What is Public Liability Insurance?
Public liability insurance is a form of business insurance that protects your company against legal liability for injuries or property damage caused to members of the public during the course of your business operations.
Why It Matters in New Zealand
Under New Zealand law, businesses have a duty of care towards the public. If someone is injured or their property is damaged due to your business activities, and you're found liable, the costs can be astronomical. Public liability insurance provides essential protection against these financial risks.
What's Typically Covered
- Bodily injury to members of the public
- Property damage caused by your business
- Legal costs and court fees
- Medical expenses for injured parties
- Loss of earnings if you're unable to work after an incident
Coverage Limits in NZ
Coverage limits typically range from $1 million to $20 million, depending on your industry and risk profile. Contractors and high-risk industries often require higher limits.
Exclusions to Be Aware Of
Public liability insurance typically doesn't cover:
- Injury to your own employees (covered by ACC)
- Professional errors or negligence (requires Professional Indemnity)
- Damage to your own property
- Intentional harm or criminal acts
Getting the Right Cover
The appropriate coverage level depends on your industry, the nature of your work, and your annual turnover. We recommend comparing quotes from multiple insurers to find the best protection at the right price.