Public Liability Insurance
About Public Liability Insurance
Public Liability Insurance protects your business against claims legally liable due to injuries suffered or damage to property because of the negligence of your employee. It ensures your business is protected from any third-party claims in Singapore, including liability that arises from the use of electric vehicle chargers. For example: due to negligence of your employee, a customer accidentally trips over a piece of equipment and injures him or herself and may seek compensation legally. These unexpected “accident” costs incurred may be detrimental to your business. Hence, it is crucial to ensure your business is covered with our Public Liability Insurance.
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What coverage does the Public Liability Insurance include?
Coverage includes third party injury and damage to third party’s property due to negligence of your employee. It also helps you to lessen your financial burden in the event that you are caught in an unfortunate legal suit.
What does the Public Liability Insurance coverage exclude?
The coverage of the Public Liability Insurance only applies to said business at your business premise and anywhere in Singapore in connection to your business.
Does my business require purchasing Public Liability Insurance?
Although it is not compulsory under Singapore law to purchase a Public Liability Insurance, it is highly encouraged for all businesses to have a Public Liability policy in place. With this, you and your employees can enjoy peace of mind.
Protected up to specified limits by SDIC.
Useful Tips
What coverage does the Public Liability Insurance include?
Coverage includes third party injury and damage to third party’s property due to negligence of your employee. It also helps you to lessen your financial burden in the event that you are caught in an unfortunate legal suit.
What does the Public Liability Insurance coverage exclude?
The coverage of the Public Liability Insurance only applies to said business at your business premise and anywhere in Singapore in connection to your business.
Does my business require purchasing Public Liability Insurance?
Although it is not compulsory under Singapore law to purchase a Public Liability Insurance, it is highly encouraged for all businesses to have a Public Liability policy in place. With this, you and your employees can enjoy peace of mind.
What types of businesses can benefit from Public Liability Insurance?
Public Liability Insurance is suitable for a wide range of businesses in Singapore, including retail shops, restaurants, offices, manufacturers, event organisers, and contractors. Any business that interacts with third parties, such as clients, suppliers, or the general public, can benefit from this coverage.
How much coverage should my business get under Public Liability Insurance?
The amount of coverage depends on your business activities, location, foot traffic, and potential exposure to third-party risks. Higher-risk industries may require higher coverage limits. A consultation with your preferred China Taiping Representative can help determine the appropriate sum insured for your business needs
