A public liability insurance quote helps determine the cost of this type of an insurance coverage for your business. The main pieces of information required, to get either an online or offline quote are business type or category, number of employees and details about business activities.
Usually, for a Public Liability Insurance quote, you will need to:
1. Clearly stating the type of business you conduct.
2. For a public liability insurance quote, the second important thing you have to indicate is the type of incorporation of your business (i.e., limited company, sole proprietorship, partnership etc).
3. Indicate an estimate of the annual turnover of the business. The annual turnover is the total amount of receivables against goods and/or services sold.
4. For a liability insurance quote, it is necessary to provide details about any prior claims in the past. Also, details about any incidents that may result in a claim being filed are also mandatory. In case of prior claims, you will also have to furnish the dates, circumstances and amounts also.
5. Indicate whether you carry out work in a commercial or industrial zone apart from your office or shops.
6. Stating all subsidiary companies associated with your main business.
7. Applying for a quote requires you to select the coverage for public liability and product liability. The former gives coverage for damage to third party people or their property while on your property. The latter provides coverage if an individual (or group of individuals) bear damage by using a product of yours.
8. Indicate the maximum no. of workers so that the insurer can calculate the premium. The no. of directors/partners, employee strength, no. of clerical partners and clerical employees, all need to be specified.
9. Indicating whether there have been any claims or incidents relating to occupational conditions, such as asbestos related illnesses, deafness, lung cancer, etc. is also commonly asked on your liability insurance quote application.
10. The starting date of coverage is also to be provided for a Public Liability Insurance quote. A 30 day period is what most insurance providers will be able to provide a quote for.
You will most likely get a quote confirmation summary via email if you applied for public liability insurance quote over the Internet. This will not be bounding in any sense, rather an initial estimate for your understanding. You will have to sit down and have detailed discussions with the representative(s) of the insurance provider.
It is a good idea to get a multiple quotes from different insurers online. This will speed up the process and allow you to secure an affordable premium from a reputable insurer for your business or your home.
Usually, for a Public Liability Insurance quote, you will need to:
1. Clearly stating the type of business you conduct.
2. For a public liability insurance quote, the second important thing you have to indicate is the type of incorporation of your business (i.e., limited company, sole proprietorship, partnership etc).
3. Indicate an estimate of the annual turnover of the business. The annual turnover is the total amount of receivables against goods and/or services sold.
4. For a liability insurance quote, it is necessary to provide details about any prior claims in the past. Also, details about any incidents that may result in a claim being filed are also mandatory. In case of prior claims, you will also have to furnish the dates, circumstances and amounts also.
5. Indicate whether you carry out work in a commercial or industrial zone apart from your office or shops.
6. Stating all subsidiary companies associated with your main business.
7. Applying for a quote requires you to select the coverage for public liability and product liability. The former gives coverage for damage to third party people or their property while on your property. The latter provides coverage if an individual (or group of individuals) bear damage by using a product of yours.
8. Indicate the maximum no. of workers so that the insurer can calculate the premium. The no. of directors/partners, employee strength, no. of clerical partners and clerical employees, all need to be specified.
9. Indicating whether there have been any claims or incidents relating to occupational conditions, such as asbestos related illnesses, deafness, lung cancer, etc. is also commonly asked on your liability insurance quote application.
10. The starting date of coverage is also to be provided for a Public Liability Insurance quote. A 30 day period is what most insurance providers will be able to provide a quote for.
You will most likely get a quote confirmation summary via email if you applied for public liability insurance quote over the Internet. This will not be bounding in any sense, rather an initial estimate for your understanding. You will have to sit down and have detailed discussions with the representative(s) of the insurance provider.
It is a good idea to get a multiple quotes from different insurers online. This will speed up the process and allow you to secure an affordable premium from a reputable insurer for your business or your home.
About the Author:
Ben Ashfalk knows a lot about obtaining a public liability insurance quote and public liability insurance coverage.
