Work out liability insurance cover instantly with clear inputs, formula shown and shareable results.
Public and product liability limits are benchmarked two ways — a percentage of turnover and an amount per employee — with the higher taken and then scaled for industry risk and claims history. Liability is a tail exposure, so the limit should reflect a plausible worst case, not an average claim.
Benchmarks
Base = max(Turnover x 2%, Employees x 150,000 per head)
Recommended limit
Limit = Base x Industry risk factor x (1 + 10% per prior claim)
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.
Both matter. An any-one-claim limit with a higher annual aggregate is the usual structure; check whether defence costs erode the limit.
Construction, food manufacturing, healthcare, chemicals and anything exporting to litigious jurisdictions.