Ensure You Have the Right Amount of Cover
As a business owner, you're liable for any financial loss, damage, or harm caused by your company or its products. Accidents happen, and you must be prepared for them, even if they're not your fault or you don't intend to cause harm. Public liability insurance protects you and your firm from the financial risks of being held liable for a third party's death, injury, property loss, or economic loss due to your negligence.
About us
The IPS Group offers a full spectrum of financial services for individuals, small to medium businesses, and large corporations.
What We Do
From business insurance protection to complex wealth-creation strategies to smarter financial management.
Pillars of Success
A unique drive and dedication to provide financial services in action, whether you require Insuring or Financial Planning.
Public Liability
Public liability insurance covers claims for injuries or damage to property, which can be very expensive (often hundreds of thousands to millions of dollars). Given this trend, you should be ready for the possibility of being sued. You and your business need this kind of safety net because if you are found legally responsible for an accident or other unexpected event, the costs can be very high.
Who is it for?
While public and product liability insurance isn’t mandatory for most businesses, it is recommended for all companies. That’s because the unpredictable nature of accidents makes them hard to prevent – and the costs of being sued can be extraordinarily high.
What does this Insurance cover?
Public and products liability insurance helps protect your legal liability to third parties, including clients, customers and the public for injury or damage to their property, caused by your business. It can even cover emotional distress or shock that your business causes another person. It will generally pay your costs of investigating, defending and settling claims, as well as any compensation payment you are found legally liable to pay.
Depending on your policy, public and products liability insurance can cover:
- Personal Injury
- Property Damage
- Advertising injury
What's not covered
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. Policies generally won’t include cover for:
- Cost of rectifying faulty workmanship
- Damage to your own product
- Claims by employees
- Claims arising out of the use of a registered motor vehicle
- Claims related to asbestos
Insuring
Planning
Call us today to assess Public Liability Insurance options
If you choose us as your insurance brokers, we'll put our years of experience, in-depth knowledge of the industry, and helpful service to work for you to make sure your home, investment property, or portfolio is well protected in case something unexpected happens. No matter what criteria you give, we will research the market to find the homeowner's insurance policy and personal property coverage that fits your needs.