Most businesses operating in Victoria will either require public liability insurance or could certainly benefit from it.
Public liability insurance helps to protect many Victorian businesses of all different types by insuring them against the financial damages of property damage or personal injury. Without the cover, many businesses would not survive such an event.
Public Liability Requirements in Victoria
The requirement for businesses to hold public liability insurance in Victoria is generally no different to the requirements in any other Australian states, however there are a few minor differences.
For example, plumbers in Victoria are required by law to hold public liability insurance, and the policy must include a special extra known as consumer protection insurance. This type of cover is unique and is only available from certain insurance companies.
This requirement doesn’t just cover plumbers who are based in Victoria, but all plumbers who conduct work within the state regardless of where they are based.
What is Public Liability Insurance
Public liability insurance helps to protect businesses in Victoria from financial damages relating to property damage or personal injury caused by the business to a third party. Personal injury can also include death.
Where you are liable for damages relating the someone’s financial loss, the insurance provider will cover the costs of the claim provided that it falls within the guidelines of your chosen policy. Of course you should refer to the PDS (Product Disclosure Statement) to ensure your chosen policy meets all of your needs before taking out the cover.
Public Liability Cost in Victoria
The cost of public liability insurance in Victoria is generally quite similar to most other states, but there are a few exceptions. Sometimes the cover will be higher or sometimes lower, depending on the insurer’s claims history in Victoria.
Stamp duty also differs between the Australian states, so the stamp duty paid on insurance policies in Victoria will also have a minor impact on the public liability insurance premiums Victorians pay.
The cost of your public liability insurance also depends heavily on the type and size of your business, but this is generally not impacted by the state or states that you conduct business in.
Public Liability Insurance Quotes
There are a number of ways for Victorian businesses to obtain quotes on their public liability insurance.
In the past many business owners dealt with a local insurance agent or broker. Today, and increasing number of businesses are going online to find the best quotes and advice on their public liability insurance.
Here at the Public Liability Insurance Australia website we help businesses in Victoria and all over Australia by finding them the best quotes on the public liability cover. We do this via our network of insurance experts located around the country.
If you would like to obtain a public liability insurance online quote we can certainly help. Simply complete our online form and you will receive your quotes via email or phone depending on your preference.
For more information on public liability please follow the links around our website or contact us to be put through to an insurance professional.