We live in a world where people sue businesses for all sorts of things – you may become legally liable when third parties slip and fall in your shop and sustain an injury, or when faulty products cause property damage or injury. Being protected against claims for personal injury, property damage and/or advertising liability can be vital for many small businesses.
Sometimes claims can run into hundreds of thousands of dollars. That’s why TIO has created an easy-to-understand Liability solution that allows you to select the right cover for you.
The Public and Product Liability Section also covers your liability arising out of your products, unless Products Liability cover3 is specifically excluded.
You can choose cover for up to: $5,000,000, $10,000,000 or $20,000,000 (please note a sub-limit applies to Products Liability per period of insurance). You are also covered for damage to property that is in your physical or legal control up to $250,000 per period of insurance, unless stated otherwise in your schedule. You may also be eligible to increase this limit depending on your type of business.
Public and Product Liability protects your business against your liability to pay compensation for personal injury and property damage, including:
Refer to the Public and Product Liability Section of the PDS for further details. Cover is subject to the terms, conditions and exclusions listed in the PDS.
The above descriptions of cover apply to the Small Business Advantage Pack only. The Office Pack and Trades and Services Pack can contain different covers, limits and exclusions, and are not available for purchase online.
Any advice here does not take into account your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please consider the relevant Product Disclosure Statement (PDS) / Policy Wording and Supplementary PDS (where applicable) which are available on this website.
Premiums payable by instalment may be subject to minor adjustments (upwards and downwards) due to rounding and Financial institution transaction fees may apply.2. Minimum premiums may apply
Minimum premiums may apply. Any discounts/entitlements only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlement. Discounts are available at the time of printing and are subject to change without notice.3. Product cover
In some circumstances, you may not be eligible for Products Liability cover.