Why Are Public Liability Premiums Increasing?

Are Public Liability Premiums Increasing?

According to Steve Sloan from Publicliabilitycomparison.com.au public liability premiums are increasing, and here’s why.

Insurers Hardening Market

“Insurers have been through a cycle of lower premiums that have reduced the returns to their shareholders. They are now in the position where they need to raise the premiums to improve the situations. Lower premiums coming to an end

Many public liability insurers that last year were offering lower premiums to get new policy holders are raising the premium on renewal

More excess in the event of a claim

Others are raising the standard excess in the event of claim, most have gone from the first $400 to $500, making claimants think twice about claiming in the event of small third party property losses.

Stamp Duties

Most states use insurance stamp duty to balance their budget. NSW in particular removed stamp duty only to reinstate in a move that left consumers and insurers confused and out of pocket, as NSW controls so much of the insurance pool, the administration costs of the changes were reflected in premiums across the country.

Insurers mergers and acquisitions

Some of the insurers that’s offer public liability insurance for tradies and small business have gone through some ownership and management changes. This includes brands like Calibre, Vero and Zurich.”

Steve Sloan recommends getting a comparison every time your policy is due for renewal. “Let the market cycles help you get the best premium, but check with your broker to make sure the policy wording and inclusions are the same or better than your existing cover.”

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Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation, and needs

Builders

COMPARE PUBLIC LIABILITY INSURANCE QUOTES FROM LEADING AUSTRALIAN INSURERS FOR BUILDERS

Based on $5 Million Cover with up to 1 employees up to $100,000 income, Builders public liability insurance quotes from $671 to $1195 from AIG, Allianz, Calibre, CGU, QBE, MECON, Protecsure, Vero and Zurich

Compare policies from leading Australian Insurers, compare claims ratings, financial ratings, excesses, and inclusions.

Complete the form below or call us on 1300 046 787

Once completed we will get quotes from our insurer panel to find the right policy at the right price. Australia wide coverage

 



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* Insurers may include Allianz, AIG, Ansvar, Arena, CGU, Calibre, CGU, Hostsure, Highstreet Underwriting, QBE, WR Berkley, Vero, Zurich

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Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on the inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation, and needs

Publiclaibiltycomparison.com.au is brought to you by Insure 247 to assist Australian business compare Public Liability Insurance quotes from leading Australian Business Insurers :

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Public Liability Comparison has compared over 1000 risks in the last 21 days, most are common risks such as carpenters, consultants, handyman and plumbers. However some of the risk compared are what we call “Hard to place risks”. These cover for these risks are not generally offered by the major insurers such as AIG, Allianz, CGU, Calibre, QBE, Vero and Zurich.

Public Liability Comparison uses the Insure 247 Team, The Insure 247 Team has access to a network of insurers and specialist underwriters

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Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs

 

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Publiclaibiltycomparison.com.au is brought to you by Insure 247 to assist Australian business compare Public Liability Insurance quotes from leading Australian Business Insurers :

Insure 247 Pty Ltd ACN 612944215 an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.

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Electricians

 

Public Liability Quotes for Electricians

Based on $5 Million Cover with 1 employee up to $100,000 income, quotes from $545 to $948 from Allianz, AIG, Calibre, CGU, Greatchoice, Protectsure, Vero, QBE and Zurich, the quote does not include Queensland Consumer Protection Insurance

Complete the form below or call us on 1300 046 787 13000 Insure

Once completed we will get quotes from our insurer panel to find the right policy at the right price. Australia wide coverage

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Production and manufacturing in Australia is rising and strengthening GDP and overall economy. Employment in processing sector in Australia is growing. Engineer working on fuses and electric parts

Your quotes will come from the Insure 247 Team

Insure 247 Pty Ltd ACN 612944215 an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.

Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs