Don’t leave your business exposed to potential liabilities. Reach out to Midas Insurance brokers today at 1300 664 272 or fill out our quote form.
Let our experts help you select a public and products liability insurance policy that caters to your needs.
While not always legally mandatory, certain industries, contracts, or client agreements might require you to have it. Even if not compulsory, it’s advisable for most businesses due to potential legal and compensation costs.
The premiums for this type of insurance are influenced by a range of factors. This includes the nature and size of your business, the industry you’re in, your annual turnover, number of employees, your claims history, and the level of coverage you choose.
Businesses perceived as ‘high-risk’ might have higher premiums.
To get a precise estimation tailored to your business, it’s best to contact Midas Insurance Brokers directly at 1300 664 272. We have the expertise to evaluate your specific circumstances, guide you through the factors affecting your premium, and offer solutions that provide optimal coverage at competitive rates.
No, this insurance primarily covers liabilities related to third parties, not your employees. For incidents concerning your employees in Australia, you’d typically require Workers Compensation Insurance, which is mandatory for most businesses with employees.
If your business faces a lawsuit related to product defects or incidents, the first step is to notify your insurance broker or insurer without delay. They’ll provide guidance on the claim process, and if your policy includes it, they can facilitate legal representation.
It’s crucial to avoid admitting liability until you have sought advice.
Absolutely. As businesses evolve, so do their insurance needs. Whether your business is expanding, diversifying, or even downsizing, it’s essential to periodically review and adjust your insurance cover.
An annual review with your broker is recommended to ensure your coverage matches your current business status and future projections.
Let our experts guide you to the right public and products liability insurance tailored to your needs. Don’t leave things to chance – ensure your business is protected.
At Midas, we cater to a diverse range of insurance needs:
Want to dive deeper into a specific service? Reach out to our team, and we’ll guide you through every step.