Business Legal Liability is a policy that can be taken out under our Commercial Plan. It provides protection for your business against the financial loss experienced if you are found liable to pay compensation for property damage or personal injury caused by you, your employees or your products.
Even if you are not at fault, there may be considerable legal costs incurred in defending a claim. If we agree to indemnify you, we pay the reasonable legal costs you incur to defend or settle the claim made against you, so long as you seek our prior approval.
For loss of or damage to property in your physical or legal possession, custody or control, we pay up to $250,000 or the sum insured shown on the Certificate of Insurance.
This policy can also extend outside Australia with respect to an overseas business visit in connection with your business by directors / employees and products supplied from within Australia.
The information provided above is intended as a summary only and is subject to the terms & conditions of the policy. For full details of the cover, conditions and exclusions relating to WFI’s business insurance please refer to the WFI Commercial Plan Product Disclosure Statement (PDS).
If you are an existing policyholder, a previous version of the PDS may apply to your policy. Please contact WFI on 1300 934 934 for assistance.
For previous policy booklets, check our policy booklets page.