Public & Products Liability

What is legal liability insurance?

Legal Liability or General Liability insurance is there to protect your business against financial loss resulting from allegations or claims of bodily injury or property damage caused to others by you or your employees. A wide variety of exposures from various sources can give rise to a liability claim. Major sources of liability for businesses include:

Public Liability

Where a third party (a different person to those in the business such as a client or visitor) becomes injured arising from the activities of your firm. Examples include a customer slipping or tripping over something on the floor left by an employee.

Products liability

Product liability exposures exist when you manufacture, distribute or sell a product. An example could be Imagine you're a furniture manufacturer and your are sued by the parents of a child that experienced brain injury due to suffocation in a crib that your company made. Your products liability insurance would pay for the cost of your defence, in addition to the actual damages awarded by the court. Click on this brief video for another perspective

Property Owner’s liability

These liability exposures exist when you own premises. So, if a client trips and falls on a broken step that you didn't fix up or maintain properly and as a result you were found negligent, property owner’s liability insurance will pay for defence costs and damages due to the injury. Simply, you are responsible as a property owner against injuries or property damage caused to other people arising from the building.

Contract Works liability

Contractors have significant liability exposures relating to the work a contractor has performed and finished. For example, a three level walkway at a hotel gave way during a concert and many people were killed. When the contractors that constructed the hotel were sued for negligence, they were protected by the liability attached Contract Works or Construction Risk policy.

Who should have liability insurance?

All businesses, including home-based operations, benefit from adequate general liability coverage. And just because you work from your home doesn't mean business liability insurance isn't essential. A client who comes to your house for a meeting could slip and fall, and if you don't have business liability insurance in place, you can be caught without protection.

A smart solution

If you need business liability insurance, or if you just want to learn more about this cover, CPR Insurance Services can help. We have helped many businesses protect against these liability exposures. Our experienced liability experts will help you obtain quality, cost-effective Liability insurance coverage – tailored for your business’s unique needs

As a CPR insurance client, you will receive

  • The advantage of working with experts who are trained and experienced in liability exposures, ensuring appropriate insurance advice and solutions.
  • Benefit from our strong relationships with leading insurance companies.
  • Enjoy solid protection from "A" rated carriers.

Home Based Businesses

Latest News

Illegal or unsuitable cladding now a big issue

Why we have laws, regulations and Australian standards? Because some people just do the wrong thing all for the sake of making money. The cladding issue is the subject of 4 Corners program on the ABC.

We are already seeing Insurance policies now placing exclusion endorsements into their policies excluding and claims relating to illegal cladding. We are seeing Governments demanding Audits of all existing buildings above a certain height. There are accusations of Builders taking other short cuts such as on Wiring, Pipes and sprinkler systems. 

The question is, who is to blame? Who will take responsibility?

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Small business in NSW

Right after the NSW Government have reimposed Fire Service Levies, they have at least made an effort for small business. The government has announced it will abolish stamp duty on a number of policies taken out by a small business. This is an important change.

What is a small business? In order to gain the exemptions, the business must be a small business for Capital Gains Tax Purposes for the income year in which the insurance is effected or renewed. A small business for CGT purposes is: “an individual, partnership, company or trust that is carrying on a business, and has an aggregated turnover of less than $2 million.”

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