Liability insurance

Types of liability insurance you need to consider:

Public Liability

Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or 'pure economic' loss resulting from your negligence.

Professional Indemnity

Professional indemnity insurance protects you from legal action taken for losses incurred as a result of your advice. It provides indemnity cover if your client suffers a loss - either material, financial or physical - directly attributed to negligent acts.

Product Liability

If you sell, supply or deliver goods, even in the form of repair or service, you may need cover against claims of goods causing injury or damage. Product liability insurance covers damage or injury caused to another business or person by the failure of your product or the product you are selling.

What to do...

Read more about product liability on the Australian Competition and Consumer Commission website.
Talk to a number of insurance companies and brokers to discuss what is best for you - search our directory for insurance and broker associations, or check the phone book.
Contact your industry association or professional body to find out if they can help - search our directory for your industry association.
See information about insurance in your state or territory.