A public liability insurance quote helps determine the cost of this type of an insurance coverage for your business. The main pieces of information required, to get either an online or offline quote are business type or category, number of employees and details about business activities.

Usually, for a Public Liability Insurance quote, you will need to:

1. Clearly stating the type of business you conduct.

2. For a public liability insurance quote, the second important thing you have to indicate is the type of incorporation of your business (i.e., limited company, sole proprietorship, partnership etc).

3. Indicating your estimated annual revenues of your business, for example the gross amount of receivables in respect to sales and services provided to your clients.

4. Stating whether you have any past incidents or claims brought against your business. If yes, provide the dates, claim amounts and circumstances of the claims.

5. Indicate whether you carry out work in a commercial or industrial zone apart from your office or shops.

6. Indicate whether there are any subsidiary companies which have to be included.

7. Applying for a quote requires you to select the coverage for public liability and product liability. The former gives coverage for damage to third party people or their property while on your property. The latter provides coverage if an individual (or group of individuals) bear damage by using a product of yours.

8. You must also clearly state the maximum number of employees working for you business in order to calculate your premium. You also need to state the number of directors, partners, employees, clerical employees, and clerical partners.

9. Provide history of claims or incidents (if any) relating to occupational conditions/diseases like lung cancer, asbestos related diseases, deafness and dermatitis etc.

10. You will also be asked to indicate the date you want your coverage to begin. The majority of insurance providers will only be able to give you quotes based on your coverage beginning within a 30 day period.

If you submit an online application for a quote, you will most probably receive a quote confirmation summary via email. This does not impose any restrictions or responsibilities upon you. This is just an initial calculation. You will have to discuss the details and specifics with the insurance provider’s representative.

The best thing to do is to do a cost comparison of insurance providers online. This way, you will be able to get yourself the best and reasonably priced public liability insurance quote.

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This entry was posted on Sunday, July 5th, 2009 at 12:59 pm and is filed under law. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.