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Are you looking for cheap public liability insurance? Do you want to find the most affordable policy to save money for your business? You can compare a range of online quotes for public liability insurance from some of Australia’s leading insurers right here with Savvy.
Consider offers side-by-side with our 100% free service to help you find the cheapest deal on public liability insurance for your small business. Get the process started with us today.
To find the cheapest public liability insurance in Australia, it’s vital to compare quotes from many different insurers so you’re aware of the differences in the coverage offered. Public liability insurance is offered by a wide variety of insurers in Australia, as it’s one of the most common types of insurance required, particularly by small businesses.
Whether you’re self-employed, a sole trader or a small business, comparing will also give you a good idea of what’s on offer and what exclusions may be in the fine print so you can make sure the insurance cover is exactly what you need.
It’s also worth comparing insurance quotes from large general insurers against quotes from smaller specialist insurers. These small insurers may offer public liability insurance for a particular type of event which is cheaper for your business, such as those who specialise in offering public liability insurance in NSW for one-off concerts and music events or community events such as school fetes or community garden markets.
Some of the other key factors to consider when locking in the cheapest public liability insurance are:
It’s important to constantly review your insurance to make sure your cover is still sufficient and relevant. You can come back to Savvy regularly and compare policies to make sure you have the cheapest deal available. Simply answer a few simple questions about the type of insurance you need and the size and location of your business and receive multiple quotes to compare.
The cost of your public liability will depend on several factors, including:
Because so many different factors affect the cost of business insurance, finding cheap public liability insurance comes down to comparing policies from several different companies to find the cheapest deal. You can do just that right here with Savvy with our fast and simple online process. Our one-stop-shop service allows you to compare business insurance policies from leading providers to help you get the cheapest policy possible.
Public liability insurance covers you if someone is hurt or suffers property damage as a result of your business’ negligence. It’s based on the assumption that any business has a duty of care to ensure the general public, customers or clients remain safe whilst on the business’ property. Specifically, public liability will cover:
Such claims are frequently the result of a customer sustaining an injury whilst visiting your business. For example, if you run a café and someone slips on your wet floor and fractures their wrist, you may be the subject of a personal injury claim which your NSW public liability insurance would cover. Similarly, if you run a lawn-mowing business and your lawn mower slips out of control and smashes a valuable water fountain in your client’s garden, you will be protected against a claim of damage to your client’s property as a result of your negligence.
What isn’t covered
However, there are notable instances that aren’t covered by public liability insurance. These can include:
There are several elements of an insurance policy you should compare when deciding which one is right for your business. These are:
Of course, you’ll want to find the cheapest public liability insurance policy possible. However, price alone shouldn’t be the main deciding factor when you choose between policies, as it’s really important to get the coverage you need. A cheap insurance policy which doesn’t offer you relevant protection is almost worse than no insurance at all.
This is the most important aspect of any insurance policy. Think about all possible scenarios which could potentially happen to your business and make sure you have coverage for those key events. Try to brainstorm every conceivable reason that a third party could make a claim of personal injury against you, or claim that negligence caused their property to be damaged and make sure your insurer will be there for you if the worst-case scenario does happen.
How much insurance coverage is adequate is a question that is frequently answered for you, since many contracts stipulate the amount of public liability insurance that you must carry. For example, to tender for many Federal government building contracts, you must have a minimum of $20 million in public liability insurance.
It's important to review your business’ finances closely and determine the amount of coverage you need. In most cases, public liability insurance will be offered with either $5 million, $10 million or $20 million worth of coverage.
Before your tender or membership is approved, you may be required to present your Certificate of Currency declaring that you have current public liability insurance, and the maximum value of your policy (for example, $5 million or $10 million).
You should also read the product disclosure statement carefully and make yourself aware of any exclusions which may be written into the insurance policy. Compare the exclusions carefully before deciding which policy is best for your business.
Savvy offers a no-obligation service so you can quickly receive a range of quotes to look at. Compare the quotes, choose your preferred insurer and get your cover sorted out today.
Find the best possible insurance coverage for your business quickly and easily here with Savvy's 100% free comparison service.
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Disclaimer:
Savvy is partnered with BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769) to provide readers with a variety of business insurance policies to compare. Savvy earns a commission from BizCover each time a customer buys a business insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via BizCover.
Savvy does not compare all business insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by BizCover or how their business works, you can read their Financial Services Guide.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
