Public Liability Insurance Quote - Important Information for your Quote

by Ben Ashfalk

A public liability insurance quote will enable you to price out premiums from various insurance providers. To get started, you will have to complete questions regarding your company, including the following: number of employees, type of business, and further details concerning your business activities.

The most general information required for a qoute includes the following:

1. Indicate your business type.

2. Clearly describing your business and indicating whether it is a limited liability company, sole proprietorship or a partnership.

3. An estimate of the annual turnover is also required. It is obvious that the potential insurance will want to know the total amount of receivables against goods sold or services provided (or both) by your business.

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. To get a public liability insurance quote, you will also have to indicate whether you have a working area in a commercial or industrial zone, apart from offices or shops.

6. Stating all subsidiary companies associated with your main business.

7. You are required to select public liability and product liability insurance on your quote application. Product liability is coverage in the event any of your business’s products causes damage to third party members. Public liability insurance covers you in the a third party suffers damages on your premises.

8. A public liability insurance quote will require you to provide details about the headcount and structure of your business. This is so because the insurance provider needs to calculate the public liability premium. Details needed are the number of directors and partners, number of employees, number of clerical partners and number of clerical employees.

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. Indicate the date when you want the coverage to start. Most insurers will require up to a 30 days in order to be able to provide a public liability insurance quote.

If you are completing an online quote, you will usually be able to receive a quote confirmation immediately to your email account. You are not obligated to anything by completing and submitting a quote application. The quoted premium is a rough estimate and may be a little higher or lower if you decide to move forward. When you do decide to move forward, you will go through the details of your quote application with a representative of your potential insurer.

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 public liability insurance quotes and public liability insurance coverage.

Published by: Ben Ashfalk on July 31st, 2009 | Filed under Legal



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