Product Liability Insurance For Online Retailers
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What is Product Liability Insurance?
... . Claims arising from personal injury or property damage as a result of a product defect can be expensive, and without the right Product Liability insurance you could find yourself in hot water. I f you operate as a sole ...
read moreHow much does Public Liability Insurance Cost?
... get an instant online quote. What is the average monthly premium for Public Liability insurance? On average, ... a particular product or service, the more it will cost. When it comes to Public Liability insurance however, the ...
read morePublic Liability Insurance Explained
... period of time. **Many public liability policies also provide cover for product liability. Related: What does Public Liability insurance cover? What does Public Liability insurance typically not cover? Personal injuries ...
read morePublic Liability Insurance In Rockhampton
... for their property. Most Public Liability policies also extend to cover Product Liability. If you sell, supply or ... hat does P ublic L iability insurance cover ? Public Liability insurance covers claims for personal injury ...
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... for their property. Most Public Liability policies also extend to cover Product Liability. If you sell, supply or ... hat does P ublic L iability insurance cover ? Public Liability insurance covers claims for personal injury ...
read moreHow much Public Liability insurance do I need?
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read moreWhat does Public Liability Insurance cover?
... very expensive (the example above could easily cost well over $ 50 , 000 ) , and not having Public Liability insurance means you could well end up paying for the claim straight from your back pocket . Bear in mind that ...
read morePublic Liability
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read morePublic Liability Insurance QLD
... Retailers pay for Public Liability Insurance? The typical amount a small business Retailer can expect to pay for Public Liability insurance ... Public Liability insurance in QLD? Australia's No.1 online insurance business ...
read morePublic Liability Insurance NSW
... premiums below. Chart by Visualizer How much do Retailers pay for Public Liability Insurance? The average amount a small business Retailer can expect to pay for Public Liability insurance in New South Wales is around $68 ...
read morePublic Liability Insurance NSW
... premiums below. Chart by Visualizer How much do Retailers pay for Public Liability Insurance? The average amount a small business Retailer can expect to pay for Public Liability insurance in New South Wales is around $68 ...
read moreCyber Liability Insurance
... What is Cyber Liability Insurance Cyber Liability insurance* is designed to ... Insurance: Any business that trades via a website or online platform Business that use email Any business that deals with customer data Retailers ...
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read moreBusiness Insurance
... while investigating and defending a covered claim including legal fees, experts fees and court costs). Product Liability insurance is there to help you from the moment an allegation of negligence relating to your ...
read moreBizCover SME Insurance Price Index Q1 FY20
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... care, custody or control Related: Public Liability Insurance **Many public liability policies also provide cover for product liability. Professional Indemnity insurance* Providing your client with misleading or negligent ...
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... care, custody or control Related: Public Liability Insurance Many public liability policies also provide cover for product liability. Professional Indemnity insurance* Providing your client with misleading or negligent ...
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read moreHow much does Business Insurance cost?
... *Data based on NSW BizCover customers Most popular cover options taken out by food businesses Like retailers, Public Liability insurance is the most popular cover options taken out by 96% of food businesses, as this is ...
read moreHow much does Business Insurance cost? OLD
... *Data based on NSW BizCover customers Most popular cover options taken out by food businesses Like retailers, Public Liability insurance is the most popular cover options taken out by 96% of food businesses, as this is ...
read morePublic Liability Insurance QLD
... below. Chart by Visualizer How much do Retailers pay for Public Liability Insurance? The typical amount a small business Retailer can expect to pay for Public Liability insurance in Queensland is around $76.81 per ...
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read moreThe Reality of Retail- Real Life Claims and How Business Insurance can Help
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read moreSTABLE INSURANCE RATES A REASSURANCE FOR SMEs
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read moreBizCover SME Insurance Price Index Q2 FY20
... product groups and industries. The Full Report can be viewed here: SME Insurance Price Index Only the Retail industry saw an overall increase, with the price of business insurance for retailers ... buy online without agent ...
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read moreCyber Liability Insurance: the safety net small businesses need
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read moreComparing Portable Equipment & Electronic Equipment Cover
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read morePreparing your store for the holiday season ahead
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read moreDo I need insurance for my market stall?
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read moreA sole traders guide to understanding Public Liability insurance
... is always a wise move to check with your insurance provider to make sure it is included in your coverage. What is Product Liability insurance? Product Liability insurance is important to consider if your business sells ...
read moreDon’t let your business be an online target – what you need to know about Cyber Liability Insurance
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read moreHow much does Public Liability Insurance cost for Tradesmen?
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read more5 Things to Consider When Buying Public Liability Insurance
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read morePublic Liability Insurance for Cabinet Makers
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read moreTop 5 Reasons for Having Professional Indemnity and Public Liability Insurance
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read moreHow much does Combined Liability Insurance Cost for Allied Health Professionals?
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read moreReviews related to Product Liability Insurance For Online Retailers
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Fantastic. Needed to organise business insurance for a new business over the Christmas holiday period. No other insurance companies were open. What a relief I could search, compare and secure a new insurance policy online through BizCover! Highly recommen
Katherine W
Motel Operation -
So quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!
Shirley M McIntosh
Trades & Services -
Great Price on my Liability insurance
James M
Trades & Services -
Easy very fast and efficient, 1st timer on public liability insurance
Les K
Door Or Window Wholesaling -
I have never purchased public liability insurance so I had no idea about anything. I rang Biz cover and spoke to Patrick who was super helpful and explained everything to me in a simple way that was easy to understand, I believe that I have also received
Simona F
Kitchen / Bedroom / Bathroom Furniture Manufacture & Installation -
So quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!
Shirley M
Food wholesaling nec -
very easy to get my public liability insurance done within minutes!! Thanks.
Troy M
Landscape Construction
Public Liability insurance
Public Liability insurance is one of the most common types of business insurances that a variety of different small businesses choose to take out. It is there to provide protection if someone makes a claim against the insured, the business or its employees. Claims from a third-party can be for personal injury or damage caused to their property caused by your business activities.
Here’s the lowdown on Public Liability insurance*
As a small business owner you already have lots to worry about. From paying your employees to getting stock delivered on time to generating new work opportunities – the list is endless! But have you taken the time to think about what an accident involving a third party could mean for your business?
As a small business owner, you have a legal responsibility to take reasonable steps for the safety of your customers, suppliers, community and their property. Public Liability Insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities.
Public Liability Insurance also provides assistance with the legal costs associated with managing claims that are covered by the policy.
What kind of businesses need Public Liability insurance?
In a nutshell, if your business is interacting with any third parties like customers, suppliers and members of the public on a regular basis, then you may need to consider Public Liability insurance. The chance of Public Liability insurance claim can be hard to predict, but if it were to occur, the costs to your business could be extremely costly and potentially enough to send you out of business.
An example of some of the typical types of businesses that may take a Public Liability insurance policy include:
- Trades
- Professionals
- Wholesalers
- Manufacturers
- Travel and tourism
- Office based
What is typically included?**
Compensation for:
- Compensation costs for the personal injury suffered by a third party (e.g. a customer, supplier or member of the public)
- Compensation for damage to property owned by a third party due to your negligent business activities
- The legal and defence costs associated with a covered claim
- Compensation for damage of third-party goods not owned by you which are in your care, custody or control
What is typically not covered?*
- Injuries to your employees
- Damage to your own property
- Costs of rectifying faulty workmanship or product recall
- Professional negligence
- Contractual liability
- Events occurring before or after the policy period
- Aircraft products
- Asbestos
- Liquidated damages
- Gradual pollution
- Punitive damages- where the insured acted so badly that extra damages were awarded
- Liabilities assumed under contract which the insured would not be liable for at common law
Get the right cover
Your Cover Options
With BizCover you can choose from 3 limits of liability (levels of cover): $5million, $10 million or $20 million.
Policies are tailored to the unique needs of individual businesses. One business may require a different amount of cover compared to another.
When deciding on how much cover you should have a think about factors like:
- Do any of your contracts require a minimum level of public liability cover?
- Has your industry body set a minimum level of public liability cover for membership?
- Does your business or trade licence require a minimum amount of public liability cover?
- What kind of accidents could occur due to your business operations and what could be the potential cost of a claim?
Why choose BizCover for your Public Liability insurance?
Built for small business
We know insurance and what makes small businesses tick
Clear and competitive pricing
You can compare and choose from a range of highly competitive prices right there on your screen. Seriously.
Cover to match your needs
You can tailor policies from selected Australian insurers to suit the needs of your business, and we are there to help!
Real people adding real value
Our friendly service team is on hand and on a mission to make you smile!
Frequently Asked Questions on Public Liability Insurance
Small business owners on average in the 2018/19 Financial Year paid around $63.53 per month^ for Public Liability insurance through BizCover. Public Liability Insurance is one of the most common types of insurance for businesses.
When it comes to the pricing of Public Liability insurance, there isn’t a one price fits all. There are a variety of industries and occupations, each with different risk factors that can impact the pricing greatly. Some of these key factors include:
- The type and nature of your business
- Your business turnover and size
- The amount of insurance cover your business needs
Additional factors that determine the cost of your Public Liability insurance policy include:
- The location of your business
- What is included and excluded in your policy
- The insurance provider you choose
The most accurate way to find out the cost for your business is to simply get an instant online quote.
| *We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it’s important to note that the data included within this article was sourced from BizCover’s Australia wide customer data for all “pay by the month” public liability policies purchased through BizCover during 2018/19 Financial Year and is intended as a guide only. It may not reflect pricing for your particular business as individual underwriting criteria will apply. Get a hassle-free quote for your business here. |
Public Liability insurance is designed to provide protection* for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities.
While it is not a legal requirement in Australia for most businesses, there are some situations where it may be mandatory for you to have you an active Public Liability policy before you can operate. For example, it may be a contractual requirement to have before you are allowed “on site”.
No matter how much care you may take, if your business interacts with clients, suppliers or members of the public, there is always the potential for a claim to occur.
You may need to consider Public Liability cover if any of the following apply to your business:
- You have customers, suppliers or members of the public who visit your business premises, e.g. diners who visit your cafe, or clients who visit your office, whether in a commercial building or home-based office
- You manufacture and/or sell any kind of products, e.g. food, beauty products, furniture, clothing or household items
- Working at your client’s site, e.g. a tradesperson carrying out repairs or work in other people’s homes
- If your business hosts or participates in public events, like a stand at a tradeshow attended by members of the general public
One of the first things to consider when calculating which level of Public Liability insurance your business may need is to think about the risks your business faces and any industry or contractual requirements involved.
While it would be nice to be told the exact amount of cover you should have, the decision is ultimately up to you.
If you work with contracts, these commonly stipulate the minimum amount of Public Liability cover your business must hold to comply with the contract. Professional bodies and industry associations may also require members to maintain a minimum amount of Public Liability insurance to become a member or to meet licensing requirements.
Take the time to consider the amount of work that you perform and the appropriate amount of financial protection you would need in the event a Public Liability claim is made against you.
With BizCover there are three levels of cover (limits of liability) available to select: $5 million, $10 million or $20 million.
The appeal of having the freedom to be your own boss is why so many Australians operate as a sole trader, but it is not one that comes without its own risks. Unlike working for a company, the reality is when things go wrong and a claim is made, you could be held responsible and it’s your back pocket that could be left financially destroyed.
An unplanned event could not only put your personal finances in havoc, but you could end up shutting up shop for good. Fortunately, with the right insurance in place, not only will you have a solid financial safeguard in place, but protection for your hard-earned reputation too.
Public Liability insurance is a popular type of insurance amongst sole traders. As a small business owner you have a legal responsibility to take the right steps to create a safe environment for third-parties when they interact with your business.
Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public become injured or sustain property damage as a result of your negligent business activities.
The short answer? No. Each type of insurance provides specific cover for very different kinds of business risks.
Business insurance* is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. It also offers the option of selecting public liability cover but that is not automatically included.
Public Liability* insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business .
If your business manufacturers or sells products you may also need to consider Product Liability insurance. Product Liability insurance* protects your businesses against claims by third parties relating to property damage or personal injury caused by your products. It typically forms part of a Public Liability policy.
Public Liability insurance can be purchased as a stand alone product or as part of a Business insurance package.
One of the first steps you need to take in lodging a claim (or to report a circumstance which may lead to a claim) is to complete a claim form – please click here to download.
To assist with the processing of your claim and to avoid delays, please attach all the supporting documents you have, which may include original invoices, receipts, manuals, pictures, reports and replacement quotes.
Once you have completed the form, email it to: [email protected] and we’ll manage the process directly with the insurer.
Public Liability and Professional Indemnity insurance both offer different types of cover, for different kinds of risks your business may be exposed to.
Public Liability insurance is designed to provide coverage for legal fees and compensation costs if a customer, member of the public, or a supplier claims against you for injury or damage to their property as a result of your alleged negligent business activity*.
This differs from the type of coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on protecting you against losses claimed by a third party due to alleged or actual negligence or errors in your professional services or advice. Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees).
If your business requires having clients visit your premises, or you going to visit them, providing your advice and services, then Public Liability and Professional Indemnity insurance may be two important forms of coverage your business needs to consider.