We have just renewed our Public Liability insurance. Our existing insurer, predictably, offered a premium slightly higher than last year. Our broker went to one other provider and got a much better quote. Then we went back to the original firm, and they bettered their original offer by fully 50%! You'd like to think that the insurance market is pretty competitive and efficient and that a premium quoted is going to be pretty much the best rate available (especially if quoted by a company who has full and detailed information about our claims history as they have been insuring us for years). Clearly not so, it could be out by 50%. Amazing.
Anyway, we have now saved ourselves many thousands of pounds in insurance costs for the coming year. Well done to our broker, Kerry London.
(Note: I'd understand if two different providers offered wildly different premiums as we might fit one's preferred risk profile better than another's. But for the same firm to change their price by 50% within 24hrs is pretty astonishing).
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I've had the same experience in the past with two of my former insurance companies. I found a really good website though, which compares the charges from different insurance companies. This was how I found my current insurance provider and it hasn't made things complicated since. I don't know how much you're paying now but I got a great price. The website is www.constructaquote.com. I hope this helps.
Hi there,
Yes you will need Public Liability Insurance, which typically includes the following different types of cover:
Employers' Liability
Product’s Cover
Contents
There are also optional extras which can be bundled with a typical Public Liability Insurance Package.
This is a good business insurance provider:
http://www.constructaquote.com/liability-insurance/liability.aspx
I hope this helps. If you need further help, please let me know and I'll be happy to help.
Thanks
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