  • Your policy number
  • A letter of claim from the third party
  • A quote for the repair of the damage to the third party

If you are still unsure about public liability insurance speak to a broker call 1300 046 787 13000 Insure

 

GET YOUR PUBLIC LIABILITY INSURANCE QUOTE CLICK HERE OR

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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. Please read the Product Disclosure Statement and contact us if you require any clarification.

See Also

WHAT IS GOODS IN PHYSICAL OR LEGAL CONTROL?

 

Is Public Liability Insurance Compulsory in Australia?

Sole Trader To A Company Does my Policy Cover Me?

What Should You Disclose When Applying For Public liability insurance