First, legal costs in the defence or settlement. Second, loss or damage of property. Third, compensation for injury. If you are still a little unclear, take a quick read of our blog on what Public Liability Insurance covers. This will take you into more detail.
Keep in mind, all policies are different. What they may not cover depends on the nature of the business. Here are the three main criteria for what Public/ Product Liability Insurance might not apply to:
Now that you’ve read this, I trust you have a better idea on what Public Liability Insurance may not cover. The bottom line is that it depends on the policy and the type of business you run. Ultimately, Public Liability Insurance may not cover employees, professional advice or faulty workmanship. However, we recommend getting professional advice on this.
The great news is that FD Beck has a free online insurance quoting tool tailored for contractors, consultants or freelance professionals. In fact, our online calculator has almost 150 professional occupations to choose from. FD Beck’s online PI insurance calculator offers limits options of $500,000, $1,000,000, $2,000,000 and $5,000,000. Better still, our online calculator includes other products such as Public Liability and Cyber Insurance. That’s just to name a few.
For over 100 years, FD Beck has protected Australians. Rest assured, we have the knowledge and expertise to handle every aspect of your insurance needs.