Are you looking for quotes on your public liability insurance?
The cost of public liability cover can differ greatly from one insurance company to the next, so it is definitely worth checking and comparing quotes if you are considering taking out cover.
Generally there are four main events which will result in a business owner seeking quotes. The process will be quite similar regardless of your reasons, but they are still worth looking at individually.
Starting a New Business
When starting a new business there are plenty of things to do. Besides making sure you have a viable business plan and structure, you also need to ensure that you are protected financially.
Insurance is especially important for a new business due to its vulnerable state in the early days. Having a large insurance package may be unaffordable, but public liability is a must.
When looking for quotes for public liability insurance for a new business it is important to ensure that you get the right type of cover to suit all of the activities you plan to undertake.
It may be a good idea to seek advice from various public liability insurance brokersif you have never dealt with this type of cover before, as they will be able to give you professional advice and assistance.
Renewal of Existing Public Liability
The cost of public liability insurance does fluctuate from year to year and from insurer to insurer. Just because company A was cheapest last year does not mean they will be the cheapest this year.
Shopping around at renewal time is a great idea for any business looking to save a few dollars. It’s not uncommon to save a few hundred dollars just by shopping around, and for a larger company the savings can be even greater.
If you already have a good insurance broker or adviser they should be able to do the shopping around for you and obtain quotes for public liability insurance from various providers. If you choose not to use a broker you will have to do the running around yourself.
If you do decide to switch your public liability insurance to a different company it is vital to ensure you are still getting the same level of protection. Saving money by switching to an inferior policy may not be the best option.
Business Changes
Often a change in business structure or a change to the activities which your business undertakes can trigger the need to obtain new quotes for public liability insurance.
Many insurers have limitations and exclusions on the types of activities that your business undertakes. If your activities change, you may have to find a new insurance company.
When looking for public liability quotes after a change in business structure or business activities, it is important to ensure your overall level of protection remains the same.
Attitude Change
The final reason we will look at for seeking quotes on public liability cover is the simple change of mind or attitude.
Some business owners think that they don’t need insurance and can save some money each year by not taking out a policy.
This may be fine for a while, but often an incident in the business or in an associate’s business can trigger a sudden desire to get some protection in place.
The processing for seeking quotes in this case is very similar to if you were seeking public liability quotes for a brand new business. In many cases an insurance broker will be the best option for finding the right cover at the right price.
Public Liability Insurance Quotes
Obtaining quotes for public liability insurance is a relatively easy process for most small business types.
The traditional method is to have a face-to-face meeting with an insurance broker, but increasingly many small business owners are choosing to go online in search of suitable insurance cover.
Now you can obtain quotes and even buy public liability insurance online all from the comfort of your own home or office thanks to the internet.
Here at Public Liability Insurance Australia we can assist with quotes on public liability and other forms of business insurance. To obtain a quote simply complete our online quote request and we will get in contact with you.