Small business owners have a responsibility to others - customers, employees, suppliers - and their property while it is on your premises or when you are working on theirs. If you are held accountable for accidental damage and grievances it will impact your business, your reputation and your finances.
This is where public liability insurance cover comes into play. It’s designed for small business owners and sole traders in New Zealand, no matter if you are based in Auckland, Wellington, Christchurch, Hamilton or anywhere else.
NZ Public liability insurance, or general liability insurance, generally consists of public and product liability insurance cover. If you don't have public liability insurance, any compensation payments and legal costs could put you out of business.
This liability insurance covers the legal liability and cost of damages if your business is responsible for personal injury or property damage. Many small business owners consider this insurance is essential for good risk management. It protects your business if you are sued for personal injury or death. It also covers your business for damage to other people's property such as goods left for repair or dry cleaning. Damage to a customer’s property caused by installers on site or damage to their personal effects while they are on your premises is included.
Our product covers defence costs and expenses incurred in relation to a claim. It also covers advertising liability, personal injury or property damage caused by unmanned aerial vehicles such as drones. Damage caused to underground services such as cables and pipes is also covered. Cover for damage caused to other’s property arising from vibration or weakening of buildings is included. Advertising liability can arise from defamation, infringement of copyright, title or slogan and unfair competition.
Our liability insurance product covers tenant's liability. Our insurance company will indemnify your business if you become liable for damage to premises that are leased or rented but not owned by your business.
Product liability cover is also included. It covers defective workmanship and product withdrawal costs. This applies where that product has the same defect that has already given rise to a successful claim under public liability cover.
Our liability insurance product starts at $2m. Business owners can upgrade to $5m and $10m limit of indemnity for personal injury and property damage to others within New Zealand.
For more information on business insurance and other insurance products offered, please read the terms and conditions in our policy wording and our useful articles on liability insurance.