Why do I need Public Liability cover?
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.
What am I at risk for?
Public and Product Liability protects your business against your liability to pay compensation for personal injury and property damage, including:
- Bodily injury, death, sickness, disease, disability, shock, fright, mental anguish and mental injury or loss of consortium.
- Physical injury to, or loss of or destruction of tangible property including loss of use of the property, resulting therefrom.
- Loss of use of tangible property which has not been physically injured or destroyed provided such loss of use is caused by physical damage to or destruction of other tangible property.
- False arrest, false detention, wrongful imprisonment, malicious prosecution or malicious humiliation.
- Wrongful eviction.
- Assault and/or battery committed for the purpose of preventing or eliminating danger to persons or Damage to property.
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.