Public Liability Insurance: How Much Cover?

In the United Kingdom, if members of the public or customers come to your premises or you go to theirs, it is advisable to take out a public liability insurance policy.

Generally speaking, public liability insurance is not compulsory although horse riding businesses must have a policy in place. This type of insurance may not usually be essential but is highly advised because without it, a business will be fully liable for any injury or damage caused to a member of the public. In Great Britain alone, over £1 billion is paid annually in public liability claims so it’s worth investigating the options available to you and your business.

Public liability insurance covers any compensation paid to a member of the public because of an injury or damage to them or their property caused by you or your business. Items covered by public liability insurance include legal fees, expenses and medical costs that the National Health Service (NHS) may claim.

Public liability claims tend to be fairly high therefore insurance policies tend to have a minimum cover level of £1million, extending up to £5million.

If you are trying to decide what level of cover you need for your business, check with local authorities as they often state their preferred minimum amount of liability. Checking customer contracts is also advisable as this will usually hold information about minimum levels required for public liability insurance.

Premium levels are also based on the type of business in question and are then set depending on the level of activity of the business, most often annual turnover.

When obtaining public liability insurance quotes, shop around to find the best policy for your requirements and give the insurer as much information as possible about the nature of your business. The type of business will have an impact on the premiums payable for the insurance so ensure this is made clear to the insurer in order to secure the most appropriate type of policy.

It is likely there will be many more exclusions and endorsements on a public liability insurance policy, compared to a personal car or home insurance policy, so spend some time looking over these areas in particular and make sure you fully understand the conditions, exclusions and warranties that are applied.

If you are in any doubt about what specific parts of your insurance policy mean then consult a professional to ensure the policy fits your needs.

When dealing with an insurer, check they are a member of the Association of British Insurers (ABI). The insurance industry is regulated by the Financial Services Authority (FSA) who holds an online record of all registered insurance advisers so it is worthwhile checking here too when searching for your public liability insurance provider.

The author of this article is a part of a digital blogging team who work with brands like Gladiator Insurance. The content contained in this article is for information purposes only and should not be used to make any financial decisions.

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Posted by admin on February 8th, 2011 :: Filed under Public Liability Insurance
Tags :: Cover, Insurance, Liability, Much, Public

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Public Liability Insurance 2

If you are a tradesman working in either a traditional or more unusual trade (such as steel fixing, perhaps wall papering or wardrobe installations), you’ll need comprehensive public liability insurance for tradesmen. You will need to find an industry leader in providing cheap public liability insurance and business insurance specifically for tradies.  

From just .77 per month (paid monthly for your convenience), it’s around the cost of a carton of beer, and an investment that’s worth million dollars in peace of mind against public liability claims.  While tradesmen’s public liability insurance cover for million is common, today more and more tradesmen are opting for million public liability cover.

The importance of maintaining adequate Tradesman public liability insurance cannot be underestimated. Imagine the consequences if someone was injured through an incident or accident caused by you or one of your team. Without tradesmen’s public liability insurance they could sue you for thousands or millions of dollars. You could lose your business or your home.

Your insurance representatives will be only too happy to assist you with public liability insurance quote/quotes.  Search the internet to get public liability insurance online quote or speak to an insurance consultant directly. Cheap public liability insurance isn’t a ‘sell’, it’s a reality. In fact, you can get tradesman liability insurance for around the cost of a carton of beer per month.

It is essential that you read the Product Disclosure Statement when seeking a public liability insurance quote. The PDS covers all aspects of Tradesman public liability insurance package including the important issue of inclusions and exclusions. For example, some business insurance package inclusions don’t apply to some trades and you need to know what’s included in your cover or rather and importantly, what’s not covered.  

When arranging Tradesman public liability insurance, it’s essential that the paperwork is right so that tradesmen don’t run the risk of being under insured or worse – uninsured. While cheap public liability insurance is the goal and reality, be mindful that there are a number of situations that may exclude tradies from a tradies insurance package.

If you are in a trade occupation that involves work in an underground mine or with high voltage power supply or on an airport tarmac you will need to disclose this at the time of requesting your public liability insurance quote/quotes. If your occupation or workplace is listed on a restricted locations exclusion list, this needs to be listed on the application paperwork for Tradesman public liability insurance.

Make sure you find an insurance company that is committed to assisting tradies with the best business insurance cover possible and at affordable prices. They will let you know all the details about the right public liability insurance, Australia policies and we’ll ensure you will obtain the best public liability insurance premium cost.

Call your insurance consultant today for more information and to arrange quotes for public liability insurance, tools insurance, business insurance, commercial vehicle insurance as well as illness & injury insurance (formerly known as income protection insurance).Always refer to your Product Disclosure Statement.

Related Public Liability Insurance Articles

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Posted by admin on January 6th, 2011 :: Filed under Public Liability Insurance
Tags :: Insurance, Liability, Public

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Public Liability Insurance

If you are a tradesman working in either a traditional or more unusual trade (such as steel fixing, perhaps wall papering or wardrobe installations), you’ll need comprehensive public liability insurance for tradesmen. You will need to find an industry leader in providing cheap public liability insurance and business insurance specifically for tradies.

From just .77 per month (paid monthly for your convenience), it’s around the cost of a carton of beer, and an investment that’s worth million dollars in peace of mind against public liability claims.  While tradesmen’s public liability insurance cover for million is common, today more and more tradesmen are opting for million public liability cover.

The importance of maintaining adequate Tradesman public liability insurance cannot be underestimated. Imagine the consequences if someone was injured through an incident or accident caused by you or one of your team. Without tradesmen’s public liability insurance they could sue you for thousands or millions of dollars. You could lose your business or your home.

Your insurance representatives will be only too happy to assist you with public liability insurance quote/quotes.  Search the internet to get public liability insurance online quote or speak to an insurance consultant directly. Cheap public liability insurance isn’t a ‘sell’, it’s a reality. In fact, you can get tradesman liability insurance for around the cost of a carton of beer per month.

It is essential that you read the Product Disclosure Statement when seeking a public liability insurance quote. The PDS covers all aspects of Tradesman public liability insurance package including the important issue of inclusions and exclusions. For example, some business insurance package inclusions don’t apply to some trades and you need to know what’s included in your cover or rather and importantly, what’s not covered.  

When arranging Tradesman public liability insurance, it’s essential that the paperwork is right so that tradesmen don’t run the risk of being under insured or worse – uninsured. While cheap public liability insurance is the goal and reality, be mindful that there are a number of situations that may exclude tradies from a tradies insurance package.

If you are in a trade occupation that involves work in an underground mine or with high voltage power supply or on an airport tarmac you will need to disclose this at the time of requesting your public liability insurance quote/quotes. If your occupation or workplace is listed on a restricted locations exclusion list, this needs to be listed on the application paperwork for Tradesman public liability insurance.
Make sure you find an insurance company that is committed to assisting tradies with the best business insurance cover possible and at affordable prices. They will let you know all the details about the right public liability insurance, Australia policies and we’ll ensure you will obtain the best public liability insurance premium cost.

Call your insurance consultant today for more information and to arrange quotes for public liability insurance, tools insurance, business insurance, commercial vehicle insurance as well as illness & injury insurance (formerly known as income protection insurance).
Always refer to your Product Disclosure Statement.

If you’re a tradesman on a jobsite and someone is accidentally electrocuted or they trip over your gear and sustain an injury, there are two things you need:

1) Public liability insurance; and
2) Enough public liability insurance cover for the full extent of the claims made against you.

All tradesmen and sub-contractors on a jobsite need to carry public liability insurance to protect themselves against professional and personal financial ruin.  

While the industry minimum standard for public liability insurance cover is for million, there is growing demand for million public liability insurance policies.The sole purpose of tradesman’s public liability insurance is to protect the tradesman or sub-contractor against financial claims in the event of damage to a property or injury to people, other than employees, that have been caused by the tradesman or a member of the tradesman’s staff.

It is important to note that a contractor’s public liability insurance policy may not cover sub-contractors who may have been engaged for a job.  Even if the main contractor’s public liability insurance responds in the event of a claim for which the sub-contractor is liable, the contractor’s insurer may not recover the claim amount from the sub-contractor.Sub-contractors are deemed to be self-employed, and employers should always check that sub-contractors have their own current and adequate public liability insurance before allowing them to enter a job site.

When it comes to engaging labour hire workers, there are additional important issues that must be considered.  The key is to advise your public liability insurer when you engage labour hire staff so that proper provision may be made in the policy for them.If you are an electrician and you travel with your work, it is important to check that your public liability insurance complies with the requirements of your State Electrical Contractors Association as these conditions can vary from state to state.  

Search the internet to find out more about public liability insurance or to obtain an online public liability insurance quote specifically for tradesmen.Always refer to your Product Disclosure Statement for complete details.

ContractorsCompare.com provides help, advice and a comparison of public liability insurance quotes for UK tradesmen and contractors.
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Posted by admin on December 13th, 2010 :: Filed under Public Liability Insurance
Tags :: Insurance, Liability, Public

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