While it can be purchased within a business s package, your occupation or turnover may determine that a stand alone Combined Liability or Broadform Liability policy is more suitable. The product combines both Public and Products liability to cover legal liability with respect to personal injury or property damage as a result of or in connection with your business activities.
It is commonly a legal requirement for businesses to hold this cover. This product can also often provide cover for damage to property belonging to others in your care, custody or control; incidental errors or omissions and legal defence costs depending on your requirements.
If you have contractual liability obligations such as Joint Assureds, Waivers of Subrogation, Cross Liability or Hold Harmless Agreements these should be referred to your Insurer for review and acceptance. They are not always automatically covered and great care should be taken when entering into contracts or service agreements. You should always seek advice from a qualified legal practitioner in respect to contracts or service agreements.