Information Required for Public Liability Insurance Quotes
A public liability insurance quote will enable you to price out premiums from various insurance providers. To get started, you will have to complete questions regarding your company, including the following: number of employees, type of business, and further details concerning your business activities.
The most general information required for a qoute includes the following:
1. Clearly stating the type of business you conduct.
2. Indicate the business category, such as limited company, sole proprietorship or partnership etc.
3. Indicating your estimated annual revenues of your business, for example the gross amount of receivables in respect to sales and services provided to your clients.
4. For a liability insurance quote, it is necessary to provide details about any prior claims in the past. Also, details about any incidents that may result in a claim being filed are also mandatory. In case of prior claims, you will also have to furnish the dates, circumstances and amounts also.
5. Indication whether your place of business is considered heavy-duty commercial or industrial. For example machine shops, manufacturing plants, etc.
6. Stating all subsidiary companies associated with your main business.
7. Indicate the liability coverage wanted out of public liability or product liability. If damage is borne by a third party or a third party's assets on your premises, this is covered under public liability. Product liability comes into play if a product of yours causes damage to a third party.
8. A public liability insurance quote will require you to provide details about the headcount and structure of your business. This is so because the insurance provider needs to calculate the public liability premium. Details needed are the number of directors and partners, number of employees, number of clerical partners and number of clerical employees.
9. Any prior claims or past incidents which may lead to a claim being filed are also to be included. Incidents related to occupational conditions or diseases (lung cancer, asbestos related diseases, deafness, dermatitis etc) are commonly required. A claim is a policyholder's seeking settlement under the policy terms.
10. The starting date of coverage is also to be provided for a Public Liability Insurance quote. A 30 day period is what most insurance providers will be able to provide a quote for.
If you submit an online application for a quote, you will most probably receive a quote confirmation summary via email. This does not impose any restrictions or responsibilities upon you. This is just an initial calculation. You will have to discuss the details and specifics with the insurance provider's representative.
The best thing to do is to do a cost comparison of insurance providers online. This way, you will be able to get yourself the best and reasonably priced public liability insurance quote. - 23211
The most general information required for a qoute includes the following:
1. Clearly stating the type of business you conduct.
2. Indicate the business category, such as limited company, sole proprietorship or partnership etc.
3. Indicating your estimated annual revenues of your business, for example the gross amount of receivables in respect to sales and services provided to your clients.
4. For a liability insurance quote, it is necessary to provide details about any prior claims in the past. Also, details about any incidents that may result in a claim being filed are also mandatory. In case of prior claims, you will also have to furnish the dates, circumstances and amounts also.
5. Indication whether your place of business is considered heavy-duty commercial or industrial. For example machine shops, manufacturing plants, etc.
6. Stating all subsidiary companies associated with your main business.
7. Indicate the liability coverage wanted out of public liability or product liability. If damage is borne by a third party or a third party's assets on your premises, this is covered under public liability. Product liability comes into play if a product of yours causes damage to a third party.
8. A public liability insurance quote will require you to provide details about the headcount and structure of your business. This is so because the insurance provider needs to calculate the public liability premium. Details needed are the number of directors and partners, number of employees, number of clerical partners and number of clerical employees.
9. Any prior claims or past incidents which may lead to a claim being filed are also to be included. Incidents related to occupational conditions or diseases (lung cancer, asbestos related diseases, deafness, dermatitis etc) are commonly required. A claim is a policyholder's seeking settlement under the policy terms.
10. The starting date of coverage is also to be provided for a Public Liability Insurance quote. A 30 day period is what most insurance providers will be able to provide a quote for.
If you submit an online application for a quote, you will most probably receive a quote confirmation summary via email. This does not impose any restrictions or responsibilities upon you. This is just an initial calculation. You will have to discuss the details and specifics with the insurance provider's representative.
The best thing to do is to do a cost comparison of insurance providers online. This way, you will be able to get yourself the best and reasonably priced public liability insurance quote. - 23211
About the Author:
Ben Ashfalk is knowledgeable about public liability insurance quotes and public liability insurance coverage.
posted by X - Men @ 2:38 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home