Protect your business from public liability cliams

If an accident or unforeseeable incident causes damage or injury to someone (other than your employees) within or in your compound, or shop or warehouse, you may be found legally liable to cover the costs of legal action taken against you and to pay for their medical costs.

Public liability insurance can help to protect your business from the financial risk of liability claims – helping you trade with confidence.

Who should consider public liability insurance?

While public liability insurance isn’t mandatory for most businesses, it is highly recommended for all companies. However, if you operate a business within a Shopping Complex, in most instances the Shopping Complex management would require you take out a Public Liability cover. That’s because the unpredictable nature of accidents makes them hard to prevent – and the costs of being sued can be extraordinarily high.

What can it cover?

Public liability insurance helps protect your legal liability to third parties, including clients, customers and the public for injury or damage to their property, caused by the business. Or within or in your compound, or shop or warehouse.

It will generally pay your costs of investigating, defending and settling claims, as well as any compensation payment you are found liable to pay.

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your insurance broker.

Make sure a small error doesn’t cost your business big money

Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result.

That’s why professional indemnity insurance matters – help protecting your assets and brand if your advice or services cause a client to take legal action against you.

Who should consider it?

Professional indemnity insurance is mandatory in some industries, such as medicine, accounting, law and financial advisers – with the requirements differing from state to state.

But even in cases where it’s not required by law, it’s highly recommended for anyone who is providing professional services or advice in exchange for a fee– like engineers, graphic designers, IT consultants and more. And regardless of your legal obligation, it’s often a customer requirement that you have this cover in place.

Did you know?

When you’re outsourcing work to a contractor, you may still be legally liable for any errors they make – so it’s worth to help make sure you’re protected.

What can it cover?

As a wide-ranging insurance solution, professional indemnity cover may include anything from accidents to errors and omissions.

To protect against professional risk, you may want to consider of:

• Professional indemnity insurance to protect against legal action from a client
• Medical malpractice insurance for cover against patient claims due to errors or breach of duty

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your insurance broker.

Affordable and wide insurance cover for your business

Insurance to safeguard your business with cover to help protect your premises, stock, equipment and reputation. 

Who should consider it?

Business owners can benefit from taking out an affordable and comprehensive business insurance pack to help protect them against the main risks involved in running a business.

What can it cover?

Business insurance packs can offer general protection for a business, which may include cover against:

• Property damage
• Business interruption
• Theft
• Money
• Glass
• Public and Products Liability
• Transit
• Electronic equipment breakdown
• Machinery breakdown
• General property
• Tax audit
• Employee dishonesty

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your insurance broker.

Protecting your business ability to keep on making money

Business interruption insurance can help your business to keep running if the insured property is lost or damaged after a catastrophic event such as fire, by covering ongoing costs so you can recover and rebuild.

Who should consider it?

For most business owners, there are ongoing expenses that you need to pay even if you’re not generating any revenue – like staff wages, supplier invoices, rent or loan repayments.
Business interruption insurance can get you through a temporary crisis by protecting your cashflow – so you can pay these expenses, and help ensure the future of your business.

What can it cover?

Business interruption insurance can cover the loss of any sales you would have made while your business is out of action – plus any extra costs you incur to stay open.

It may also include:

• Ongoing operating expenses, such as electricity and rent
• Relocation costs for moving to, and operating from, a temporary location
• Training costs for operators of replacement machinery
• Temporary closure of your business premises due to government-ordered street closures or curfews
• Damage to a supplier’s premises which has a negative flow on effect for your business operations

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your insurance broker.