Public Liability Insurance Broker for Your Business Needs

A public liability insurance broker can help your business avoid costly lawsuits and financial ruin. This type of insurance is a must-have for businesses that interact with the public.

Public liability insurance typically covers damages or injuries to third parties, such as customers, clients, or bystanders, up to a certain limit. This limit can vary depending on the policy and the business's specific needs.

Having a public liability insurance broker on your side can make all the difference in navigating the complex world of insurance. They can help you find the right policy for your business and ensure you're adequately protected.

By choosing a reputable public liability insurance broker, you can rest assured that your business is in good hands.

We've been arranging commercial insurance policies for over 30 years, giving us a wealth of experience in finding the right Public Liability Insurance for businesses.

Our independent status allows us to shop around and find the best deals, ensuring you get the right coverage at the right price.

We know where to find the right Public Liability Insurance, so you can rest assured that your business is protected.

The cost of public liability insurance varies depending on the risks your business faces. If you're a sole trader based at home, your insurance is likely to be lower than if you operate a site with heavy equipment moving around and members of the public visiting.

Your business faces risks away from its own premises too, which can result in higher insurance premiums. Processes like the application of heat equipment at third-party premises carry a greater risk of damage.

You can trust that a public liability insurance broker will search the market to get the right cover for your business at the best price available. This is a guarantee, not a promise.

By engaging in the services of a public liability insurance broker, you will be guaranteed savings. With access to over 150 insurers and underwriters, savings are almost guaranteed.

Insurance brokers have extraordinary negotiating power, which means they can access further discounting with insurers. This is a significant advantage for businesses looking to reduce their insurance costs.

Public liability insurance is designed to protect you and your business from the financial implications of harm suffered by customers, clients, and the general public due to your negligence.

This type of insurance typically covers the cost of legal defence and compensation awards in the event of injury to a third party or damage to their property.

Personal Injury and Property Damage are key areas of protection offered by a Public Liability policy. This includes cover against accidental harm or damage caused to others.

Products Liability is also standardly included in a Public Liability policy. It protects you from the financial implications that result from personal injury caused by your products.

As a result, you can have peace of mind knowing that you're covered in case something goes wrong.

General liability insurance is a type of policy that covers claims of bodily injury or property damage resulting from your business activities.

It's also known as public liability, business liability, or commercial general liability (CGL) insurance. Some policies may cover copyright infringement and other incidents that can cause reputational damage.

Policies can be purchased as part of a business owner's policy (BOP), which is only available to businesses earning less than $1 million in revenue and employing fewer than 100 staff.

A public liability policy protects your business against claims of bodily injury, property damage, and reputational harm resulting from your daily operations.

It pays for the legal and settlement costs arising from lawsuits, as well as some medical expenses.

Unlike other types of insurance, liability coverage compensates third parties who file the claims.

To be valid, a claim must meet three conditions, according to the Insurance Information Institute (Triple-I).

Commercial general liability insurance comes in two main forms, depending on the level of coverage.

Policies help cover the cost of medical treatment if someone suffers an injury because of your business activities.

This is regardless of who is at fault or whether a lawsuit has been filed.

Among the most common bodily injury claims involve slips and falls.

Public liability coverage pays for the cost of repairing or replacing a third party's property if the damage was a result of your day-to-day transactions.

If you're wondering who needs public liability insurance, the answer is more businesses than you might think. Businesses with physical stores, offices, or premises with heavy foot traffic should definitely consider getting this type of insurance.

Having a physical store or office with high foot traffic is a clear indication that you need public liability insurance. This is because you're more likely to have accidents or injuries on your premises, and this insurance will help protect you financially.

If you handle or conduct work for or near another person's or business' property, you'll want to get public liability insurance. This is especially true if you're working with hazardous materials or equipment.

Creating advertisements or marketing materials can also increase your liability risk. This is because you may be held responsible for any mistakes or inaccuracies in your ads.

Using social media as part of your operations can also expose you to liability risks. This is because you may be held responsible for any content that's posted or shared on your social media channels.

Manufacturing or selling products also requires public liability insurance. This is because you may be held responsible for any defects or injuries caused by your products.

Here's a list of some businesses that may need public liability insurance:

As a public liability insurance broker, it's essential to understand the policy and claims process to ensure your business is protected. Policy limits are a crucial aspect of public liability insurance, with per-occurrence limits often set at $1 million and aggregate limits capped at $2 million.

These figures can be adjusted depending on your business needs, but keep in mind that higher coverage limits mean more expensive premiums. It's a trade-off worth considering, especially if you have a high-risk business or a large customer base.

In the event of a claim, your insurer will work to determine whether negligence was involved. If negligence is found, your insurance policy will cover the damages. But if you're not found to be negligent, your insurer will still cover the legal expenses associated with defending your case.

Here are some examples of potential claims that may be covered under your policy:

Morgan Insurance Brokers are specialists in insurance for a vast array of industries, including construction, e-commerce, financial services, and manufacturing.

They have access to over 150 insurers and underwriters, which means they can offer you a wide range of insurance options to suit your business needs.

As a specialist Public Liability Insurance Broker, Morgan Insurance Brokers take the time to understand every aspect of your business, ensuring you have adequate insurance coverage tailored to your unique requirements.

They work for you, not the insurer, and will advocate on your behalf to secure a tailored insurance policy that aligns perfectly with your needs.

Morgan Insurance Brokers have a team of experienced brokers who can assess your current coverage and identify any potential risks to your business.

They handle claims on your behalf, from start to finish, at no extra cost – from lodgement to settlement.

If you need to submit a claim, contact Morgan Insurance Brokers and provide them with as much information as possible, including the date and time of the incident, the location, the type of incident, and a description of what happened.

Their team will guide you through the process and ensure that your claim is handled efficiently.

As a business owner, you want to protect yourself from potential lawsuits that could arise from your products. Product liability insurance can provide coverage for lawsuits from clients claiming injury or losses because of a product your business designs, manufactures, or sells.

This type of insurance includes coverage for legal defense costs and third-party compensation if your business is found to be at fault.

Public liability insurance is not compulsory to start or run a business.

In Australia, it's an optional layer of protection that provides peace of mind for businesses, especially when they're working hard to build something.

Depending on the level of coverage, commercial general liability insurance comes in two main forms.

You may need public liability insurance if you're working on a construction site and the head contractor or builder requires it as a condition of doing business with you.

For a claim to be valid, there are three conditions that must be met, according to the Insurance Information Institute (Triple-I).