Public Liability Insurance Quote
TOTAL ANNUAL PREMIUM $425* ===> CLICK HERE FOR CERTIFICATE <===
See below for coverage limits
| Liability Coverages | Limits of Insurance | Premium |
|---|---|---|
| Business Liability Insurance Each Occurrence | $1,000,000 | |
| General Aggregate | $2,000,000 | $ Included |
| Products/Completed Operations Aggregate | $2,000,000 | $ Included |
| Personal and Advertising Injury | $1,000,000 | $ Included |
| Damages to Premises Rented to You | $ 300,000 | $ Included |
| Medical Expenses | $ 10,000 | $ Included |
The Elements of Sound Decision Making for Obtaining Liability Quotes
This policy which serves as the basis for almost all small business insurance programs needs to be purchased with a few key elements in mind. The key elements of a public liability insurance quote are:
- Education of the broker
- Experience of the broker
- Expertise of the broker
- Ethics of the broker
- Expanse of services and products from both the broker and the carrier.
Let’s look at how this plays out.
In getting a public liability insurance quote there are really two buying decisions. One is to decide which insurance company you are going to use and the second one is to decide which broker you are going to access the carrier through.
Education of the broker –
In the insurance industry there are several professional designations that available for a broker to obtain. A broker who is providing a public liability insurance quote should have the professional designation of CPCU (Chartered Property & Casualty Underwriter) or the ARM (Associate Risk Management). They two designations go through some 15 national exams on the subject matter of General Liability, Professional Liability, Small Business Liability, and Public Liability Insurance Quote.
Experience of the broker –
The years of experience of a broker are very important. Someone who is new in the business clearly does not have the experience to design the correct insurance portfolio for a small business.
Expertise of the broker –
A broker that has expertise in public liability insurance usually specializes in specific niches. As the insured it is prudent for you to look for a broker who specializes in your small business industry.
Ethics of the Broker –
While it is hard to judge the ethics of a broker, and insuring with a broker who has a professional designation means the broker has agreed to the professional designations standard of ethics.
Expanse of services and products –
Finally, it is important to know of the breadth and depth of the services and products that the broker can provide. The broker should have a variety of general liability and public liability insurance companies available for you to choose from.
