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Public and Product Liability Insurance in Australia
Public and product liability insurance is a type of insurance that protects your business if someone is injured or their property is damaged as a result of your actions or products. It's important to have this insurance in place, as it can provide peace of mind should an incident occur. We will discuss the benefits of this type of insurance, and who can benefit from it. We will also take a look at how this insurance is used in Australia. Get public liability insurance quote.
Benefits of public and product liability insurance
There are many benefits to having this insurance in place, including:
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Protection for your business:
If someone is injured as a result of your actions or products, you may be liable for their medical expenses, lost wages, and otherdamages. This insurance can help to cover these costs.
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Peace of mind:
Knowing that you have insurance in place can give you peace of mind, knowing that you are protected should an incident occur.
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Compliance with Australian law:
In some states and territories in Australia, it is a legal requirement to have this insurance in place if you run a business
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Who can benefit from public & product liability insurance?
This insurance can be beneficial for a wide range of businesses and professionals, including:
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Trades people:
If you are a tradesperson such as a builder, electrician, or plumber, this insurance can protect you if someone is injured as a result of your work.
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Businesses that sell products:
If you sell products, this insurance can protect you if someone is injured as a result of using your products.
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Professionals:
If you are a professional such as a lawyer, accountant, or consultant, this insurance can protect you if someone is injured as a result of your advice or actions.
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How is public and product liability insurance used in Australia?
This insurance is commonly used in Australia, with many businesses and professionals holding this type of insurance. It's a legal requirement in certain parts of Australia to have this coverage if you run a company. In other states and territories, it is not mandatory but is still strongly recommended.
If you have any questions about public and product liability insurance, or would like to obtain a quote for this insurance, click on the instant quote button. We would be more than happy to assist you further.
The insurance can protect businesses and professionals should someone be injured as a result of their actions or products. It is important to have this insurance in place. You may also be required to have this insurance if you run a business in Australia, depending on which state or territory your business is located. Click to know public liability insurance cost for your trade.
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