Public liability insurance is not legally mandatory for all businesses in Australia, but many commercial leases, client contracts, government tenders and industry licences require businesses to hold a minimum level of cover before operating. Even where it is not mandatory, it provides essential protection against costly third-party injury or property damage claims.
The level of public liability insurance required depends on your industry, risk exposure, turnover and contractual obligations. Most small businesses choose between 5 million, 10 million or 20 million dollars in cover. Higher-risk industries such as construction often require 20 million dollars, while lower-risk service providers may only require 5 million dollars.
No. Public liability insurance covers claims made by third parties for injury or property damage caused by business activities. Employee injuries are generally covered under workers compensation insurance, which is a separate and legally required policy in Australia.
The cost of public liability insurance for Chatswood businesses varies depending on a number of factors. Key factors include what your Chatswood business does, how many staff you employ, your revenue, and whether you work offsite. A tailored public liability policy for your Chatswood business may cost less than you think, speak with one of our advisers to get an accurate quote.
The cost of public liability insurance for Chatswood businesses varies depending on a number of factors. Key factors include what your Chatswood business does, how many staff you employ, your revenue, and whether you work offsite. Many Chatswood small businesses can access quality public liability cover starting from a few hundred dollars per year.
Yes, public liability insurance is not limited to your Chatswood business premises. Whether you are working at a client’s property, a job site, a public space, or anywhere else in or around Chatswood, your public liability policy will generally extend to cover those activities. Speak with our team to confirm that your Chatswood business activities, both on and off premises, are fully covered under your policy.
When a claim or incident arises involving your Chatswood business, prompt notification to your insurer is critical. You should document the incident thoroughly, including photos, witness details, and a written account of what occurred, and avoid admitting liability before speaking with your insurer. Insurance Me Advisory provides hands-on claims assistance to Chatswood businesses, helping you navigate the process and communicate with your insurer from start to finish.
