Public Liability Insurance
Public Liability Insurance covers the costs for legal action if you are found to be legally liable for death or injury, loss or damage of property or economic loss resulting from negligence. In today’s litigious society, the likelihood of being sued is very real, is increasing and can be unpredictable and very costly. In some cases, businesses are asked to provide evidence of liability insurance before entering into contracts or third-party premises. A claim may be brought against you even if you’re not negligent and you can be left to defend the claim which can become significantly expensive.
Lockmor Insurance prides itself on listening to your unique business needs and negotiating the most appropriate cover for your business.
Public Liability insurance
Product Liability Insurance
If you manufacture products, sell or distribute products or import products into Australia, you need Product Liability Insurance. Product Liability Insurance covers you for damage or injury that you might cause to a third party by your product or service. In many cases, action can be taken against you and you will have to prove you weren’t negligent.
Lockmor Insurance prides itself on listening to your unique business needs and negotiating the most appropriate cover for your business.
Professional indemnity insurance
Professional Indemnity Insurance
Professional Indemnity Insurance covers professionals who provide advice or services to their customers and protects your business against legal costs and claims made by third parties for damages arising from acts, omissions or breach of professional duty in the course of your business.
This means that if you do something or neglect to do something in the course of your work, and your customer suffers injury or financial loss as a result, they may take legal action against you. With the right insurance policy, you can defend your business against the claim and prevent financial loss.
This type of cover is in some cases now required before contracts will be issued and work can commence. Do you give any advice through the course of your daily role? Can you afford not to be protected for this advice?
Lockmor brokers will find you the right cover and, in some cases, can offer a retroactive date to ensure cover for advice previously given.
Limits ranging from $50,000 to $10 million can be arranged, as required.
