How much does public liability insurance cost?
Just for a new start up business providing a database of inforamtion via the internet, not a very risky business really... i guess the biggest risk is i grasp sued for providing inacurate information. Help greatfully appreciated!
Answers:
http://bestinsuranceanswers.info has some decent liability links, where on earth you can get some actual numbers for your particular industry.
my son is a plasterer and he has just rewarded lb82.00 for his public liability insurance
Your not alone! In your field and with the Technology of The Web their are masses businesses using IT to to bring in the Bacon...IN FACT Many insurance markets hold researched and developed IT professional liability programs just for you!
Depending on what type of Info "and" advertising you do the premium could swing . I just wrote a Professional Liability policy for a website business specializing in sports gear and "how to" revealing topics on the sport they represent.
What you would need in this armour is 'Media professional liability"/ This covers your Errors and Omissions on the info you are putting out there. The basis of this is .....
1. What are you offering
2. Do you own any contractual agreements with any "Brand names?"
3. Do you own any disclaimers on your web ( ie : for Informational purposes only" etc.
4. do you sell a product?
Things approaching that.
I would contact a Independent Agent who has Various Excess/surplus lines markets. ask them give or take a few IT professional liability specifically Media professional.
The cost for my customer was $5,200 per year. (again..they were not solely offering information but also selling a product.
GOOD LUCK! Source(s): Agent 37 years
Hello,
If you are running this from your home, then I know of a broker that has a special organization designed for people like you.
If you want the details, email me directly and I will pas them on.
Try an insurance broker.
Well, providing the wrong information that lead to an airplane crash and the death of all passenger is kinda a big risk.
You're talking professional liability here - if it's medical, or used in any public course - specs for buildings, transportation etc, it's going to be really, really expensive - IF anyone is willing to cover it at all. Assume a minimum premium of $25,000. And also assume you're not promising to find anyone to give you coverage.
It's going to matter a WAY LOT what nice of information it is, and what your qualifications are to be providing it, and if you're looking for worldwide liability, or only for suits brought within one country.
Generally, "harmless" professional liability policies start at $2500. Source(s): agent, 21+ years
Minimum Public Liability (PL) insurance in our time start at lb1M indemnity. This should be more than adequate for the business you're describing.
Contact a local broker for further advice and a quotation. Under lb100 sounds right for lb1M PL for a clerical business.
Related Questions:
Answers:
http://bestinsuranceanswers.info has some decent liability links, where on earth you can get some actual numbers for your particular industry.
my son is a plasterer and he has just rewarded lb82.00 for his public liability insurance
Your not alone! In your field and with the Technology of The Web their are masses businesses using IT to to bring in the Bacon...IN FACT Many insurance markets hold researched and developed IT professional liability programs just for you!
Depending on what type of Info "and" advertising you do the premium could swing . I just wrote a Professional Liability policy for a website business specializing in sports gear and "how to" revealing topics on the sport they represent.
What you would need in this armour is 'Media professional liability"/ This covers your Errors and Omissions on the info you are putting out there. The basis of this is .....
1. What are you offering
2. Do you own any contractual agreements with any "Brand names?"
3. Do you own any disclaimers on your web ( ie : for Informational purposes only" etc.
4. do you sell a product?
Things approaching that.
I would contact a Independent Agent who has Various Excess/surplus lines markets. ask them give or take a few IT professional liability specifically Media professional.
The cost for my customer was $5,200 per year. (again..they were not solely offering information but also selling a product.
GOOD LUCK! Source(s): Agent 37 years
Hello,
If you are running this from your home, then I know of a broker that has a special organization designed for people like you.
If you want the details, email me directly and I will pas them on.
Try an insurance broker.
Well, providing the wrong information that lead to an airplane crash and the death of all passenger is kinda a big risk.
You're talking professional liability here - if it's medical, or used in any public course - specs for buildings, transportation etc, it's going to be really, really expensive - IF anyone is willing to cover it at all. Assume a minimum premium of $25,000. And also assume you're not promising to find anyone to give you coverage.
It's going to matter a WAY LOT what nice of information it is, and what your qualifications are to be providing it, and if you're looking for worldwide liability, or only for suits brought within one country.
Generally, "harmless" professional liability policies start at $2500. Source(s): agent, 21+ years
Minimum Public Liability (PL) insurance in our time start at lb1M indemnity. This should be more than adequate for the business you're describing.
Contact a local broker for further advice and a quotation. Under lb100 sounds right for lb1M PL for a clerical business.
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