Public liability insurance: who needs it and what does it cover?
Liability insurance protects the insured if negligence leads to injury, death, or other property damage, economic loss . How Does Public Liability Insurance Work? The purpose of public liability insurance is to protect businesses against losses or injuries caused by third parties. If a member of the general public - someone who isn't employed by your company - is harmed, loses something, or has their property destroyed as a result of your business activity, Public Liability Insurance can assist cover the associated costs. These fees can total thousands, if not hundreds of thousands, of dollars. This type of loss has the potential to cripple small firms. Public liability insurance in Sydney can assist those affected receive appropriate compensation while businesses continue to operate . What does Public Liability Insurance normally cover? As with most insurance policies, it is always a good idea to double-check your coverage. I...