Liability can be a confusing term for small business owners. You’ve probably heard of Public Liability insurance, but what about Legal Liability?

As a business owner, you have countless responsibilities. One of the most important is ensuring the safety of your customers and the security of their property. But accidents remain an ever-present risk despite your best efforts to create a safe environment. Accidents that not only pose a threat to the safety of valued customers, but also exposes your business to potential legal and financial consequences.

As a small business owner, you may already hold Public Liability insurance*. But do you know exactly what your policy does and does not cover?

Sole traders are people who own and run a business as individuals. Australian sole traders enjoy many benefits that come with being self-employed, from setting their hours and rates to choosing the clients and customers they work with.

Public Liability and Professional Indemnity are two of the most common types of business insurance in Australia. They both cover compensation claims, but the main distinction is the types of events and risks covered.

You’ve worked hard to build your business, so it makes sense to protect it. Below are the top 5 reasons NHAA members should hold and maintain Professional Indemnity and Public Liability insurance.

Every business faces risks, whether you’re a tradie, café owner, or market stall operator. That’s where Public and Product Liability insurance come in. Together, they help protect your business if your work or products cause injury or property damage to someone else.

If you’re a sole trader or small business owner, you know how important it is to protect your work and your customers. Even when you take care, accidents can still happen. Without insurance, you could face large legal or compensation costs that might seriously affect your business.

Everyday Tradies are exposed to variety of risks in their work – third-party injuries or property damage, lost or damaged tools, and equipment breakdown are just a few of these common risks. Covering these risks with business insurance can help to protect businesses from the cost of these risks occurring.