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Public Liability
Discussions : Starting your own Party Plan : Public Liability
Bejewel wrote:
Hello,
I'm researching starting my own Party Plan business and have been reading your posts, very informative and helpful, thank you. Just a query. Do many party plan consultants have public liability or take a chance and not have it due to the cost? I look forward to any replies. Thank you
Ros
SaucyKath replied:
"Take a chance" NOPE! NO WAY!!!! I definitely have Public Liability Insurance - I beleive the risk is just not worth it.
StampinUpMichelle replied:
Hello Kath,
If you don't mind me asking did you take out a seperate public liability policy or add it to your house insurance?
Thanks in Advance
SaucyKath replied:
Hi Michelle, of course I don't mind you asking - thats what this site is all about. Our company has actually been able to secure Public Liability Insurance through an Insurance Broker that offers us coverage at a very reasonable per annum rate. So the short answer is - I've been able to purchase my PLI coverage though my Head Office.
I'm assuming that most PP Companies offer this service to their Consultants - afterall its just not worth the risk. And if this isn't the case perhaps this is something else to add to the "check this out first" list people researching for a new company to join use.
Kath
ClaireHogan replied:
Goodness!! Public Liability Insurance is not something I even thought of when I signed up. Is it something I should be looking in to?
Hennypenny replied:
Absolutely- I think it's essential these days.
The same way that a home owner has liability insurance for visitors in their home - (it's included in your home & contents) I think that anyone going anywhere as a sales representative needs to cover themselves incase of some sort of accident. Maybe someones' grandma might trip over your product you left on the floor and break her hip - just an example- and you as the "outsider" could get fronted for damages.
You absolutely need cover if you want to do stalls at expos and other events. It is usually a requirement of the organiser.
This is something I only considered since I was researching starting my own company, but the more I looked into it, the more I realised that it really is essential for all consultants.
I suggest getting as many quotes as possible as the costs from one company to another vary considerably.
Regards,
Andrea.