Professional Indemnity Insurance For Teachers Australia
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Public Liability Insurance In Perth
... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
read morePublic Liability Insurance In Brisbane
... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
read morePublic Liability Insurance In Adelaide
... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
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... to Becky for her pleasant and professional service. She made the whole transaction quick and smooth. ” Mark T., Moulding manufacturer H ow much does P ublic L iability insurance cost for Port Macquarie businesses? On ...
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... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
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... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
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... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
read morePublic Liability Insurance In Mandurah
... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims ...
read moreHow much does Public Liability Insurance Cost?
... cause injury or property damage to clients or members of the public. It is important to note that each insurance company assesses risk in different ways. What one insurer may consider as a high-risk occupation may not be ...
read morePublic Liability Insurance Explained
... cover? What does Public Liability insurance typically not cover? Personal injuries to you or your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence or unlawful activity ...
read moreHow much Public Liability insurance do I need?
... terms of the contract. Many industry associations and professional bodies also require members to obtain and maintain a minimum amount of Public Liability insurance for membership or to meet licensing requirements. It ...
read moreWhat does Public Liability Insurance cover?
... expensive (the example above could easily cost well over $ 50 , 000 ) , and not having Public Liability insurance means you could well end up paying for the claim straight from your back pocket . Bear in mind that Public ...
read morePublic Liability
... alleged negligent business activity*. This differs from the type of coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on protecting you against losses claimed by a third party ...
read moreWho needs Professional Indemnity insurance?
... , unexpected accidents can still occur. This is where Professional Indemnity insurance comes in. What is Professional Indemnity insurance? Professional Indemnity insurance is designed to respond to claims against your ...
read moreBusiness Insurance
... and defence costs associated with a covered claim . Professional Indemnity (PI) insurance* provides protection for businesses that provide specialist services or professional advice. It is designed to respond to claims ...
read moreInsurance for Martial Art Teachers
... assets may be at risk. Even more reason to have appropriate insurance to protect you and your business! Insurance for Martial Arts Teachers Professional Indemnity Insurance* However careful you may be there is always the ...
read moreInsurance for the Self Employed
... to have a Public Liability policy. Professional Indemnity insurance If you provide clients with a professional service or advice, you may consider Professional Indemnity* insurance . These policies cover losses claimed ...
read moreInsurance for Yoga Teachers
... and Professional Indemnity cover Coverage for training clients anywhere in Australia Flexible payment options - monthly or annually Compare quotes from our trusted insurance partners*: Why do yoga teachers need insurance ...
read moreKeep calm and stretch on with Yoga Teacher insurance
... for that! Let's start with the basics… Professional Indemnity insurance One of the most vital types of insurance policies for yoga teachers is Professional Indemnity insurance . Working in a highly physical role which ...
read morePublic Liability Insurance NSW
... certain insurance products. The exemption applies to both Public Liability and Professional Indemnity policies. ... Public Liability insurance . It is designed to protect a mix of businesses, from the yoga teachers in Bondi ...
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read morePublic Liability Insurance NSW
... for small businesses by providing a stamp duty exemption on certain insurance products. The exemption applies to both Public Liability and Professional Indemnity policies. To be eligible (as that the time of publication ...
read morePublic Liability Insurance WA
... during 2018 and their individual average monthly premiums. How much do Professionals pay for Public Liability Insurance in WA? The term 'Professionals' covers a wide range of occupations that typically need specialist ...
read morePublic Liability Insurance QLD
... How much do Professionals pay for Public Liability Insurance? The term 'Professionals' encompasses a ... Agents and Marketing consultants to IT professionals , and even music teachers. Each profession has its own level ...
read moreSole Trader Insurance
... teachers! As you can imagine, the insurance needs of a tradie will probably be different than those of an IT professional. Luckily, there are many insurance ... provided them. Professional Indemnity insurance covers your ...
read morePublic Liability Insurance in QLD
... such as mistakes or errors in your work, missed deadlines, breaches of contract or claims of negligence. Professional Indemnity insurance can help you cover yourself for these types of events and more.When you purchase a ...
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... -school dance or art are offering online classes that can be followed from home so check with teachers if this an available option. Communicate Communicating your current situation and expectations to those around you is ...
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... Chartered Accountants ANZ you are required to provide information on your professional indemnity insurance. CA ANZ requires that professional indemnity covers each principal for at least $1 million value. CPA Australia ...
read more8 Facts About Professional Indemnity Insurance
... representing someone else's interests on their behalf. Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or professional advice. It is designed to respond to claims ...
read moreDo I need Professional Indemnity insurance?
... your industry professional body or regulator requires you to hold Professional Indemnity (PI) cover. ... ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. ...
read moreLegal requirements for Professional Indemnity insurance
... coverage may even be a legal requirement. What is Professional Indemnity* insurance? Professional Indemnity (PI) insurance protects businesses that provide professional advice or specialist services. It is designed to ...
read moreHow much does Professional Indemnity Insurance Cost for Accountants?
... over can have an impact on the cost of your Professional Indemnity policy. Generally, the higher the revenue your business generates, the higher your PI insurance premium will most likely be. For example, an accountant ...
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... performing, and do they have a previous history of claims? Your individual claims history Professional Indemnity (PI) insurance is an essential form of protection for businesses that provide specialist services or advice ...
read moreHow much does Professional Indemnity Insurance Cost for IT professionals?
... Indemnity Insurance cost for IT Professionals? As an IT Professional, you are generally required to comply with specific professional standards and legislation which may require you have a minimum amount of PI ...
read moreHow much does Professional Indemnity Insurance Cost for Real Estate Agents?
How much does Professional Indemnity Insurance cost for Real Estate Agents? Professional Indemnity (PI) insurance is one of the most essential forms of cover for Real Estate Agents due to the potential for losses that ...
read moreThe benefits of Professional Indemnity insurance
... small business owners strive to achieve. Firstly, let's explain what Professional Indemnity insurance is Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...
read moreProfessional Indemnity Insurance for Civil Engineers
... construction of structures typically used by the general public. What is Professional Indemnity insurance? Professional Indemnity (PI) insurance * is an important form of protection for businesses that provide specialist ...
read moreWhat you need to consider when purchasing Professional Indemnity insurance
... can save a lot of confusion in the event that you may need to make a claim. 3. How much Professional Indemnity insurance cover do I need? Each business is different with their own factors that can determine the amount of ...
read moreWhat is Professional Indemnity Insurance?
... of events which may result in a Professional Indemnity insurance claim. Professional Indemnity Insurance defined Professional Indemnity insurance protects professionals against claims of negligence or breach of duty ...
read moreWhat does Professional Indemnity Insurance cover?
... the chance of a claim occurring is real, no matter how good you are at your profession. Professional Indemnity insurance is designed to protect you from a wide range of potential risks. Even seemingly small errors, could ...
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... you may not think it'll happen, each of these situations pose a risk to your business. Luckily, Professional Indemnity insurance is designed to protect you from these risks so you can get back to doing what you do best ...
read moreProfessional Indemnity Insurance
... : What's included & what's not? Professional Indemnity Insurance Cost Professional Indemnity insurance Professional Indemnity insurance is designed for professionals who provide a specialist service or advice, providing ...
read morePublic Liability vs. Professional Indemnity insurance: What’s the difference?
... customers or the public Recommended reading : Do I need Public Liability Insurance? Do I need Professional Indemnity insurance? Professional Indemnity insurance is an important form of cover to consider for: Anyone who ...
read moreProfessional Indemnity Insurance And Public Liability Insurance
... a mission to make you smile! Frequently Asked Questions on Professional Indemnity Insurance Professional Indemnity insurance * can protect those who provide professional advice or services to their clients. Some of these ...
read moreProfessional Indemnity Insurance 101: For Allied Health Professionals
... 's essential their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of ...
read moreProfessional Indemnity Insurance 101 for Allied Health and Alternative Therapy Professionals
... any damages awarded as a result of the claim - no matter whether it's proven or not. Professional indemnity insurance gives people in the health or alternative therapy professions, and their families, peace of mind that ...
read moreProfessional Indemnity Insurance for Consultants
... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...
read moreWhat Limit of Professional Indemnity Insurance Do I Need?
... ; some provide Defence Costs in addition to the limit of Professional Indemnity insurance . You need to ensure your limit of Professional Indemnity Insurance is adequate to encompass both the claim and the costs in ...
read moreSometimes Professional Indemnity Insurance is Needed
... that any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or ...
read moreMisconceptions Around Professional Indemnity Insurance
... word can spread like wildfire over the internet and community. This is where the value of professional indemnity insurance can be recognized. If you were somehow involved in consulting or advising a client and they have ...
read moreHow Does Professional Indemnity Insurance Benefit You?
... of skill, which is expected from them. Purpose of Professional Indemnity Insurance The primary purpose of professional insurance is to protect the professionals against any financial losses from lawsuits, which can be ...
read moreHow the cost of Professional Indemnity insurance is calculated
... Professional Indemnity (PI) insurance policy is calculated and why one profession can often cost more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance ...
read moreAdditional Cover for Professional Indemnity Insurance
... expect his business to be covered by professional indemnity insurance to ensure there is cover in place ... damage, it is vulnerable to costly legal action. PI Insurance protects small businesses from this type of action. ...
read moreAccountant saved from paying $200K with Professional Indemnity Insurance: A Case Study
... covered for a $221 000 payment after the Tax Office fined a client. The firm was insured with a Professional Indemnity Policy to the value of $2 million dollars with DUAL. Missing capital gains in a client’s tax return ...
read moreWhat are the potential risks if I cancel my Professional Indemnity cover?
... . So, by cancelling your cover, you run the risk of breaching your agreements. From the date your Professional Indemnity insurance is cancelled you will have no cover in place for any past, present, or future services or ...
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... licenses under the Property, Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile looking ...
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... can help you protect your business online in minutes—no dramas! Here's the lowdown on Professional Indemnity insurance* You're a professional and there is no doubt yo u are good at what you do. However, mistakes happen ...
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Your Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don't quite go to plan it can provide much needed financial assistance for legal and compensation ...
read moreTop 5 reasons for having Professional Indemnity and Public Liability insurance
... advice to clients in relation to their wellbeing or even for an allegation of professional misconduct. Professional Indemnity insurance provides protection for financial losses for any legal action against you. It covers ...
read moreHow to assess your professional indemnity exposure and risks
... expensive. The last thing you want is for frivolous lawsuit to end your small business dreams. Professional Indemnity insurance can help protect your bank accounts, so you can continue serving your clients. Are you ready ...
read moreClaim for Professional Indemnity
... Easy online claims form Need help? Call 1300-249-268 Compare quotes from our trusted insurance partners: Professional Indemnity It's important to notify your insurer as soon as possible of all actual and potential ...
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... of Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance is ... of $250,000 was paid (and covered by the architect's PI policy) . What is run-off cover? Run-off cover ...
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... is often the first step to finding a solution. You might also want to have a professional service insurance policy, such as Professional Indemnity , to help you shoulder the costs of fixing errors in your work. In a ...
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A Guide to PI Insurance
... is to make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of ...
read moreInsurance for Registered Migration Agents
... or advice. PI Insurance also helps with the costs associated with responding to or managing claims covered by your policy. Tip: Migration Alliance members receive a discount of on Professional Indemnity policies with ...
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... activities. Professional Indemnity insurance If your business delivers professional services or advice, then Professional Indemnity insurance is a business insurance to consider. Professional Indemnity (PI) insurance* is ...
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... business! Related: Public Liability Insurance explained 2. Professional Indemnity Insurance If your business or profession involves providing a service or advice, then Professional Indemnity (PI) Insurance is a must have ...
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... the cost of replacing broken glass, damaged stock, failed equipment and more! Professional Indemnity insurance* Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...
read moreInsurance for Electricians
... like this when you'll be glad to have a Public Liability policy! Professional Indemnity Insurance* Professional Indemnity (PI) insurance covers electricians for losses claimed by a third party & defence costs due to ...
read moreInsurance for HR Consultants
... HR consultants need? There are many types of insurance that HR consultants may consider, such as: Professional Indemnity insurance Professional Indemnity (PI) insurance is an important form of protection for businesses ...
read moreInsurance for Civil Engineers – what you need to know
... on your business. Professional Indemnity insurance Professional Indemnity insurance is a type of insurance coverage selected by professionals, including civil engineers. Professional Indemnity (PI) insurance* is an ...
read moreGuide to Physiotherapy Business insurance
... provide vital protection, it is a registration requirement for physiotherapists practising within Australia. Professional Indemnity (PI) insurance is designed to respond to claims against your business for losses as a ...
read moreUnderstanding Insurance for Graphic Designers
... of an unhappy client making a claim. This is why Professional Indemnity insurance is an important coverage to consider. Professional Indemnity (PI) insurance is a form of protection for businesses that provide specialist ...
read moreUnderstanding Insurance for Interior Designers
... unhappy client to make a claim. In scenarios like these, Professional Indemnity insurance can help protect your business. Professional Indemnity (PI) insurance is an important form of protection for interior designers to ...
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... Professional Indemnity insurance covers you anywhere in Australia. Get the cover for your business Professional Indemnity ... the provision of your professional consulting service or advice. PI Insurance will also assist ...
read moreDoes Public Liability insurance cover employees?
... negligence where a client alleges that your advice or service caused them a loss. However, Professional Indemnity insurance (PI) may cover this. As stated above, PL does not cover injuries caused by your employees ...
read moreWhat is run-off insurance and who needs it?
... first need to explore claims-based policies and Professional Indemnity insurance. Claims-based policies and Professional Indemnity insurance basics First off: Professional Indemnity insurance . What is it, and what does ...
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... assets if something does go wrong. Even if you're not at fault, Professional Indemnity insurance may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a result ...
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... in rendering professional services. Professional Indemnity insurance* One of the basic types of insurances you need to consider as a bookkeeper is Professional Indemnity insurance . Professional Indemnity insurance is ...
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... Let's take a look at the importance of the different kinds of business insurances you need to think about. 1. Professional Indemnity insurance * As a recruitment consultant, you have the skills and expertise to match the ...
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... third party due to alleged or actual negligence or errors in your professional pharmacy services or advice. Your Professional Indemnity insurance will cover the associated compensation payable to a third party together ...
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... when out visiting a client whilst delivering your services. What is Professional Indemnity insurance*? Professional Indemnity insurance is an important form of protection for businesses that provide specialist services ...
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... Trainers Real Estate Agents Tax Agents Yoga Instructors Taking steps to avoid a lawsuit and getting Professional Indemnity insurance could help protect your small business. BizCover can even help you get instant cover so ...
read moreA practical guide to understanding business insurance
... with third parties from clients to members of the public and suppliers. Professional Indemnity insurance* Professional Indemnity insurance is designed to respond to claims against your business for losses as a ...
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... can make mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance will protect your business from losses arising out of acts, errors and omissions from a ...
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... could lead to them claiming against you, which could be both financially and reputationally damaging. Professional Indemnity insurance is designed to respond to such claims against your business for losses as a result of ...
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... being sold to customers. If you're in the business of providing professional services, modest amounts of Professional Indemnity insurance may be required to protect you against claims resulting from errors, omission ...
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... certain contracts Required before you work on a construction site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain level of cover to work on contracts Required by ...
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... you must be a recognised provider with the fund. Most health funds require providers to hold a current Professional Indemnity insurance policy with at least $1 million worth of cover, or $2 million if you wish to be a ...
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... covers the running of your business, while Professional Indemnity insurance covers your professional activities. And while Professional Indemnity insurance may be customised for individual businesses, Management ...
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... types of coverages you may need to consider: Professional Indemnity insurance* If your business involves providing professional advice and services then Professional Indemnity insurance is a no-brainer. It is designed to ...
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... Regardless of whether it's mandatory, you may still want to consider getting a policy. Professional Indemnity insurance can help you respond to claims of negligence, giving incorrect advice, missing deadlines, and other ...
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... in NSW must have Professional Indemnity insurance. What types of business insurance might real estate agents need? Professional Indemnity insurance For real estate agents in NSW, Professional Indemnity insurance * is a ...
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... as a result of your actual or alleged negligence from the delivery of your professional service. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing claims ...
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... business . These are some of the typical kinds of cover real estate agents need to consider. Professional Indemnity Insurance In the real estate business, you have a great deal of responsibility. You r clients put their ...
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... or supplied by you. Many Public Liability policies include Product Liability cover. Professional Indemnity insurance* : Professional Indemnity insurance is designed to help protect you from losses claims against your ...
read moreReviews related to Professional Indemnity Insurance For Teachers Australia
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Easy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.
Malindi M
Management Consulting Service
Public Liability insurance
Public Liability insurance is one of the most common types of business insurances that a variety of different small businesses choose to take out. It is there to provide protection if someone makes a claim against the insured, the business or its employees. Claims from a third-party can be for personal injury or damage caused to their property caused by your business activities.
Here’s the lowdown on Public Liability insurance*
As a small business owner you already have lots to worry about. From paying your employees to getting stock delivered on time to generating new work opportunities – the list is endless! But have you taken the time to think about what an accident involving a third party could mean for your business?
As a small business owner, you have a legal responsibility to take reasonable steps for the safety of your customers, suppliers, community and their property. Public Liability Insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities.
Public Liability Insurance also provides assistance with the legal costs associated with managing claims that are covered by the policy.
What kind of businesses need Public Liability insurance?
In a nutshell, if your business is interacting with any third parties like customers, suppliers and members of the public on a regular basis, then you may need to consider Public Liability insurance. The chance of Public Liability insurance claim can be hard to predict, but if it were to occur, the costs to your business could be extremely costly and potentially enough to send you out of business.
An example of some of the typical types of businesses that may take a Public Liability insurance policy include:
- Trades
- Professionals
- Wholesalers
- Manufacturers
- Travel and tourism
- Office based
What is typically included?**
Compensation for:
- Compensation costs for the personal injury suffered by a third party (e.g. a customer, supplier or member of the public)
- Compensation for damage to property owned by a third party due to your negligent business activities
- The legal and defence costs associated with a covered claim
- Compensation for damage of third-party goods not owned by you which are in your care, custody or control
What is typically not covered?*
- Injuries to your employees
- Damage to your own property
- Costs of rectifying faulty workmanship or product recall
- Professional negligence
- Contractual liability
- Events occurring before or after the policy period
- Aircraft products
- Asbestos
- Liquidated damages
- Gradual pollution
- Punitive damages- where the insured acted so badly that extra damages were awarded
- Liabilities assumed under contract which the insured would not be liable for at common law
Get the right cover
Your Cover Options
With BizCover you can choose from 3 limits of liability (levels of cover): $5million, $10 million or $20 million.
Policies are tailored to the unique needs of individual businesses. One business may require a different amount of cover compared to another.
When deciding on how much cover you should have a think about factors like:
- Do any of your contracts require a minimum level of public liability cover?
- Has your industry body set a minimum level of public liability cover for membership?
- Does your business or trade licence require a minimum amount of public liability cover?
- What kind of accidents could occur due to your business operations and what could be the potential cost of a claim?
Why choose BizCover for your Public Liability insurance?
Built for small business
We know insurance and what makes small businesses tick
Clear and competitive pricing
You can compare and choose from a range of highly competitive prices right there on your screen. Seriously.
Cover to match your needs
You can tailor policies from selected Australian insurers to suit the needs of your business, and we are there to help!
Real people adding real value
Our friendly service team is on hand and on a mission to make you smile!
Frequently Asked Questions on Public Liability Insurance
Small business owners on average in the 2018/19 Financial Year paid around $63.53 per month^ for Public Liability insurance through BizCover. Public Liability Insurance is one of the most common types of insurance for businesses.
When it comes to the pricing of Public Liability insurance, there isn’t a one price fits all. There are a variety of industries and occupations, each with different risk factors that can impact the pricing greatly. Some of these key factors include:
- The type and nature of your business
- Your business turnover and size
- The amount of insurance cover your business needs
Additional factors that determine the cost of your Public Liability insurance policy include:
- The location of your business
- What is included and excluded in your policy
- The insurance provider you choose
The most accurate way to find out the cost for your business is to simply get an instant online quote.
| *We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it’s important to note that the data included within this article was sourced from BizCover’s Australia wide customer data for all “pay by the month” public liability policies purchased through BizCover during 2018/19 Financial Year and is intended as a guide only. It may not reflect pricing for your particular business as individual underwriting criteria will apply. Get a hassle-free quote for your business here. |
Public Liability insurance is designed to provide protection* for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities.
While it is not a legal requirement in Australia for most businesses, there are some situations where it may be mandatory for you to have you an active Public Liability policy before you can operate. For example, it may be a contractual requirement to have before you are allowed “on site”.
No matter how much care you may take, if your business interacts with clients, suppliers or members of the public, there is always the potential for a claim to occur.
You may need to consider Public Liability cover if any of the following apply to your business:
- You have customers, suppliers or members of the public who visit your business premises, e.g. diners who visit your cafe, or clients who visit your office, whether in a commercial building or home-based office
- You manufacture and/or sell any kind of products, e.g. food, beauty products, furniture, clothing or household items
- Working at your client’s site, e.g. a tradesperson carrying out repairs or work in other people’s homes
- If your business hosts or participates in public events, like a stand at a tradeshow attended by members of the general public
One of the first things to consider when calculating which level of Public Liability insurance your business may need is to think about the risks your business faces and any industry or contractual requirements involved.
While it would be nice to be told the exact amount of cover you should have, the decision is ultimately up to you.
If you work with contracts, these commonly stipulate the minimum amount of Public Liability cover your business must hold to comply with the contract. Professional bodies and industry associations may also require members to maintain a minimum amount of Public Liability insurance to become a member or to meet licensing requirements.
Take the time to consider the amount of work that you perform and the appropriate amount of financial protection you would need in the event a Public Liability claim is made against you.
With BizCover there are three levels of cover (limits of liability) available to select: $5 million, $10 million or $20 million.
The appeal of having the freedom to be your own boss is why so many Australians operate as a sole trader, but it is not one that comes without its own risks. Unlike working for a company, the reality is when things go wrong and a claim is made, you could be held responsible and it’s your back pocket that could be left financially destroyed.
An unplanned event could not only put your personal finances in havoc, but you could end up shutting up shop for good. Fortunately, with the right insurance in place, not only will you have a solid financial safeguard in place, but protection for your hard-earned reputation too.
Public Liability insurance is a popular type of insurance amongst sole traders. As a small business owner you have a legal responsibility to take the right steps to create a safe environment for third-parties when they interact with your business.
Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public become injured or sustain property damage as a result of your negligent business activities.
The short answer? No. Each type of insurance provides specific cover for very different kinds of business risks.
Business insurance* is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. It also offers the option of selecting public liability cover but that is not automatically included.
Public Liability* insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business .
If your business manufacturers or sells products you may also need to consider Product Liability insurance. Product Liability insurance* protects your businesses against claims by third parties relating to property damage or personal injury caused by your products. It typically forms part of a Public Liability policy.
Public Liability insurance can be purchased as a stand alone product or as part of a Business insurance package.
One of the first steps you need to take in lodging a claim (or to report a circumstance which may lead to a claim) is to complete a claim form – please click here to download.
To assist with the processing of your claim and to avoid delays, please attach all the supporting documents you have, which may include original invoices, receipts, manuals, pictures, reports and replacement quotes.
Once you have completed the form, email it to: claims@bizcover.com.au and we’ll manage the process directly with the insurer.
Public Liability and Professional Indemnity insurance both offer different types of cover, for different kinds of risks your business may be exposed to.
Public Liability insurance is designed to provide coverage for legal fees and compensation costs if a customer, member of the public, or a supplier claims against you for injury or damage to their property as a result of your alleged negligent business activity*.
This differs from the type of coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on protecting you against losses claimed by a third party due to alleged or actual negligence or errors in your professional services or advice. Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees).
If your business requires having clients visit your premises, or you going to visit them, providing your advice and services, then Public Liability and Professional Indemnity insurance may be two important forms of coverage your business needs to consider.