Some insurance providers may offer cheap public liability insurance, with the market focusing on competitively priced products with comprehensive cover. There are a number of ways of checking premiums online, but it is important to note that a low premium can disguise hidden costs and areas of cover that have been significantly watered down. Finding the cheapest deal is not often the best deal, in many cases, and business owners will want to be careful that their insurance package will be able to cover them when it’s needed, particularly in the crucial area of public liability insurance.
If you have public liability insurance and an injured party makes a claim against you, all you need to do is:
- Pass the claim on to your insurance brokers
- Carry on with your job
- Provide the insurers with any information they need
If the claim is found against you, the insurance company pays the compensation, damages and legal costs, and if the claim is found for you the insurance company collects the legal costs from the plaintiff. As with all insurance check the small print. If your employees are at work, you are responsible for their health and safety - taking time to check you have adequate cover is time well spent.
See the table below for some of the latest offers to find a cheap public liablity insurance deal that meets your needs: