What is Public Liability Insurance?

Grace Insurance understands the risk your business could face due to negligence. We can arrange public liability insurance for business to minimise the financial impact any future litigation may have in the event of a public liability claim.

Public liability insurance

Public liability insurance

Public Liability Insurance

Grace Insurance understands the risks you face when damage happens as a result of negligent actions that occur during the course of your business activities.

Public liability insurance is applicable when death or injury, loss or damage of property, or economic loss happens because of the negligent conduct of a person, a business, an event or a contractor. This insurance covers the expensive litigation costs as well as the compensation for damages or injuries sustained, should the outcome be to that effect.

Are you a business owner?

Business owners may be liable for damages or injuries to a third party or property. Public Liability Insurance is optional, but should you decide to not have public liability cover, you may find yourself in financial dire straits in the event of legal litigation where a person or property has suffered injury or damage as a result of alleged negligence from your business. The likelihood of legal action due to negligence is unpredictable and public liability will add to your peace of mind when carrying-on business.

Even though public liability insurance is usually voluntary, there are certain instances where it is compulsory. The licensing authority will provide guidance whether the insurance is required or not.

Public liability insurance may be included automatically in property insurance policies, whether it is insurance for a home, commercial property or even marine property. It may be included in most business packages, but is also available separately to larger businesses and in the event of businesses operating without a fixed premises.

There are exclusions to Public Liability Insurance being provided.  Should you be involved in known hazardous activities or criminal actions, those activities and actions will not be afforded public liability cover.

When public liability is included as part of other insurance products, take cognisance of the amount you are covered for. It is your responsibility to ensure that you are sufficiently insured.

What would qualify as personal injury to a third party?

  • Death, bodily injury, sickness, disease, disability, shock, fright, mental anguish and mental injury
  • False arrest, wrongful detention or imprisonment, and malicious prosecution
  • Wrongful eviction
  • Assault or battery
  • Libel, slander, defamation of character or invasion of the right of privacy, occurring during the period of insurance

Damage to property includes:

  • Actual physical loss of or physical destruction of tangible property
  • The loss of use of tangible property which has not been physically damaged but cannot be used due to physical damage to other tangible property which occurs during the period of insurance.