If you are in business you will need insurance to cover all your activities against loss, damage or liability. However before you buy insurance you will need to obtain business insurance quotes which provide details of the cover offered and the premiums to be paid.
If you were to have a claim your insurance company will insist that you provide them with at least three quotes for repair or replacement, so it makes sense to obtain at least three quotes before committing your business to a particular insurance company or policy.
Fortunately it is now a simple and quick process to obtain quotes from many different sources using the Internet. Some of the many price comparison sites that exist today will offer you in excess of twenty business insurance quotes, and if price is your major consideration, then the choice of policy and provider is as wide as it ever has been.
There are three different types of provider of business insurance online, all which will provide a quote or more.
The first type of provider is a business insurance broker or intermediary with an online presence. These traditional brokers have web enabled their back office systems to allow them to compare quotes from their panel of providers, for the information that you supply about your business, in the online form on their websites. More often than not these systems compare the quotes on your behalf and only provide you with one quote, which is issued on a policy in the name of the brokers. Using a broker to obtain business insurance quotes has the advantage of being able to speak to an expert on the phone, if you have problems with the online quotation system.
Another type of intermediary is the business insurance price comparison website. In the UK this market is dominated by the big three price comparison websites and a number of smaller brokers who have made the leap to online comparison systems.
Obtaining quotes from a price comparison website is a quick and useful method of determining average market prices and cover for your particular line of business. If you are self-employed or a small business with under fifty employees, getting quotes online can be rewarding and save you a lot of time and money, but only if your business type fits the standardised policy wordings.
A good price comparison system will offer a wide range of quote prices and covers for all types of business insurance, however it is worthwhile trying a few of these out, as the suppliers tend to vary with each different site.
Finally it is also worth getting a quote direct from a major business insurance company.They often have special offers available for certain business types that they are trying to attract.
Whichever route you take to get business insurance quotes you will need to provide some basic information to apply online. This will include details of your risk address, your business type or profession, the number of people the business employs, your annual turnover and the value of any business property such and buildings, contents or stock.
Quotes can be obtained online from all sources with various levels of cover for public liability insurance, employers liability insurance, professional indemnity insurance, business property insurance and specialist trade or professional packages offering both liability and building and contents covers.