Wednesday, September 26, 2012

Public Liability Insurance Quote - What Information is Required?

By Hauster Smith


Public Liability Insurance quote will let you find out the cost of this type of an insurance coverage, particularly for your type of business. In order to obtain an online or an off-line Public Liability Insurance quote, you would have to fill out some information regarding your company, including: business type, number of workers, as well as some other details of your business activities.

The most common business information required for a Public Liability Insurance quote, include:

1. Indicate your business type.

2. Indicating the business category, which best describes your business, such as Limited Company, Sole proprietor or Partnership, is another common mandatory question of the Public Liability Insurance quote forms.

3. Estimating and stating the annual turnover of your business, i.e. the total amount of receivables in respect to goods sold or services provided in the course of your business. This is also required information for a Public Liability Insurance quote.

4. Indicating, whether there were any incidents or claims within the last several years. If yes, then you would have to provide their dates, circumstances and claim amounts.

5. To get a Public Liability Insurance quote, you will also have to indicate whether you have a working area in a commercial or industrial zone, apart from offices or shops.

6. Information about subsidiaries associated is also to be provided.

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. Public Liability Insurance quote will require you to provide details about the headcount and structure of your business. This is so because the insurance provider needs to calculate the public liability premium. Details needed are no. of directors and partners, no. of employees, no. of clerical partners and no. of clerical employees.

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. The starting date of coverage is also to be provided for a Public Liability Insurance quote. A 30 day period is what most insurance providers will be able to provide a quote for.

If you submit an online application for a Public Liability Insurance 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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