How Do You Get Public Liability Insurance?

Why would you need public liability insurance?

Public liability insurance is there to protect you if someone is injured (or their property is damaged) and your business is faced with a compensation claim as a result.

It can cover you at your business premises and also when you’re working at client sites or in public..

How much is a public liability insurance?

The cost of public liability can vary greatly from as little as $300 a year through to many thousands per year. The cost will depend heavily on the type and size of business that you run.

Can anyone get public liability insurance?

You’re not legally required to have public liability insurance, but if you’re a business owner the chances are you’ll need it. Public liability insurance covers your costs if someone else sues your business – and without cover, unexpected legal costs could bankrupt your business.

How do I get public liability insurance in Australia?

For more information about public liability insurance in Australia please speak with you insurance broker. If you do not already have one please contact us on 1300 542 245 and we will assist you. You can also request a quote on your cover by completing our online quote request form.

What does public liability insurance provide?

Public liability insurance is designed to protect your business against claims resulting from accidents or injuries that occur as result of your business activities, as well as accidental damage to property owned or controlled by someone else.

How much is public liability insurance for a one off event?

Public liability insurance is crucial to protect you in case someone gets injured or has their property damaged on your property. $60 to $111 per month on average.

Does a sole trader need public liability insurance?

If something goes wrong in your business as a sole trader, there is nothing to protect your assets such as your family home. This means it is arguably even more important to have the right sole trader insurance in place, and especially public liability insurance.

How much does public liability insurance cost in Australia?

Small business owners usually pay around $68.50 per month for Public Liability insurance. According to analysis from BizCover, 22.5% of small businesses pay less than $50 per month and 67.6% pay approximately $51-100 per month for their Public Liability insurance.

How much does public liability insurance cost for a sole trader?

A public liability policy could cost from as little as $450 for a sole trader needing the minimum cover, through to $10,000+ for larger or higher-risk trade businesses. Click the button below for a quote on your public liability insurance, or read through the rest of our guide below.

Who needs public liability insurance?

Businesses that involve working in public places or private homes such as plumbers, electricians and building contractors should also consider a policy. If there is any chance a member of the public could be injured or have their property damaged while you are working, then you should have public liability insurance.

How much does Liability insurance cost per year?

Regardless of policy limits, the median cost of general liability insurance is $42 per month ($500 annually). The median cost offers a more accurate estimate of what your business is likely to pay than the average cost of business insurance because it excludes outlier high and low premiums.

Do I need public liability insurance if I am self employed?

While there is no legal requirement to have public liability insurance as a self-employed person in the UK, it is good practice to take it out anyway because it provides you with protection against any kind of damage you may cause to a third party property or any injury to a member of the public.