What does Public Liability Insurance not cover?
- Costs of rectifying faulty workmanship.
- Personal injury to you or any of your employees.
- Damage to property that the business owns.
- Loss arising from professional services or advice.
- Liabilities assumed under contract.
Insurance Tip #1
Read the endorsements on your insurance schedule. These endorsements can restrict the cover offered by your insurer or place certain requirements on your business activities for cover to take effect.
Insurance Tip #2
Disclose all your business activities. If your business activities change during the year, advise your insurance broker. An insurer can decline your claim if it is a result of an undisclosed business activity.
Insurance Tip #3
Accurately disclose business turnover. If your business has grown, your insurer needs to know. Under disclosing the size of your business will cause issues when / if you need to lodge a claim.
Insurance Tip #4
If you engage sub-contractors or labour hire personal, your insurer needs to know. Some of the largest public liability claims we have seen are for personal injury to a sub-contractor.