So What Exactly Is A Public Liability Insurance Quote

So what exactly is an insurance premium? Your public liability insurance quote will include a premium amount. Essentially, the premium is the bill for the insurance policy that needs to be paid by the business on a monthly, quarterly, or annual basis. The premiums for public liability insurance vary a lot. The type of business being insured determines what the premium to be paid for the insurance policy to be in effect.

Here are several factors that determine the premium amount for your particular business:

• The type of business.

• The activity level of the business. The activity level can be determined based on turnover or service provided by your business.

• The amount and type of coverage required for your particular business.

External Resources:
Public Liability Insurance Premium Guides
Quotes - Tips on purchasing your public liability insurance premium

Employer Liability Insurance Quick Tips & Guide

How much cover do you need?

The minimum amount of coverage that you should have in employers liability insurance vary depending on your business. It may also vary based on areas you do business. Proper coverage is essential for you in case of liability claim is brought against you by your employee.

When Can an Employee File a Liability Claim against an Employer?

In the following situations, an employee can file a liability claim against the employer:

•If there is any discrepancy in wages
•Wrong calculation of the working hours
•Work related accidents which causes death or injury
•Illness or disease resulted from faulty work practices

External Resources:
Business Liability Insurance Coverage
Employer Liability Insurance Resources

What exactly does public liability insurance cover?

Public liability insurance is a must for both large and small businesses. Although it is not required, it is also very beneficial for homeowners. The premise for this specific insurance is to protect you, the business owner/operator, from paying for medical and legal costs out of your business's assets if a member of the public injures herself on your premises.

Furthermore, it also pays for any ongoing payments associated with the settlement of a claim. This applies not only for people, but also for third-party property damages on your business premises.

So what exactly does it cover?

The major benefit of public liability insurance is that it covers accidental injuries of a third party or their property on your business premises. Your legal fees and expenses incurred during the claim process are usually covered entirely by your insurance policy.

I want to clarify that public liability insurance only covers third parties. It does not include your employees or sub-contractors. Employers liability insurance covers your employees' injuries and accidents. I know, there is a lot of insurance for businesses to obtain, but it's better to pay a small monthly premium than risk losing your business when an accident happens.

External Resources:
Public Liability Insurance Guide
Liability Insurance Tips