From third party personal injury to property damage, understanding and safeguarding against your potential business liabilities is important. Here's how Zest Insurance can help.
What is Public and Product Liability (PPL) insurance?Public and Product Liability (PPL) insurance is designed to cover businesses against claims for personal injury or property damage to third parties caused by your business activities. For covered claims, it is intended to support legal costs and compensation expenses.
Why do you need Public and Product Liability insurance?
Public and Product Liability insurance is an important business cover for small businesses in Australia. Claims for third party damages to people and property can be crippling if you’re found to be negligent. Public and Product Liability insurance offers a level of coverage for the legal costs associated expenses and compensation you may become liable for.
Many contracts you enter into with a client, and even your commercial lease, may include a requirement for Public and Product Liability insurance.Why? Because your clients or landlord need reassurance that cover is in place should property be damaged or a person injured.
Third party claims can be costly, and damages can be far-reaching, making Public and Product Liability insurance incredibly important for all businesses. You may damage a client’s property when visiting, or a client may lodge a ‘slip and fall’ claim after a visit to your office. If you’re found to be negligent, your PPL policy can offer insurance coverage.
Choose which cover you want, according to your business needs.
Search for your Business or Occupation to see your tailored cover.
Key features of Public and Product Liability insurance from Zest InsurancePublic and Product Liability insurance from Zest Insurance includes coverage such as*:
Bodily injury claimsCompensation for bodily injury to third parties (such as clients or visitors).
Property damageCosts incurred due to damage to the property of others.
Legal expensesLegal fees and court costs associated with personal injury claims or property damage claims covered by the policy.
Medical costsReimbursement for medical treatment of injured parties.
Product liabilityClaims arising from your products causing harm.
Our Public and Product Liability insurance policies allow you to select the level of cover for your business, providing the flexibility based on your business's potential risks and liabilities, or if a client or customer advises they require you to hold a particular level of cover.
* Please refer to the Zest Insurance policy documentation, underwritten by Chubb Insurance Australia Limited, for full details of cover!
What to consider when deciding on Public and Product Liability insurance
There are a wide range of factors to consider when deciding upon the amount of PPL insurance you require to effectively cover your business. Read our Zest Insurance article to learn more:
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Consider the impact of an incident relating to public and product liabilityHere are some examples of potential PPL claims that illustrate how easily incidents can impact small businesses**:
Employment agencyA candidate visiting your office for an interview trips on a loose carpet edge and suffers injuries, leading to a claim for medical costs and damages.
BookkeeperA delivery person trips and falls over boxes of client files left unattended in your office, leading to injuries and a claim for compensation.
Marketing agencyDuring a seminar organised by your agency and facilitated in your office, a participant slips on a wet floor near the refreshment area and sustains injuries, resulting in a claim for medical expenses and damages.
** These examples are hypothetical, based on the types of scenarios that could potentially lead to a PPL insurance claim for a small business. All claims are assessed by Chubb on a case-by-case basis and are subject to the terms, conditions, exclusions and limits of the Chubb Multipack Policy Wording.
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