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Public Liability Insurance Quote - Information To Be Provided to Insurer
Thursday, 03 December 2009 08:57 | Written by Ben Ashfalk
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.
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. The type or category of business for which you are seeking a quote.
2. Clearly describing your business and indicating whether it is a limited liability company, sole proprietorship or a partnership.
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. Indicate whether there are any existing claims or past incidents which could lead to a claim. If yes, then the dates, circumstances and amounts of those claims will have to be provided.
5. Indication whether your place of business is considered heavy-duty commercial or industrial. For example machine shops, manufacturing plants, etc.
6. Stating all subsidiary companies associated with your main business.
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. A 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 the number of directors and partners, number of employees, number of clerical partners and number of clerical employees.
9. Indicating whether there have been any claims or incidents relating to occupational conditions, such as asbestos related illnesses, deafness, lung cancer, etc. is also commonly asked on your liability insurance quote application.
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.
You will most likely get a quote confirmation summary via email if you applied for public liability insurance quote over the Internet. This will not be bounding in any sense, rather an initial estimate for your understanding. You will have to sit down and have detailed discussions with the representative(s) of the insurance provider.
You should get a public liability insurance quote from more than one insurers online. This will help you get the best insurance deal.
by BenAshfalk
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. The type or category of business for which you are seeking a quote.
2. Clearly describing your business and indicating whether it is a limited liability company, sole proprietorship or a partnership.
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. Indicate whether there are any existing claims or past incidents which could lead to a claim. If yes, then the dates, circumstances and amounts of those claims will have to be provided.
5. Indication whether your place of business is considered heavy-duty commercial or industrial. For example machine shops, manufacturing plants, etc.
6. Stating all subsidiary companies associated with your main business.
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. A 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 the number of directors and partners, number of employees, number of clerical partners and number of clerical employees.
9. Indicating whether there have been any claims or incidents relating to occupational conditions, such as asbestos related illnesses, deafness, lung cancer, etc. is also commonly asked on your liability insurance quote application.
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.
You will most likely get a quote confirmation summary via email if you applied for public liability insurance quote over the Internet. This will not be bounding in any sense, rather an initial estimate for your understanding. You will have to sit down and have detailed discussions with the representative(s) of the insurance provider.
You should get a public liability insurance quote from more than one insurers online. This will help you get the best insurance deal.
About the Author:
Ben Ashfalk is knowledgeable about public liability insurance quotes and public liability insurance policies.