For any business, it is essential to have the right insurance coverage in place. Moreover, you want to make sure high-quality insurance coverages comes at the best possible price. With this in mind, it is vital for your business to compare business insurance quotes. So, what is the best way for you to compare business insurance quotes? Here we offer our guide on how to interpret the quotes you receive.
The best way to compare business insurance quotes
- Don’t focus solely on the premium
It can be tempting when you compare business insurance quotes to concentrate solely on the price you have to pay for insurance. However, it may sometimes be worthwhile spending a little bit more to receive a greater amount of coverage. Furthermore, you also need to check that the limits of cover are high enough to cover any client contracts you have or potential problems you face.
As a business grows, you want to make sure that you always have the right insurance to cover your needs, plans and risks. While you do not want to buy new insurance every time there is a change in your business, it is wise to check the flexibility of the policy and the insurance provider. It is wise to ensure your limits have wiggle room in case your business grows. It is also worthwhile checking with the insurance provider to see how it would cost for you to update the policy if you need to.
- Talk to Just Quote Me
While our state-of-the-art comparison engine makes it easy to compare quotes at a glance, our insurance experts are always on hand to help. We will be able to explain any industry jargon to ensure you know the complexities of your policy. Furthermore, we can also assess your needs to make sure you have the right level of cover in place for your business activities and size.
Do you have questions about Business Insurance?
Call Just Quote Me for FREE on 0800 084 2325 or get a quote online using our Quick Quote Form.
Are you looking for a small business insurance quote in the UK?
The good news is that Just Quote Me can help.
The insurance team at Just Quote Me understand that every business is different and that the insurance policies that they need to reflect this.
Just Quote Me can provide the right small business insurance cover wherever you are based in the UK
Just Quote Me have arranged the most appropriate cover for many satisfied customers regardless of what profession they are in. Visit our Business Insurance section to find out more useful information or call us today for a free no obligation quote.
Business Insurance is important to your company
Don’t make the mistake of assuming that business insurance is a luxury that you do not really need to have. It’s important you consider the various types of cover available such as:
- Public Liability Insurance
- Employers Liability Insurance
- Working at Height Insurance
- Key Man Insurance
- Motor Fleet Insurance
- Restaurants & Cafes Insurance
- General Contractors Insurance
- Cleaning Contractors Insurance
- Residential Lettings Insurance
- Estate Agents Insurance
- Letting Agents Insurance
- Mortgage Brokers PI Insurance
- Commercial Lettings Insurance
- Hotels & Guesthouses Insurance
- Takeaways and Fastfood Outlets Insurance
- Professional Indemnity Insurance
- Tradesman Insurance
- Pub, Club and Restaurant Insurance
- LPG Business Insurance
- Security Company Insurance
- Shop Insurance
- Cyber Liability Insurance
- Landlord Insurance
- Office Insurance
- Commercial Combined Insurance
- Motor Trade Insurance
- Investments Insurance
- Pension Insurance
- Life Insurance
- Multiple Vehicle Insurance
- Car Insurance
- Van Insurance
Just Quote Me has been a leader in the insurance field for nearly three decades, protecting businesses across the UK from those unexpected claims that can arise from time to time, often through no particular fault of their own.
To discuss your small business insurance needs call 0800 0842 325 today. We are here waiting for your call and only too happy to help.
Public Liability Insurance provides cover for your business in the event of any third party claims being made against it, or yourself, for any negligence causing a member of the public to suffer from an injury or illness as a result. This type of insurance also provides your business with cover in the event of damage to any third party’s property.
This type of insurance also provides your business with cover in the event of damage to any third party’s property.
So, in effect, this type of cover protects your business if you were to find yourself in a situation that made your company liable to be sued in the courts. If you’ve arranged the right insurance then your company will have the cover that it needs to reduce its operational risk.
Unfortunately, most business owners often don’t have the time to fully understand public liability insurance and could therefore face paying exorbitant fees for damages should their policy prove to be insufficient for their financial needs. This is why it is important to contact the experts in this field to find out what is included and, just as importantly, what is excluded from any policies.
Why should I arrange Public Liability Insurance?
The most commonly arranged type of cover for small businesses is Public Liability Insurance. This type of protection is also just as important to medium and larger organisations too.
It’s not a legal requirement for businesses to have this cover, however it should be considered as an essential – particularly where members of the public may be interacting with your company. From clients visiting your office, shop or work premises to the potential of dangers at shows and exhibitions, it’s not something that your company should be without.
If you operate from home you may think that you are safe but think again, even home-based businesses need to consider this cover if their home office is ever used as a meeting place for members of the public to attend.
What does Public Liability Insurance cover?
You need this cover, for instance, if you damage third party property when you are carrying out your work, which makes it eminently sensible protection for tradesmen. It is a simple fact of modern life that even a minor scratch to someone’s personal property can lead to unexpectedly hefty fines, more so in fact if you need to pay legal fees should the case go on to court. The good news is that legal fees would also be covered by your policy giving you some vital peace of mind.
It’s a simple fact of modern life that even a minor scratch to someone’s personal property can lead to unexpectedly hefty fines, more so in fact if you need to pay legal fees should the case go on to court. The good news is that legal fees would also be covered by your policy giving you some vital peace of mind.
At the time that you are arranging your Public Liability Insurance cover, make sure that you tell your insurer the type of business that you operate. This will more easily help you come to an agreement regarding the right type of policy that is best suited to you and your company. Your appointed insurer needs to ascertain the level of financial cover, which could be anything from around £1million to over £10 million, depending on your circumstances and potential exposure. You will also find that, in the public sector for instance, there is a minimum financial cover requirement which your insurance needs to meet in order to tender for and win contracts. These requirements can be as high as £5 million which may surprise many!
Your appointed insurer needs to ascertain the level of financial cover, which could be anything from around £1 million to over £10 million, depending on your circumstances and potential exposure. You will also find that, in the public sector for instance, there is a minimum financial cover requirement which your insurance needs to meet in order to tender for and win contracts. These requirements can be as high as £5 million.
Many small business owners tend to think that they are safe simply because they are small! This is not the case at all, without public liability insurance you could lose your income so tread carefully. Just a simple thing like a slip-up over a loose cable, a spilt cup of tea or injury caused by broken glass or door slamming shut in the wind could put paid to your business plans if you are uninsured.
Compare the different policies online
Comparison websites, like Just Quote Me, provide you with the ability to compare various policies and save money whilst, at the same time, allowing you to transparently compare the often vastly different insurance options available to you.
Just enter your details into our simple application form and you will be able to start comparing policies straight away.
In this way you will quickly and easily find the Public Liability Insurance policy and cover that suits your needs most. We are always happy to help so, if you have any questions, then please call to speak with one of our experienced UK based consultants.
To Compare Public Liability Insurance:
Go to our online Quote System or call us on 0800 084 2325
In the world of insurance, the largest insurance claims often follow on from natural disasters. A good example of this would be Hurricane Katrina, which hit the coast of the United States of America in 2005. The claims resulting from this Hurricane reached an unprecedented $60 billion.
The claims would have been mainly against property insurance, business insurance and some other various public liability claims too!
Landlord and Property Cover can protect you in your hour of need
In Great Britain we can always rely on rain, naturally, in 2007 the widespread flooding that occurred resulted in insurers paying out over £3 billion in total. With many buy to let properties in the UK, landlord’s insurance cover would have been much appreciated by many that did not have it. In the same way, those without property and buildings insurance cover would have likely suffered from severe losses due to water damage.
Whilst these natural disasters have all grabbed the headlines, other incidents, sometimes less well known and unexpected, have also resulted in some rather large insurance cover pay-outs.
So here then are a few of the more noteworthy insurance claims that have been made in recent years by both the public and businesses:-
Stolen Turner paintings result in unprecedented insurance claim for the Tate Gallery
One of the largest insurance claims ever made was to cover the theft of several of the famous artist JMW Turners fabulous paintings. These historic works of art, which were painted long ago during the 17th and 18th centuries, were stolen from a Frankfurt gallery in 1994. They were out on loan at the time from London’s well known Tate Gallery, a decision that they learnt to rue afterwards!
It was fortunate for the owners at the Tate Gallery that these works of art were insured because an incredible claim of £24million was made for their loss.
An unexpected slip, trip and fall claim costs landlords insurance company dearly
In 2012 a Virginia man fell in a slip, trip and fall accident on an icy driveway with some serious consequences afterwards. He broke several bones and then developed medical complications further down the line. In the end, there was a staggeringly high insurance pay-out of a super-cool $7.75 million!
The victim was a tenant whose landlord had not maintained the drive by clearing it properly of snow and ice. Sadly for the landlord, they had not treated the icy areas of the pavement and driveway with any rock salt or sand, which is a legal requirement in the United States of America!
A Much loved family cat’s unexpected illness is a costly affair!
We all love our pets but this incident would bring tears to the eyes of any cat lover! In 2010, one poor little Puss in the US managed to break all existing pet insurance claims records!
The family cat had to have a serious kidney operation that had an insurance pay-out of $22,000. This was at the time the single biggest pet insurance claim that had ever been made. The cat was just an everyday normal family pet that generally just did what cats do, chasing mice, rabbits and birds about.
Get the right insurance cover for your needs
This all simply highlights the importance of getting the right business insurance cover to protect your finances from those unexpected problems in life that can crop up!
For all your insurance needs contact the experienced team at Just Quote Me and they will be able to take you through all the available options. Whether you need Business Insurance, Public Liability Cover, Landlords insurance or any other protection, you must consider covering yourself from all of those unexpected risks in life.