A Quintessential Guide to Public Liability Insurance & Cost

Whether you run a business, work as a contractor or are self-employed, it is likely that Public Liability Insurance Insurance is a necessity for your work.

This type of insurance is often a main part of any decent comprehensive Business Insurance package… but it is important that you ensure you have the appropriate amount of cover for your operations.

At Regional Insurance Brokers, we will ensure that your Public Liability Insurance policy is comprehensive. 

To make sure that you are adequately informed, we’ve taken the time to answer your most burning Public Liability Insurance questions...

What Is Public Liability Insurance?

Essentially, Public Liability Insurance provides financial compensation in the event that a third party is injured or their property is damaged as a result of your business operations.

This could be the owner of a house being injured as a result of the renovation works being done to their property, or a car being damaged while a delivery is being carried out.

If your business doesn’t have as active an operation, it doesn’t mean that your business isn’t at risk. A liability claim could be lodged in the event that a customer slipped over on your premises, if the ground is wet and there is no signage or the area is poorly lit. 

There are numerous other examples of times that a claim can be lodged and often, these incidents are difficult to avoid completely. 

How Will Public Liability Insurance Help Me?

If you are found to be liable for the injury or damage sustained while carrying out your operations, you will be thanking your past self for taking out Public Liability Insurance.

This insurance will provide financial compensation for any:

  • Medical expenses
  • Damage bills
  • Legal fees 

For many businesses, particularly small businesses, handling these costs themselves would prove to be a significant financial burden, one that might force them out of business.

Having Public Liability Insurance can ensure the continuation of your business should anything unexpected happen on your watch. 

How Much Does Public Liability Insurance Cost?

The cost of Public Liability Insurance does vary depending on two main factors. 

Firstly, the type of business your run can affect the price of your policy. This is mostly dependent on how much risk is associated with your operations. For example, a financial advisor working from home will have less risk than a tradesperson working on site, and consequently their premium will be cheaper.

Secondly, the size of your company can also have an affect. It is generally considered that a business with more staff is more likely to make a claim and therefore their policy will be more expensive.

To figure out how much public liability insurance will cost you, the best way is to get a quote from a trusted insurance broker. They will assess your risks and provide you with the most competitive premium to cover you. 

How Do I Get Insured?

Getting insured is easy. Simply contact Regional Insurance Brokers to begin the process of taking out Public Liability Insurance. Our expert brokers will provide you with a quote and advise you of the next steps.

Don’t waste any time… Contact Regional Insurance Brokers today!

Why Regional Insurance?

At Regional Insurance, we have over three decades of experience serving Queensland communities. We pride ourselves on our excellent service and expertise in insurance for a range of industries. We’ll make choosing a policy, assessing your risks and making a claim simple with our personalised service to save you time, money and stress.
Contact us today!

Business Insurance

  • Personalised cover for every business, big or small
  • In depth risk assessment for a policy that suits your business
  • Competitive premiums and your own senior broker for personalised expertise
  • 24/7 claims service and access to your own broker
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