Public Liability Insurance for a Promotions Agency?

Question

Hi all,

My friend and I are joinly setting up a promotions agency for brand promotion jobs etc. Where can i find public liability insurance for this and how much will it cost approx?

Answer 1

I think that many of the answers here have already given you plenty of useful info on Public Liability Insurance.

Why not give a few companies a call - it is such a specialist policy that I doubt any website will answer your queries fully.

Here are some links to providers you can actually call...

Answer 2

http://bkorn442.tripod.com/

Coakley Insurance Agency in Oceanside, California specializes in liability insurance.  Go to the web site for a quote.

Answer 3

Do a websearch for "public liability insurance".  You'll get half a million references !

Pick an agency that can get you online quotes, such as those below for UK.

For £2,000,000 liability, I now pay about £200 per year but it was a bigger premium when I started 5 years ago.  I think the companies give you an unspoken NCD.

Answer 4

Contact your local Chamber of Commerce. They will have loads of information to offer, including relevant insurance companies.

Good luck.

Answer 5

Best bet is to contact an insurance broker. In addition to public liability you are more than likely going to need employers liability cover. Employers liability is a compulsory insurance and is required even if you are employing temporary of casual staff.

The premium is normally based on your estimated turnover and wage roll and insurers will need to know what the work entails and if there is any hazardous work. The premium will also depend on the public liability indemnity limit. The minimum is £1,000,000 but you may find that some venues will insist on £2,000,000 or £5,000,000.

It is very difficult to give you an exact figure without all the information but I think you need to budget for a very minimum of £750.00.

Answer 6

You can either arrange this insurance for yourself or place it in the hands of an independent broker.  If you want to have a look for yourself, find out more about public liability insurance, and compare the market for prices, I would recommend trying http://www.coverzones.com.  

How much it costs will depend on a number of factors including how many directors, employees and sub-contractors you intend using and the level of cover you're looking for.  Assuming there are two of you and you will be using sub-contractors, quotes start at about £40 for £1m of cover rising to £165 for £5m.