What Public Liability insurance covers in Australia is protection if you or your property causes injury to someone else or damage to their property, covering legal costs and compensation $5M to $20M, costing $300 to $800 per year for small business and $200 to $500 for vacant land. Public Liability insurance covers bodily injury to third parties, such as customer slips in shop, visitor falls on your vacant land, or tenant injured due to faulty stairs, with claims $100K to $500K for injury, medical $50K and loss of income $100K. Covers property damage to others, such as fire from your vacant land spreading to neighbour house $200K, or water leak from your flat damaging neighbour $20K. Covers legal costs $50K to $100K for defence and settlement. For example, if you own vacant land and child injured playing, public liability $20M covers $200K compensation. For landlord, public liability $20M included in landlord insurance $400 to $600 per year covers tenant injury $100K. For business, public liability $10M covers customer injury. So Public Liability insurance covers injury to others, damage to others property and legal costs up to $5M to $20M, costing $200 to $500 per year for vacant land, $300 to $800 for small business, essential for landlords, vacant land owners and businesses to avoid $100K to $500K claims.
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