Welcome to the Public Liability Insurance guide! We have all the information you need regarding how to approach getting quotes, what types of insurance you are going to need, whether you are need personal, self employed, or contractor public liability insurance. If you are in the position that your business could be put at risk from a freak accident, you are going to want something to back you up, and keep your business floating. If you didn’t have coverage, you are going to pay for this accident out of pocket, something that can range up to, and beyond a million dollars!
People who are looking for self employed public liability insurance are usually those who run their business from home, or a small office, but still deal with the public, either by way of customers, or contractors, employees, outsourcers, you name it. These people will put your business at risk, it isn’t a matter of if, but how long until it happens. You can have a customer walk through your doors, trip over a landing strip that was an inch too high, fall, break a leg, and sue you for everything you own. Doesn’t sound pretty? It isn’t.
Construction business owners especially need some really good contractor public liability insurance. You guys are at incredible risk every day, and you may not even realize it. Yes, OSHA forces your guys to wear hard hats, and safety gear, but what about people passing by? What if they get hit with a tool in the back of the head, and go into a coma for 6 months? How are you going to afford that? What about the little kids playing on your jobsite after you are all going home, and breaks a leg. His parents need some money, so bada bing, bada boom — you’re out of business. Unless you had some insurance covering you for these types of claims.
If you need personal public liability insurance, you could be running a very profitable company, but be in the way in your daily duties, of putting someone at harm. You may have to drive from customer to customer, or client to client, and on the way, you get in an accident. The person you hit takes a look, and glances your nice advertisement on the back window. What happens next? You don’t have a business to advertise for. Yes, you are still at risk. If you are making money, you need public liability insurance, plain and simple. There are too many money grubbing people in this world to take advantage of your hard work. Do something about it.
This guide is meant to help you, when you begin looking for quotes, brokers, and the best, or cheapest public liability insurance. If I haven’t gotten it through your head yet, that you need a good policy, then there isn’t much hope for you. You will lose your business one day. The more your business is worth, the more that the person stands to take from you. Know a few things about your business before you start looking for public liability insurance companies or providers. You are going to want to know exactly what type of coverage is required, so that you aren’t paying way too much for a policy that could easily be lowered. If your business is only worth $1,000,000 then you don’t need $10,000,000 in coverage.