Public/General Liability Insurance

1. What is Public Liability Insurance?

Public Liability Insurance protects your business if someone (like a customer or visitor) gets hurt or their property is damaged because of your business. It’s essential to avoid unexpected, high costs that could impact your finances and reputation.

2. What does Public Liability Insurance cover?

The policy generally covers for:

• Injury Claims: If someone is hurt because of your business.
• Property Damage: If your business accidentally damages someone else’s property.
• Legal Fees: If you need a lawyer for any claims.

This gives you peace of mind knowing major risks are managed.

3. Who Needs Public Liability Insurance in Singapore?

If your business involves regular public interactions or work on client premises, Public Liability Insurance is essential. 

Key industries include:

• Construction & Renovation: Protects contractors against costly claims from property damage or injuries on-site.
• Retail & Hospitality: Covers risks from customer accidents in stores, cafes, and restaurants.
• Event Management: Required by venues to cover liabilities during events, conferences, and trade shows.
• Real Estate & Tenancies: Helps landlords and tenants manage risks from public traffic in leased spaces.

4. What’s the difference between Public Liability, Product Liability, and Professional Indemnity Insurance, and which one does my business need?

Each type covers different risks, so the right choice depends on your business activities and the potential liabilities you face. Here is a quick breakdown of each type:

Public Liability Insurance: This covers claims if someone is injured or their property is damaged due to your business activities. Essential for businesses that interact with clients or the public, like retail, hospitality, and construction.

 
Example: A customer slips and falls in your store — Public Liability Insurance covers their medical expenses and any legal fees if they file a claim.

Product Liability Insurance: Protects against claims arising from injuries or damages caused by products you manufacture, supply, or sell. Important for businesses dealing with physical products, such as manufacturers or retailers.

Example: If a product you sold malfunctions and causes harm, Product Liability Insurance covers related legal and compensation costs.

Professional Indemnity Insurance: Covers claims of negligence, mistakes, or advice that causes financial loss to clients. Ideal for businesses offering professional advice or services, such as consultants, architects, or accountants.

Example: If a client claims your advice caused them financial loss, Professional Indemnity Insurance helps cover legal costs and any compensation awarded.

5. What is not covered by Public Liability Insurance?

Public Liability Insurance generally doesn’t cover:

• Employee injuries (typically covered by Work Injury Compensation)
• Intentional damage or illegal activities
• Contractual liabilities not related to bodily injury or property damage
• Damage to your own business property