Every business comes into contact with customers and suppliers on or off premises, and is either selling a product or service. This doesn’t come without bearing liability.
All businesses are accountable to the third parties that they come into contact with including the general public. If accidental bodily injury or damage occurs to a third party entity or property arising as a result of your business’s activities, your business may be held liable. Your business can also be held liable, if your product causes bodily injury or damage to a third party entity or property. Litigation and remediation costs, fines and penalties can be material and detrimental to your business.
Sometimes, no matter how tight or regulated business processes are, there are certain things that occur outside of our control. Public and Product Liability insurance can provide your business with the peace of mind that if an accident occurred, you have the right level of cover to protect your financial position against potentially costly personal injury or property damage claim.
BGI Insurance specialists have helped many businesses over the years avoid devastating costs, by helping them choose the right insurance premium and reducing their level of risk. We hold the security measures you need to protect the future of your business.
What Is Public Liability Insurance?
Public Liability Insurance (PL) provides much needed protection for any company or professional who interact with customers or members of the public. PL Insurance provides protection against claims of personal / property injury suffered by 3rd parties.
Should you have Public Liability Insurance
Most businesses inevitably interact with their public surroundings and as such it is prudent to cover this unlikely but potentially significantly costly risk.
Why use BGI Brokers?
It is essential that your business has a PL policy that matches your business profile. This includes the amount of cover and that it covers both your staff and customers throughout there daily activities.
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BGI Brokers Pty Ltd | ABN 18 144 834 337| CAR No. 000374852 and Kathy Calleja | AR No. 000374851 are Authorised Representatives of Community Broker Network Pty Ltd | ABN 60 069 916 184 | AFSL 233750