How To Compare Public Liability Insurance Quotes

Running your own business often involves making big decisions – yes, bigger than what biscuits to have with your mid-morning cuppa. As a business owner, you will know that best way to make any decision is to be firstly armed with as much information as you can. Knowledge is power and when you’re deciding what public liability insurance policy to take out for your company, it pays to be powerful.

Choosing the right cover for your business isn’t as tricky as solving a Rubik’s cube, but like the often infuriating 80s head-scratcher, there many sides to it, from the public liability insurance cost, to its compatibility with your employers’ liability insurance cover and whether you’ll be able to cover both compensation claims and medical fees results from any accident involving a member of the public.

Comparing public liability insurance is the best way to ensure you get the public liability insurance cover that’s right for you and your business.

In this quick and easy to follow guide, the experienced team of public liability insurance brokers at Tradesman Saver will tell you everything you need to know to make sure you’re comparing your public liability insurance covers sensibly.

So, what do you need to know?

Well, whatever your business is, you’ll need public liability insurance. It’s not a legal requirement, but it’s essential to the smooth running of your business for a number of reasons. In very practical terms, it can help if someone makes a claim against your business if they have suffered injury or damage to their property as a result of work carried out by your company. It will help you contest any claim, taking care of legal expenses, and will meet the cost of any compensation you may have to pay.

Public liability insurance coverage, therefore, gives you peace of mind that you are well equipped to deal with any such problems (including medical fees, legal costs and any compensation payments), allowing you to get on with running your business.

Having it in place also shows customers and other companies that you are professional and leave nothing to chance. What’s more, as its a legal requirement, you’re also unable to legally work as a tradesperson without public liability.

Here at Tradesman Saver, we’re think all tradesmen in the UK have a right to affordable, reliable public liability insurance cover which will keep them protected as they work. All tradespeople in the UK need public liability insurance to make sure they’re protected against potential compensation claims, medical fees and other issues which could arise due to an accident involving a member of the public.

Getting the right public liability insurance cover

The business world is a pretty diverse place. From self-employed sole traders to larger companies, with shareholders and boards of directors, all trading and offering a range of goods and services. One thing which unites them is the need to have the proper business insurance in place.

Of course, the size and type of business you run will impact on what type of cover you require.

Insurers will decide on the perceived risk involved in your business operations and decide on the level of cover you require and how much it will cost.

In terms of what level of public liability cover you need, you need to consider indemnity limits. This is basically the maximum amount an insurer will pay out per single claim. This figure can be as low as £1 million but can rise to £5 million. It’s up to you how much cover you want to take out, although an insurance broker will advise you based your type of business. Of course, a higher indemnity limit means a higher premium, which is worth bearing in mind when you are comparing public liability policies.

How Do I Compare Public Liability Insurance Quotes?

When you’re looking for public liability insurance, it’s important to compare policies and rates to find the best deal for your needs. There are a few factors you need to consider when comparing policies, including the coverages offered and the company’s reputation.

You can compare public liability insurance quotes online, or by contacting an insurance broker, such as the specialist tradesman insurers at Tradesman Saver. When you compare quotes, be sure to ask about the coverages offered and the company’s reputation. You should also ask about the indemnity limit, which is the maximum amount an insurer will pay per single claim.

By comparing public liability insurance policies, you can be sure that you’re getting the best deal for your business, the public and even any employees you might have.

Things To Consider When Comparing Public Liability Insurance Quotes:

The natural business instinct may be to go for the lowest price when it comes to comparing quotes for public liability insurance. However, your first instinct should be to ask ‘what am I getting for money?’. If the answer is the most basic form of insurance, then the cheapest option may not necessarily be the best.

Take a close look at each quote and work out what’s included in the headline price and what’s not. Some policies will include professional indemnity cover, while others will offer it at an added cost.

You also need to consider other forms of business insurance you may need. A quote for public liability will not include the cost of employer’s liability, (which is required by law if you have people working for you) and your overall insurance costs will depend on what additional cover you decide to take out for things like buildings and contents, office equipment, stock, cash in transit and any vehicles you use for your business.

Employers’ Liability Insurance

Employers’ liability insurance protects employers against claims made by their employees for accidents or injury at work. Employers’ liability insurance is required by law and failure to have it in place can result in a hefty fine.

It’s important to make sure you are covered by the right policy, as employers’ liability insurance will not cover public liability risks.

In other words, you typically need both employers’ liability and public liability insurance covers to ensure you’re fully protected against potential legal and compensation costs.

Product Liability Insurance

Another form of liability insurance you might require as a tradesperson is product liability insurance. Essentially, product liability insurance protects you against legal action taken against you if a product you have supplied, manufactured or repaired causes damage to property or injury to someone.

It’s worth getting advice on which type of insurance is best for your needs, as the right cover will depend on the type of work you do and the products you supply.

Compare Public Liability Insurance Cost

When you’re looking for public liability insurance, it’s important to compare policies and rates to find the best deal for your needs. Comparing policies can be tricky, but it’s worth taking the time to do it right.

One thing to consider when comparing public liability insurance policies is the cost. Price is always an important factor, but you should also look at the coverages offered and the company’s reputation. By comparing policies, you can be sure that you’re getting the best deal for your business.

When comparing prices, be sure to ask about the coverages offered and the company’s reputation. You should also ask about the indemnity limit, which is the maximum amount an insurer will pay per single claim.

Compare Self-Employed Vs Business Insurance For Public Liability

When it comes to public liability insurance, there are two main types of policy: self-employed and business.

Self-employed public liability insurance is designed for individuals who are self-employed. It provides cover for any legal expenses or damages you may be liable for as a result of an accident or incident while working.

Business public liability insurance is designed for businesses of all sizes. It provides cover for any legal expenses or damages you may be liable for as a result of an accident or incident while working.

So, what’s the difference between self-employed and business public liability insurance?

The main difference is that self-employed public liability insurance is designed specifically for individuals, while business public liability insurance is designed for businesses of all sizes.

Self-employed public liability insurance provides cover for any legal expenses or damages you may be liable for as a result of an accident or incident while working.

Business public liability insurance provides cover for any legal expenses or damages you may be liable for as a result of an accident or incident while working, including those caused by employees.

When it comes to comparing self-employed and business public liability insurance, price is always an important factor to consider. However, you should also look at the coverages offered and the company’s reputation. By comparing policies, you can be sure that you’re getting the best deal for your needs.

The Problem With Public Liability Insurance Comparison Sites

Here in the UK, it’s extremely common for people to turn to comparison sites for anything involving insurance or finance. Unfortunately, these sites rarely offer their customers the very best deals. Instead, they compare higher deals than you’d receive if you went straight to the insurance provider.

At Tradesman Saver, we cut out the middleman. Our experienced team of public liability insurance specialists offer low-cost liability insurance for all tradespeople, without charging unnecessary fees, or paying out to comparison sites and passing that fee on to our customers.

Public liability is a legal requirement, whether you have your own business premises, work on your own property or you work on-site. We don’t believe that you should be paying through the nose for a legal requirement, and our public liability insurance protects you from extortionate legal fees, medical costs and more.

By coming straight to the experts, not only will you receive a more bespoke service that matches your requirements, your trade and your lifestyle, you’ll also pay a lower premium for the pleasure! We can also provide supporting liability insurance types, such as professional indemnity insurance, product liability insurance and employers’ liability insurance.

Comparing Liability Insurance FAQs:

Is Comparing Public Liability Insurance Important?

Yes, taking the time to compare various PL insurance policies is extremely important. It ensures that you are getting the best deal to suit your needs. It also helps to ensure that you have enough coverage for any legal expenses or damages you may be liable for as a result of an accident or incident while working.

What Should I Look For When Comparing Public Liability Insurance?

When comparing public liability insurance, it is important to look at both price and coverages. You should also research the company’s reputation and feedback from previous customers.

How Much Does Public Liability Insurance Cost?

That depends on your trade and circumstances. Here at Tradesman Saver, our public liability insurance starts from less than £59 per year. Of course, depending on your business, it may cost more or less

Do I Have To Compare Public Liability Insurance?

No, you don’t have to compare public liability insurance policies. However, as it is important to have the right cover for legal expenses and damages, we strongly recommend taking the time to find the best policy for your circumstances.

Do I Really Need Public Liability Insurance?

Yes, public liability insurance is a legal requirement in the UK. It provides cover for any legal expenses or damages you may be liable for as a result of an accident or incident while working. Without it, you could face hefty fines and other repercussions.

Will This Cover My Legal Fees?

Yes, public liability insurance covers legal fees if you are held responsible for an accident or incident caused by your business. It also covers any medical costs associated with the incident and compensation for damages

For More Information On Our Public Liability Insurance Policies, Get In Touch Today

Here at Tradesman Saver, we specialise in providing public liability cover to individuals, tradesmen and the self-employed. However, if you are looking for larger business insurance policies, don’t hesitate to get in touch. Our experienced team of insurance brokers can often provide you with a range of insurance options to suit your needs.