Australian public liability explained by Professional Insurance Brokers

14
Australian Public Liability Insurance Explained www.profin.com.au Professional Insurance Brokers (Vic) Pty Ltd 1 1300 776 346 www.profin.com.au

description

Public Liability Insurance is a common insurance, but it still has its individuality like all insurance policies. Small Businesses in particular are often confused by what public liability insurance does and doesn't cover. This slideshow explains the basics you need to know.

Transcript of Australian public liability explained by Professional Insurance Brokers

Page 1: Australian public liability explained by Professional Insurance Brokers

1

Australian Public Liability Insurance

Explained

www.profin.com.auProfessional Insurance Brokers (Vic)

Pty Ltd

1300 776 346 www.profin.com.au

Page 2: Australian public liability explained by Professional Insurance Brokers

2

Public Liability Insurance in

Australia has grown each year as

more and more people have

sought legal remedies when they

feel they were wronged.

1300 776 346 www.profin.com.au

Page 3: Australian public liability explained by Professional Insurance Brokers

3

Therefore businesses in Australia

need to protect themselves with

Public Liability Insurance

1300 776 346 www.profin.com.au

Page 4: Australian public liability explained by Professional Insurance Brokers

4

Public Liability Insurance is a

common type of insurance, and the

premiums

are often very affordable.

1300 776 346 www.profin.com.au

Page 5: Australian public liability explained by Professional Insurance Brokers

5

1. Public Liability Cover

Public Liability insurance covers you for causing damage

to another Person’s property1300 776 346 www.profin.com.au

Page 6: Australian public liability explained by Professional Insurance Brokers

6

2. Public Liability Cover

Public Liability Insurance also covers you for causing injury

or death to another person1300 776 346 www.profin.com.au

Page 7: Australian public liability explained by Professional Insurance Brokers

7

Public Liability Insurance in

Australia is not compulsory

for most businesses.

1300 776 346 www.profin.com.au

Page 8: Australian public liability explained by Professional Insurance Brokers

8

Some Australian Industries

have Government mandated

requirements in place:

1300 776 346 www.profin.com.au

Plumbers Electricians

Page 9: Australian public liability explained by Professional Insurance Brokers

In some businesses, the mandatory requirement is set by their industry

association or the contract with their

landlord.

91300 776 346 www.profin.com.au

Page 10: Australian public liability explained by Professional Insurance Brokers

10

The minimum threshold of liability

is usually $5 Million,

but there is no maximum limit.

1300 776 346 www.profin.com.au

Page 11: Australian public liability explained by Professional Insurance Brokers

11

Most responsible Australian

businesses insure themselves with

$20 Million of Public Liability

insurance cover

1300 776 346 www.profin.com.au

Page 12: Australian public liability explained by Professional Insurance Brokers

12

How much cover does your business require?

1300 776 346 www.profin.com.au

Page 13: Australian public liability explained by Professional Insurance Brokers

13

If you discuss your business with an

insurance broker (who does not work

for an insurance company) you will get

better advice for specific needs.

 

1300 776 346 www.profin.com.au

Page 14: Australian public liability explained by Professional Insurance Brokers

www.profin.com.au 14

Professional Insurance Brokers

Happy to help

1300 776 346 (AUS)

or 1300 PROFIN

1300 776 346

www.profin.com.au