How To Get Public Liability Insurance?
As a small business owner or tradesperson, it’s important to protect yourself and your assets against unforeseen events. Public liability insurance is a key component of any comprehensive insurance strategy, as it provides financial coverage in the event of legal claims from third parties. In this section, the Tradesman Saver team provides you with a step-by-step guide on how to get public liability insurance in the UK.
What is Public Liability Insurance?
At its core, public liability insurance protects businesses from the financial burden of legal claims made against them by members of the public who have been injured, or whose property has been damaged, due to the actions of the business or its employees. As such, it is an essential form of protection that can provide peace of mind and financial security to companies of all sizes.
The coverage typically includes the cost of legal fees and expenses, as well as any compensation that may be awarded to the claimant if your business is found to be at fault. With the potential for claims running into the tens or even hundreds of thousands of pounds, public liability insurance can be a lifesaver for businesses facing a legal challenge.
It’s important to note that public liability insurance covers incidents that occur on your business premises, as well as those that occur while you or your employees are working off-site. This can include accidental damage to property, injury to members of the public due to slips, trips or falls, and even damage caused by the products or services your business provides.
It’s worth taking the time to research and understand your public liability insurance policy to ensure that you have the right level of coverage for your business. This is particularly important for those operating in high-risk industries, such as construction or hospitality, where the risk of public injury or damage is greater.
Do I Need Public Liability Insurance?
While not a legal requirement, it’s generally advisable for businesses to hold public liability insurance. It can help to protect your assets in the event of a claim, and even if you don’t think you need it, the cost of an insurance policy is usually far lower than the cost of defending yourself against a claim from a member of the public should one arise.
How Much Does Public Liability Cover Cost?
At Tradesman Saver, we can provide comprehensive tradesperson insurance for as little as £59 a year. This covers a range of activities, including public liability insurance up to £1 million with cover of up to £10 million available at an extra cost. The exact cost of your policy will depend on the industry you operate in and what kind of activities you undertake for your business, so it’s best to get a quote tailored to your needs.
Finding the Best Public Liability Insurance Providers
At Tradesman Saver, we know how important it is to find the best public liability insurance provider for your business. That’s why we’ve put together this guide to help you compare quotes and find the most cost-effective options.
When searching for a provider, it’s important to consider factors such as:
The level of coverage you needThe reputation and financial stability of the providerThe cost of the policyThe level of customer support
By comparing multiple providers’ quotes, you can ensure that you are getting the best deal on your public liability insurance policy. Here are some public liability insurance providers in the UK:
ProviderPolicy Cost Level of Coverage Customer SupportTradesman Saver Starting from £59 per year £1 – £10 million 24/7 online supportAXA Starting from £56 per year £1 – £10 million 24/7 phone and online supportSimply Business Starting from £6.79 per month £1 – £10 million 24/7 phone and online support
By considering these providers and comparing their quotes, you can find the right level of coverage for your business and budget.
Choosing the Right Public Liability Insurance Coverage
It’s crucial to choose the right public liability insurance coverage for your business needs. Not all policies are created equal, and choosing the wrong coverage could leave you exposed to significant financial risk. Here are some tips to help you select the right policy:
Assess the Risks: Before choosing a policy, evaluate the potential risks associated with your business activities. Make sure the policy covers all potential liabilities and provides adequate protection against financial loss.Check the Coverage Limits: Check the coverage limits to ensure they are sufficient for your needs. Don’t be tempted to opt for a lower amount to save money, as this could leave you with a gap in coverage.Consider the Excess: The excess is the amount you will be required to pay towards any claim. Make sure you choose an excess that you can afford to pay in the event of a claim.Read the Policy Wording: Make sure you read and understand the policy wording before signing up for coverage. If you have any questions, don’t hesitate to ask the provider for clarification.Consult with Experts: If you’re unsure about which coverage to choose, consult with Tradesman Saver’s insurance experts who can provide advice and guidance based on your specific business needs.
By taking the time to choose the right public liability insurance coverage, you can ensure that your business is adequately protected against potential liabilities and financial loss. Don’t rush the decision, and make sure you carefully evaluate all available options to find the best policy for your needs.
Getting Public Liability Insurance Cover Online
Securing public liability insurance has never been easier thanks to the convenience of online platforms. At Tradesman Saver, we offer a seamless process that allows you to obtain coverage without leaving your home or office.
Our online application form is quick and straightforward, requiring only the essential information needed to provide you with a quote. You’ll receive a tailored quote in a matter of minutes, based on your specific business needs.
Once you’ve selected your desired coverage, our secure payment system enables you to complete the purchase and receive your insurance documents instantly. No waiting, no hassle.
For Public Liability Insurance, Make Sure It’s Tradesman Saver
At Tradesman Saver, we understand the importance of protecting your business with public liability insurance. We hope this guide has helped you understand how to obtain this valuable coverage, as well as the benefits it provides.
We offer affordable public liability insurance starting at just £59 per year. As the leading provider of public liability insurance for tradespeople and small businesses in the UK, we are committed to helping entrepreneurs like you protect their livelihoods.
