Can you give example of legal liability in Australia, example is if you own house and visitor slips on wet floor and breaks leg, you are legally liable for injury $100K compensation and medical $20K, covered by home building public liability $20M included in building insurance $1,200 to $1,800 per year. Another example is if you own vacant land and child injured playing on your land due to hole, you are legally liable for $200K compensation, covered by vacant land liability $20M $300 per year. For business, if customer slips in shop and injures back $50K, business public liability $10M $400 per year covers. For landlord, if tenant injured due to faulty stairs $100K, landlord public liability $20M $400 to $600 per year covers. For car, if you cause accident injuring other driver $500K, CTP $400 to $800 per year covers injury to others. So example of legal liability is personal injury to third party $100K to $500K and property damage to others $20K to $200K, such as visitor fall $100K, child injury on vacant land $200K, customer slip $50K and water leak from flat damaging neighbour $20K, all covered by public liability $10M to $20M insurance $200 to $800 per year, protecting you from out of pocket $100K to $500K if legally liable.
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