How much is Public Liability Insurance?

Most business owners understand the importance of public liability insurance, but how can you find out how much it costs?

The cost of public liability insurance varies depending on a number of different factors including the type of business and the size of the business. Generally the cost will be higher for larger businesses or those considered a higher risk.

A sole trader working as a qualified carpenter on residential projects may be able to obtain cover from as little as $40 per month, however the sky is the limit when it comes to larger business and those that operate in high risk industries.

The insurance companies will calculate your basic public liability insurance cost by considering a number of factors including you annual turnover, the number of staff you employ and the type of industry that you operate in.

There are many additional factors which will also be taken into account, and some of the common factors affecting premiums include importing or exporting goods, working in airports, marine ports or mines, and a range of other factors which could increase the risk you pose to the insurer.

Generally your premiums will grow higher as your turnover and staff numbers increase, or if you start conducting any type of business activity that the insurer believes increases you risk.

There are a number of ways to find out how much public liability cover will cost for your business.

Traditionally the most popular method used was to contact an insurance broker, and this is still the most popular method today, however an increasing number of business are now going online to obtain more competitive quotes.

Instead of having to make an appointment to visit an insurance broker, business owners throughout Australia can now use the internet to obtain quotes on their insurance and even to take out cover completely online.

Not all businesses will have the option of obtaining an online quote, as larger and more complex businesses will still have to use the services of a broker to properly assess their business insurance needs.

For small businesses and those which are not considered to be too complex, obtaining public liability quotes online can definitely be a convenient method. If you are planning on taking this path, you need to be 100% sure of what insurance you need, as you will not have a broker there to assist you.

Here at Public Liability Insurance Australia we offer business owners the best of both worlds.

Our website gives you the convenience of entering your details and requesting a quote online, but instead of being left on your own you will be assigned to a qualified insurance broker who you can communicate with at any time via phone or email.

By using our system you can obtain quotes and apply for cover from the comfort of your own home or office, and still have the peace of mind knowing that you will be dealing with a real life insurance broker who is only ever a phone call away.

For more information on public liability insurance please contact our office, or if you are ready to obtain insurance quotes for your business simply complete our easy online quote request.