Public Liability Insurance Cost Average

On average small business owners can expect to pay around 63 53per month for public liability insurance.

Public liability insurance cost average. A wide range of trades and businesses take out public liability cover so the cost of a policy can vary a great deal. Axa says 10 of its customers paid 59 for annual public liability insurance between january and march 2018. The average cost of public liability insurance. But you can expect costs to go up to over 600 if your business is considered high risk.

The average small business owner can expect to pay about 80 75 per month in public liability insurance. How much does public liability insurance cost. 30th july 2018 the average uk annual public liability insurance premium costs 119 37 according to axa however some small businesses and sole traders will pay less than that and it can be as little as 40 a year. The public liability insurance cost for a trade business can be affected by a range of different factors.

The cost of public liability insurance can vary from a few hundred dollars through to a few hundred thousand. Public liability is typically an affordable form of cover for self employed individuals. Or call 1300 542 245. A public liability policy could cost from as little as 450 for a sole trader needing the minimum cover through to 10 000 for larger or higher risk trade businesses.

The cost to insurance a business against public liability claims depends the amount of cover your profession the structure of your business and many other factors like your excess and where your business is located. Click the button below for a quote on your public liability insurance or read through the rest of our guide below. While around 25 pay around 51 100 per month for their public liability insurance. The average cost of public liability insurance is 118 in the uk but ranges from under 50 up to 450 a year or more for a moderate risk small business.

From our analysis we found that around 62 of small businesses pay less than 50 per month. How much is public liability insurance for businesses and self employed people. Also known as general liability or broadform liability public liability insurance is an essential form of cover for almost every type of business from trades and services industries to white collar professionals and office based occupations. What is the average monthly premium for public liability insurance.

Public liability insurance premiums vary depending on the type needs nature turnover and size of your business as well as the industry in which your business sits typically the larger your business and the higher its risk for causing injury or property damage the higher the cost of public liability insurance. While these factors mean there is no one average cost of public liability insurance quotes from hiscox start from just 55 a year and some policies can go on to include up to 10 million of cover.