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Legal Forums » Legal » Public Liability Insurance Cost
Started Oct 01 2012, 19:15
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Oct 01 2012, 19:15
The cost of public liability insurance for tradesmen is affected by a range of different factors.
Public liability is one of the most important forms of insurance for tradesmen, and provides a great level of financial protection from a range of incidents which can occur on the work site.
Tradesman Insurance Quote
But how much is your public liability insurance going to cost? In this guide we will take a look at how liability premiums are calculated and why you pay the amount that you do.
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Oct 01 2012, 19:15
How does an insurance company work out how much my public insurance will cost?
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Oct 01 2012, 19:15
The first thing that an insurance company will look at is your occupation, this is the main factor in getting a cost for any insurance, the insurer determines the level of risk for your occupation and will cost it accordingly. Your turnover is also a big factor in getting a cost for public liability insurance, as you could imagine it a sole trader turning over $50,000 per year is going to be a lost less work then a company turning over $500,000 per year. The next major factor is the level of cover you require be it $5, $10, or $20 million public liability insurance.
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