Underwriting Agencies and Insurers Now Covering More Public Liability Risks

 

Traditionally insurers like to stick to relatively low risk occupations when it comes time to insuring business public liability risks.  Insurance brokers describe this as hard to place risks, often these risk would be placed with Underwriting Agencies

What is an underwriting agency?

An agency given underwriting and policy writing authority by an insurer. This authority actually allows an agent to price and issue the physical policy to the insured. In return for this additional administrative work, the agency normally receives increased commissions from the insurer involved.*

Australian Underwriting Agencies

Australian Underwriting Agencies

A number of Australian underwriters have added some high risk occupations;

Axis Underwriting has added Earthmoving contractors, Electric scooter and Segway importers and distributors, Critical auto parts and Food truck operators to it's acceptable risks.

Recently Underwritten by High Street Underwriting include Builder (No Height Restriction), Church Activities, Live Linesman, RTO - Height Training etc, Safe Lock Abseiling Systems and Swimming Pool Builder.

Is My Occupation High Risk?

If you are still unsure speak to a broker on 1300 046 787

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Which Underwriting Agencies does Public Liability Comparison use?

    axis-underwriting1   Brooklyn       logo-emergence  High Street Public & Products Liability InsuranceHostsure logo-mecon Protecsure public liability sportsUnderwriting logo-winsure

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Public Liability 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

 

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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Public Liability Risk Recently Compared

What Should You Disclose When Applying For Public liability insurance

 

Public Liability Insurers Claims Ratings

Public liability insurers claims ratings

Public Liability Insurers Claims Ratings

Public Liability Insurers Claims Ratings by LMI.

How does your Insurer compare?

LMI ClaimsComparison have relied upon a range of data to rate the claims service of each of the listed Australian Public Liability Insurers Claims Ratings

PUBLIC LIABILITY INSURERS CLAIMS RATINGS Claims Rating Claim Contact Details
AIG Australia

AIG Public Liability Insurance Claim Comparison

starstarstarstar 03 9522 4000
Allianz

Allianz Public Liability Insurance

starstarstarstar-half 13 26 64
Brooklyn Underwriting

Brooklyn

starstarstarstar-half 02 8274 8177
Calibre

Calibre Public Liability Insurance

starstarstarstar 1300 880 037
CGU Insurance Limited

CGU Public Liability Insurance

starstarstarstar-half 13 24 81
Chubb

Chubb liability insurance

starstarstarstar (02) 9273 0100
QBE

QBE Public Liability Insurance

starstarstarstar  133 723
Vero

Vero Public Liability Insurance

starstarstarstar-half  1300 888 073
Zurich

zurich-public-liability

starstarstarstar-half  132 687

 

Source: www.claimscomparison.com

To see how we rate, please visit www.claimscomparison.com/HowWeRate.aspx

Last updated: 16th July 2016

PUBLIC AND PRODUCTS LIABILITY INSURANCE COMPARED

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Public Liability Compared

 

PUBLIC LIABILITY INSURANCE

At Publicliabilitycomparison.com.au 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.

General Advice

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

What’s Not Covered By Your Public Liability Insurance Policy

What's Not Covered By Public Liability Insurance Policy

Not everything is included in a public liability insurance policy, so what's not covered? The following things are 'generally' excluded by most insurers:

  • Anything relating to asbestos
  • Things involving aircraft
  • Worker’s compensation
  • Product recalls
  • Punitive or liquidated damages — this is where your actions are deemed by a judge to have been so poor that you are ordered to pay extra damages
  • Faulty workmanship

You should also bear in mind that public liability policies also have some limitations in terms of how much they will pay out — there is typically a limit to how much can be paid out per claim, as well as a limit on the total amount that can be paid out under a policy as a whole.

What is public liability insurance?

What are common limitations in public liability policies

  • Your policy may restrict the height and location you work
  • It may exclude some business activities, like high-pressure cleaning
  • Provision of Advice
  • Heat work (welding and thermal cutting)
  • Underground Services
  • Hazardous Workplace and Sites Exclusion
  • Faulty workmanship

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

PUBLIC AND PRODUCTS LIABILITY INSURANCE QUOTES

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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.

Sources

https://knowrisk.com.au Insure247

Underwriting Agencies and Insurers Now Covering More Public Liability Risks

Does Public Liability Insurance Cover Business Car Accidents?

What Should You Disclose When Applying For Public liability insurance

 

 

If A Bakery Makes Someone Sick Will Their Public Liability Policy Cover Their Clients?

product-liability

If My Bakery Makes Someone Sick  Am I Covered?

In the event of customer of a bakery, cafe or restaurant getting sick with illness such as salmonella poisoning, where the illness creates a loss can the insured claim off their Public Liability Policy?

What is covered?

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 of property or economic loss resulting from your negligence.

And Product Liability Insurance covers your business in the event that the product you sell, supply, repair or deliver causes death, personal injury or property damage. Product liability insurance covers you if any of these events happen to another business or person by the failure of your product or the product you are selling.

So in the event of food poisoning such loss might look like

  • Loss of wages for clients with the poisoning
  • Medical Expenses
  • The injured parties legal fees*

*Legal Costs and Expenses cover is part and parcel of Liability insurance and defence costs are usually additional to the limit of liability. The Policy Limit of Liability is usually inclusive of Third Party Costs awarded against the Insured but this is not always the case, please check with your broker or insurer.

What if its not our fault?

Salmonella infection is a notifiable condition, and in the case of a business it's likely to be investigated by the local council.If it turns out one of your suppliers is guilty of  negligence, you may have a good position for claiming off them and it may include loss or damage to your brand as a result.

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Public Liability 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

 

Clothing Retailers & Wholesalers