Public Liability Insurance Calculator
Estimate premium based on turnover and coverage.
Estimate a public liability insurance premium from annual turnover, desired coverage limit, and an industry risk factor.
What this tool does
Enter annual turnover, desired coverage limit, and a risk factor. The tool estimates annual premium using a percentage-of-turnover model.
Enter Values
Formula Used
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Disclaimer
Results are estimates for educational purposes only. They do not constitute financial advice. Consult a qualified professional before making financial decisions.
Public liability insurance premiums scale mainly with turnover and coverage limit. Low-risk trades (office-based consulting) price around 0.3-0.5% of turnover for 2m cover. Medium-risk (trades, beauty) closer to 1%. High-risk (construction, events) 1.5-3%. The exact premium depends on claims history and insurer appetite, but the model here gives a reasonable starting point.
Quick example
With annual turnover of 100,000 and coverage limit of 2,000,000 (plus risk factor of 1), the result is 500.00. Change any figure and watch the output shift — it's often more useful to see the pattern than to memorise the formula.
Which inputs matter most
You enter Annual Turnover, Coverage Limit, and Risk Factor (0.5 low, 1 medium, 2 high). Not every input has equal weight. Flip one at a time toward extreme values to feel which ones move the needle most for your situation.
What's happening under the hood
Base rate 0.5% of turnover for 2m cover at medium risk, scaled linearly by coverage limit and risk factor. Working estimator only — real quotes vary by insurer and claims history. The formula is listed in full below. If the number looks off, you can retrace the calculation by hand — that's the point of showing the working.
Using this as a check-in
Re-run this every three months. A single reading tells you where you stand; four readings tell you whether things are improving. The trend matters more than any individual snapshot.
What this doesn't capture
The score is a composite of the inputs you provide. Life context — job security, family obligations, health, housing — doesn't appear in the math but shapes the real picture. Use the number as a prompt, not a verdict.
Public liability premium produces an estimate based on the inputs provided.
Inputs
This example uses typical values for illustration. Adjust the inputs above to match a specific situation and see how the result changes.
Sources & Methodology
Methodology
Base rate 0.5% of turnover for 2m cover at medium risk, scaled linearly by coverage limit and risk factor. Working estimator only — real quotes vary by insurer and claims history.
References
Frequently Asked Questions
Is this a real quote?
Who needs public liability?
How much cover do I need?
What about excess?
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