Protect your business with Public and Products Liability Insurance
Amy’s business manufactures office chairs and the latest model had a defective part that caused the chair to give way. This resulted in numerous claims of personal injury made against Amy and her business, to great expense.
Geoff’s catering business supplies a contaminated batch of chicken at a function and causes a Salmonella outbreak, resulting in multiple attendees getting sick and making a claim against Geoff and his business.
Luckily for Amy and Geoff, they have public and products liability insurance.
What is public liability insurance?
Public liability insurance is designed for businesses that operate in public spaces or interact with customers, clients or members of the public. In essence, public liability insurance protects your business from all legal liabilities and defence relating to third party claims of personal injury or property damage resulting from (or claiming to result from) your business activities or negligence.
In real terms, this means that if someone was injured, or property was damaged, whilst you were providing a service, any legal costs resulting from a claim would be covered by your public liability insurance. This includes any costs to investigate, defend or settle third party claims, as well as compensation for the injured party.
What is products liability insurance?
Products liability insurance is designed for businesses that supply a product to clients, customers or members of the public. Like with public liability insurance, products liability insurance protects against all third party legal liability claims of personal injury or property damage caused by (or claiming to be caused by) products you have sold or supplied.
Products liability insurance will protect your business in case a product that you have supplied has malfunctioned, failed or caused harm. This includes a wide range of scenarios including, but not limited to, damage or injury caused by software or equipment that you supply which are defective due to a manufacturing error or a defective design.