The cost of your public liability insurance depends on a number of factors, including the type of business you run and the level of cover you select. Businesses that are perceived as riskier will usually pay a higher price for their public liability insurance.
There is no standard, average price for public liability insurance. As mentioned, the actual cost will depend on several factors, such as the nature of your business and trade type, your claims history and the level of cover you need depending on your circumstances.
The easiest way to find a price for your public liability insurance is to run a quick online quote.
As with most types of insurance, insurers will calculate the price of your public liability insurance (your premium) based on several things, including the type of business you run and the level of cover you select.
Insurers are predicting how likely you are to make a claim and how much a claim could cost. In practice, this usually means that businesses that are more likely to face steep compensation claims will pay more for their public liability insurance.
When you’re buying cover for your business it’s really important that you answer all questions accurately and that you buy enough cover, ensuring you’re fully protected if you come to make a claim.
Good insurance is an investment, and with Simply Business you can compare a range of quotes to make sure you’re getting the right cover at the right price. As the UK’s biggest business insurance provider, public liability cover is what we do best.