Quote Originally Posted by HK1837 View Post
I know my Public Liability Insurance wouldn't cover failure of a part I sold, nor should it I think? Indemnity Insurance wouldn't do it either I don't think. The only way out is Limited Liability (ie Pty Ltd). However if a mechanic can replace bushes and balljoints in a 2nd hand bit, I can't see why they can't be sold on an exchange basis, but Greg will probably elaborate later on this.
Byron, public liability and indemnity is usually trade specific. I am a Builder and my public liability covers anyone who is injured on one of my building sites.... my indemnity insurance covers damage or injury in case of faulty workmanship... IE if a deck I built collapses and injures or kills people.

Mechanics may have a higher risk so higher premiums but they would be covered the same as I am. This would apply to reconditioners, manufacturers etc.....

I would assume Gregs public liability would cover anyone injured while on his property and the indemnity would cover him for damage or injury that occurs should one of the parts he sells fail.