Information Required for Public Liability Insurance Quotes

A public liability insurance quote will enable you to find the cost of insurance for your business type. Some information and details that you will need to provide in order get an online or offline public liability insurance quote includes type of business, number of workers in the company and information about business activities.

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

1. Indicate your business type.

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. Indicate an estimate of the annual turnover of the business. The annual turnover is the total amount of receivables against goods and/or services sold.

4. For a liability insurance quote, it is necessary to provide details about any prior claims in the past. Also, details about any incidents that may result in a claim being filed are also mandatory. In case of prior claims, you will also have to furnish the dates, circumstances and amounts also.

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. Indicate the liability coverage wanted out of public liability or product liability. If damage is borne by a third party or a third party’s assets on your premises, this is covered under public liability. Product liability comes into play if a product of yours causes damage to a third party.

8. Indicate the maximum no. of workers so that the insurer can calculate the premium. The no. of directors/partners, employee strength, no. of clerical partners and clerical employees, all need to be specified.

9. Any prior claims or past incidents which may lead to a claim being filed are also to be included. Incidents related to occupational conditions or diseases (lung cancer, asbestos related diseases, deafness, dermatitis etc) are commonly required. A claim is a policyholder’s seeking settlement under the policy terms.

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 are completing an online quote, you will usually be able to receive a quote confirmation immediately to your email account. You are not obligated to anything by completing and submitting a quote application. The quoted premium is a rough estimate and may be a little higher or lower if you decide to move forward. When you do decide to move forward, you will go through the details of your quote application with a representative of your potential insurer.

You should get a public liability insurance quote from more than one insurers online. This will help you get the best insurance deal.