Insuring for Public & Product Liability

Unfortunately, Australia is one of the most litigious countries in the world. Every business interaction is a risk, but without risk there is no reward. With the right insurance protection you can protect your business and assets and operate a successful business.

If your business activities cause injury or property damage to a third party, you may be responsible for this.

In addition to compensation, legal defense costs can be very high and these can also be covered under the insurance policy.

Tempo Tips

• Your broker should review insurance or indemnity conditions in your contracts with clients and your landlord
• Do you import goods from overseas? Under Australian law, you may be the deemed manufacturer
• Do you use subcontractors? Do they have their own insurance policy?