Public and products liability cover Melbourne business owners' trust!
Getting business insurance is one of the many important steps you need to take to safeguard your business. Of course, you shouldn’t just jump in and get a policy from anyone. You need to ensure that your insurance provider is not only reputable but also accessible and affordable.
The policy covers claims against your organisation due to personal injury or property damage to a third party that you may have caused. Furthermore, it also covers the legal costs associated with these claims.
Public and product liability insurance is designed to protect your business if someone is injured or their property is damaged due to your business activities or products.
Both forms of liability can lead to significant financial loss if not properly insured. This type of coverage ensures you’re not left to pay out-of-pocket for these unexpected events.
At FD Beck Insurance Brokers, we offer the following insurance products.
Product Liability in Melbourne
We offer comprehensive, liability insurance in Australia. Product Liability insurance protects with respect to the products being sold by your business. It applies if the product you supply, manufacture, import or install causes personal injury or property damage to someone else.
Public Liability in Melbourne
At FD Beck, we’ve earned the reputation of the leading provider of public liability insurance in Australia from Melbourne, to Victoria, and beyond. Similar to Product Liability, Public Liability protects you against claims for injury or property damage not caused by your products.
Good in Care, Custody & Control
FD Beck can arrange to cover up to $250,000 for damage to customers goods whilst held in your care, custody or control at the business premises.
Claims of injury or damage to property belonging to visitors can vary depending on what you deal with. Here are some examples of claims we deal with at FD Beck for our client’s business:
In addition to giving you peace of mind, here are some other reasons why our liability public insurance is vital for your firm.
Every business has unique requirements that can be addressed by specific insurance solutions can address. As such, we always start with understanding your needs. We touch on the risks and requirements specific to your industry and inherent to the nature of your business.
We then tap into our network of insurance companies to find you the best insurance solutions. The following types of insurance policies are just a few examples of the type that we specialise in:
Professionals offering advice or services for a fee may be held liable if their work causes losses to clients. Professional indemnity insurance acts as a cover for your business if you are held liable for a breach of a professional duty.
You will need public liability insurance coverage in Victoria in case of property damage or personal injury to your client or members of the public while operating your business. This insurance covers third-party compensation and the legal expenses incurred to defend the claim.
We offer insurance solutions specific to specialists, consultants, and freelancers offering professional advice. Consultant insurance typically includes public liability and professional indemnity coverage.
Owner builder insurance includes coverage specific to owner builders, or property owners acting as contractors working on their own construction projects. This insurance solution mainly includes public liability and construction insurance cover.
The cost of public and products liability insurance depends on several factors, including the type of business, annual turnover, claims history, and the level of coverage required. Sole traders may pay less than larger companies, but risk exposure still plays a role. To learn more, visit our guide: How much does public liability insurance cost?
While this policy covers a wide range of third-party legal liability claims, there are standard exclusions. These typically include:
Always review your policy wording carefully or speak with your insurance broker to understand your coverage limits. See also: What are some of the things Public Liability doesn’t cover?
This insurance is essential for any type of business that interacts with customers, supplies goods, or works in public spaces. It is especially recommended for:
Trades and construction professionals
Even if not legally required, it is a standard business insurance practice that provides peace of mind and protects your business against claims.
Our products liability insurance and public liability cover typically applies to:
In addition to legal claims, it also covers related legal costs, reducing the financial burden on your business.
Yes, many businesses opt for optional extras to strengthen their insurance package. These may include cover for:
Speak with an FD Beck insurance broker to customise your policy and ensure it aligns with your risk profile.
