How would your business survive if you were sued over your Business premises or products you sold or supplied?
An example is of an incident which may lead to a claim under a Liability policy would be Personal injury suffered by a Third Party as a result of using a face cream manufactured by you which contained incorrect and harmful ingredients.
In a society which is becoming more and more litigious, protecting your business against Liability claims is more important to a business' survival than ever.
Broadform Liability insurance is designed to indemnify a business for legal liability arising from personal injury or property damage to Third Parties as a result of your business or products.
It is not recommended that a policy limit of less than $5,000,000 be purchased. Whilst it is possible to obtain policies for more than $20,000,000, these are rarely required for small to medium sized businesses.
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