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Liability Insurance is generally a good thing to have in your back pocket in case something goes terribly wrong, especially if it harms someone else in the process in any way. This harm can be in the form of property damage or personal injury, because of which the third party member feels afflicted. Public Liability Insurance helps you by protecting you against the financial consequences of a lawsuit. It is also possible that the third party may not directly file a lawsuit, and you could instead be dealing with his or her agents or employee(s).

Every now and then, life throws a curve ball and we find ourselves in situations that were best left avoided, and difficult to get out of. The most difficult of these tend to be legal ones. Are the financial consequences you are facing more than you can manage? How are you going to manage to pay all those legal fees without burning a hole in your pocket?

What you need is Public Liability Insurance, because causing someone else any sort of harm can be taxing on your own pocket and time. But sometimes there are situations which we cannot avoid or control, and that is when it will be a good idea to have Public Liability Insurance to assure yourself that everything is going to be okay.

icon-quote-left You may opt for a standalone Public Liability Insurance package. However, it is highly recommended to combine this with other general business insurance such as Fidelity Guarantee Insurance, Business Interruption Insurance, Burglary Insurance, Machinery / Equipment / Glass Insurance, Product Liability Insurance, Work Injury Compensation Insurance and Group Personal Accident Insurance where desirable premium rates are offered! icon-quote-right



Benefits

icon-check-circle The policy assures the insured against the amount which he becomes legally liable to pay as compensation as a result of:

• Bodily injury to or illness of any person
• Loss of or damage to property

icon-check-circle The policy also covers all costs and expenses of litigation:

• Recovered by any claimant against the insured
• Acquired with the written consent of the insurer in respect of a claim against the insured for compensation

icon-check-circle However, there are boundaries to be maintained by the insurer in terms of the accident. The insurer will state that public liability insurance benefit will only be paid out if the accident occurred:

• During the period of insurance
• Within the places covered under the policy
• While carrying out duties by or on behalf of the insured individual in connection with the business or operations as stated in the policy schedule.
Exclusions specific to Public Liability Insurance are:

icon-times-circle Liability in respect of loss of or damage to property

icon-times-circle Liability in respect of injury/illness/loss damage caused by or in connection with or arising from any accident, loss, destruction, damage or legal liability directly/indirectly caused by or contributed to or arising from nuclear weapons materials.

icon-times-circle Liability expressly agreed to under a contract.
What to do in the event of a Claim
Once you attain Public Liability Insurance, here are some steps you’re going to have to follow in the event of a claim:

icon-microphone Notify us immediately after discovery of an incident which may give rise to a claim under the policy.

icon-plus  Notify the police if there is evidence of criminal or malicious act involved.

icon-thumbs-o-up  Take reasonable measure to mitigate the loss.

icon-clipboard For claims consideration, you will be asked to fill out and submit a Liability Claim form, along with relevant documentation, which includes the following:

• Accident Report
• Police report
• Colour Photos of damaged property and location
• CCTV footage showing circumstances of incident
• Assessment Report from repairer on the cause and extent of the property damage
• Repair / Replacement Quotations or Invoices
• Tenancy Agreement and/or Contract Agreement with independent contractors (where applicable)
• Third party claimant’s letter of intention to claim, Writ of Summons, etc.

icon-quote-left It is important to remember that you should not admit liability without the written consent. It would be best if you refrained from discussing liability with any third party member, and instead hand over all your correspondence to your insurer along with relevant documentation. Also, remember, a legal representative has to be appointed to enter appearance within 8 days after receiving a Writ of Summons. icon-quote-right
icon-question-circle WHAT IS KNOWN AS A THIRD PARTY CLAIM?

icon-comments-o Any claim that is made against you by another individual is known as a third party claim.

icon-question-circle DOES THE POLICY COVER A GENERAL MEMBER OF THE PUBLIC OR ANY EMPLOYEE WHO HAS SUSTAINED AN INJURY?

icon-comments-o The policy can provide you with cover when a member of the public claims that you are responsible for their injury. However, it does not cover injuries sustained by employees, as this claim is can be handled under the Work Injury Compensation policy.

icon-question-circle IF A CUSTOMER FALLS WITHIN OUR STORE AND IS INJURED BECAUSE OF THE FALL, BUT DOES NOT FILE A CLAIM AGAINST US; DO WE STILL NEED TO NOTIFY THE INSURANCE AGENCY ABOUT THE INCIDENT?

icon-comments-o Yes, whether a claim has been filed against you or not, you need to notify us about the incident in writing so that we can keep ourselves prepared for a claim that may be filed later.

icon-question-circle THE TOILET IN OUR OFFICE HAS OVERFLOWED, CAUSING WATER LEAKAGE IN THE PREMISES THAT ARE LOCATED BENEATH OUR OFFICE. THE OWNER OF THE PREMISES IS ASKING US FOR A PAYMENT TO REPAIR THE WATER DAMAGE THAT HAS INCURRED ON HIS PROPERTY. SHOULD WE PAY THE MONEY TO HIM?

icon-comments-o No, do not make any payments to any claimants until you have obtained our written consent on the matter.

Hiring us as your consultants will provide you with the exact benefits which you, as a client, are looking for when it comes to Public Liability Insurance. As your consultants, we provide you with non-obligatory reviews on existing portfolios and advice accordingly.. Our experienced consultants with over 10 years of experience help you get the best quotes by researching insurance all over Singapore that prove to be in your best interest in terms of needs and affordability.



We make sure to be aware of the market when it comes to different types of insurers and insurance companies, which is why we know we can provide you with the most detailed information. Over the years we have felt privileged to work with some of the best insurers in Singapore, including companies like:

 icon-star AVIVA Ltd
 icon-star AXA Insurance Singapore Pte Ltd
 icon-star AIG Asia Pacific Insurance Pte Ltd
 icon-star China Taiping Insurance (Singapore) Pte Ltd
 icon-star EQ Insurance Company Ltd
 icon-star Liberty Insurance Pte Ltd
 icon-star MSIG Insurance (Singapore) Pte Ltd
 icon-star NTUC Income
 icon-star Overseas Assurance Corporation (OAC)
 icon-star QBE Insurance (International) Limited
 icon-star RSA – Royal & Sun Alliance Insurance Plc
 icon-star Tokio Marine Insurance Singapore Ltd.


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