It’s probably taken you years to build up your business and you’ve invested a lot of money in it too. But what if something happens to your customer and their property while they’re in your store or while using your product or services? You could be sued and this could leave you financially ruined. Before anything like this happens, make sure you’ve got Broadform Liability insurance .

Who needs this?

All business owners whether you:

• have business premises frequented by third parties,
• frequent third party’s premises or
• produce, sell, store, alter, repair any products.

Why do you need this?

As a small business owner, you need to protect your business and the money you’ve invested in it to make sure that you can carry on trading. Business owners can be held responsible for:

• Third parties being hurt or having their property damaged at your business premises. This could be a car damaged in your parking lot or a customer could hurt themselves by tripping over uneven paving on the way to the front door.
• Causing resultant damage to a third party’s property while working at their premises. For example, a plumber could flood a house by not doing his work correctly .

Under South African law, manufacturers, retailers, distributors and/or suppliers can all be held responsible for any property damage or bodily injury caused by their products. The consumer can choose who they sue - that could be the retailer/supplier who sold them the product or the manufacturer.