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
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