Is It Possible To Find Cheap Public Liability Insurance?

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*iSelect’s partnered with BizCover Pty Ltd to compare a range of small business insurers and policies in the market. Not all policies are available at all times or in all areas. Our advice on this website is general in nature and does not consider your situation or needs. Consider if any advice is appropriate for you before acting on it. Learn more.

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Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.

Find out more about how we make money.

View our Privacy Policy.

Compare business insurance the easy way

We’ve partnered with BizCover to help you compare business insurance policies.*

If your business deals with members of the public, then there’s a good chance that you are exposed to potential legal hazards and risks on a daily basis. For example, people can trip and hurt themselves in your venue, or you could accidentally damage client property while working in their home. In these scenarios, a customer, supplier, or a member of the public may choose to sue you for damages.

But how do you find a policy that fits both your business and your budget? 

What is public liability insurance?

Public liability insurance is designed to provide protection* for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities.

Choosing between cheap and expensive public liability policies

As with all insurance products, there’s a range of factors to consider when assessing public liability insurance, which means there’s no “one size fits all” policy.

Cheaper forms of insurance will come with lower premiums, but may offer you a lower threshold of cover or more limited coverage in return. Alternatively, opting for a more expensive option will cost you more but may bring a greater level of cover – and therefore peace of mind. It pays to understand what you are buying and to review the terms, conditions and exclusions contained in the policy documents and product disclosure statement.

cheap public liability insurance

Finding a policy that’s suitable for your unique business

Insurance providers can offer protection that extends well into the millions of dollars depending on policy limits. When it comes to operating a business, a suitable level of public liability insurance could help safeguard your financial interests.

It’s also important to recognise that different policies cover different things, and some are more relevant to certain industries, businesses, and occupations than others.

For instance, a company that sells adventure gear from a brick and mortar store will probably need to consider more cover compared to an online retailer that has minimal customer interaction. It’s worth doing some research to find out exactly what your public liability policy covers and to make sure that it encompasses all aspects of your business.

Some of the factors that can affect your premium:

cheap public liability insurance
  • Size of your business: The bigger your business and the more employees you have, the more you may have to pay for your policy
  • Business & industry type: If your business has a lot of public foot traffic, such as a café or restaurant, then the risk of someone being injured by accidents in your workplace could be higher, and your premium will likely reflect this increased risk
  • Claim history: If you’ve had to make a public liability claim in the past, this could increase your risk, and therefore the cost of your premiums
  • Location: If your business is located in an area that is deemed to be a higher risk area that could affect the cost of your public liability insurance

Looking for a good deal? Compare policies with iSelect & BizCover

At iSelect we’ve partnered with BizCover to help you easily compare business insurance policies. After entering the details about your business, you can review quotes on offer from a range of business insurance providers. Get started online today, or call us on 13 19 20!

* As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document or Product Disclosure Statement. The information set out above is general only and should not be relied upon as advice.

Get started on comparing business insurance today!

We’ve partnered with BizCover to help you compare from a range of business insurance policies.*

^As with any insurance, cover is subject to the terms, conditions and exclusions contained in your policy document. The information contained on this webpage is general only and should not be relied upon as advice.

*iSelect’s partnered with BizCover Pty Ltd (ABN 68 127 707 975: AFSL No.501769) to help you compare small business insurance policies. iSelect earns a commission from BizCover for every policy sold through the website or contact centre. iSelect and BizCover do not compare all providers in the market, or all policies offered by all providers. iSelect does not arrange policies from the providers we compare for you directly, but iSelect will refer you to our trusted partner, BizCover Pty Ltd who can.

Any advice provided on this website is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice iSelect gives you, having regard to your personal situation, before acting on iSelect’s advice or purchasing any policy. You need to consider if the insurance policy is suitable for you. Please read the Financial Services Guide before buying any insurance policy.