Public & Products Liability insurance is strongly recommended for businesses, as claims for accidental injury or property damage are potentially very expensive.
What is public and products liability insurance?
Public and Products liability insurance protects your business for the legal costs, the costs of defending the action and cost of compensation to a third party, resulting from death, injuries or property damage caused by negligence, in relation to your goods or services.
Do you need public and products liability insurance?
At SMART Business Insurance, our philosophy is that 'there are enough risks in business without taking a RISK on your insurance.'
A visitor tripping down your stairs or even slipping on a wet surface can trigger significant claims.
Consider this: If you, or one of your employees is visiting a client and accidentally damages a client's property, you will be liable.
When accidents happen, on or off site, and the other party can point the finger at your business, public & products liability insurance can protect you.
What is Product liability insurance?
Product liability insurance may protect sole traders, contractors and small businesses when products they have supplied or manufactured cause harm, injure someone or cause property damage.
Product liability insurance can be included with public liability insurance and may protects a business financially due to claims or product defects.
If you supply products it is recommended you obtain product liability insurance.
Examples of product liability claims include the following business activites :
- Supply food or drinks- Sickness or illness caused by your food or drinks
- Supply clothing, appliance, tool, furniture or any type of equipment- Harm, injury caused by your "product"
- Supply of mobile application or software- damage caused by your "product"
At SMART Business Insurance we can access multiple quotes from leading insurance companies for suitable Public & Products Liability insurance for your business activities.
SMART Business Insurance offers flexible payments so you can pay for your premiums monthly.