Public liability insurance quotes | Monefi.
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What is public liability insurance?
Life insurance is a commitment to securing your loved ones’ future. Like a safety net. It’s a contract between you and the insurer that provides a lump sum payment (the death benefit) to your beneficiaries upon your passing.
A life insurance policy eases the burden of expenses like debts, mortgages, and more, ensuring your family’s well-being in your absence.
Why do I need public liability insurance?
Self Employed
Leave the research to us, our insurance experts don’t just tailor the policy to your individual circumstances but also help you to avoid overpaying for your life insurance policy.
Electricians
Get personalised quotes within minutes. Once you click on “get a quote”, we ask you some basic questions around your situation. Our cloud based technology then reflects the most appropriate quotes for you within minutes.
Retailers
Doubts are normal; after all, you’re on a journey to protect your loved ones’ future. Click on “book a call” for a free consultation with monefi’s insurance experts and get the advice you need.
Roofers
Leave the research to us, our insurance experts don’t just tailor the policy to your individual circumstances but also help you to avoid overpaying for your life insurance policy.
Licensed tradespeople
Get personalised quotes within minutes. Once you click on “get a quote”, we ask you some basic questions around your situation. Our cloud based technology then reflects the most appropriate quotes for you within minutes.
Hairdressers
Doubts are normal; after all, you’re on a journey to protect your loved ones’ future. Click on “book a call” for a free consultation with monefi’s insurance experts and get the advice you need.
Builders
Doubts are normal; after all, you’re on a journey to protect your loved ones’ future. Click on “book a call” for a free consultation with monefi’s insurance experts and get the advice you need.
Plumbers
Get personalised quotes within minutes. Once you click on “get a quote”, we ask you some basic questions around your situation. Our cloud based technology then reflects the most appropriate quotes for you within minutes.
Business Liability Insurance Checklist*
What does business liability insurance?
- Standard feature: Provides protection against unexpected damage caused by natural events such as heavy rainfall or river overflow.
- Buildings insurance: Provides cover to structure and permanent fixtures.
- Contents insurance: Covers items inside your home, including clothing, electronics, furniture, and carpets.
- Most standard buildings insurance policies provide coverage for damage caused by subsidence, but this applies only if your property hasn’t experienced such issues before.
- Some policies may also include coverage for losses or damages to belongings due to subsidence and offer temporary accommodation if you need to move out during repairs.
Fire coverage is a standard inclusion in both buildings and contents insurance. If you have both types of coverage, it should safeguard the structure of your home as well as all the contents within it, from furnishings and appliances to jewellery, electronics, clothing, and books.
What is not covered?
Your home insurance typically won’t cover the natural ageing or wear and tear of your belongings. So, if your favourite sofa is showing its age or your appliances give out, you’ll need to budget for replacements.
It’s important to notify your insurer if you plan to be away from your home for an extended period, usually beyond 30 days (some policies might allow up to 60 days). An unoccupied home can present higher risks, so you can browse quotes and help tailor your coverage or explore specialised options.
Standard home insurance doesn’t include specific asbestos coverage. However, if asbestos concerns arise after an insurable event like a fire or flood, your buildings insurance may assist with removal costs.
Accidentally spilling coffee on your laptop or causing mishaps to your belongings isn’t typically part of standard contents insurance. To safeguard against such incidents, you can usually add accidental damage coverage to your policy for a small extra cost.
How does Public Liability Insurance Work?
Life insurance offers either a one-time lump sum or a series of regular payments, offering vital financial support to your loved ones when they need it most. It also covers income replacement, debt repayment, and estate planning. The pay out amount is determined by the coverage you choose.
Pick what goes into your policy
Monefi helps you choose a life insurance policy that suits your needs and you invest regular premiums towards the policy.
Get prices from a range of insurers
We then discuss with you if you’d like the policy to be for a specific amount of time or your entire lifetime.
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Designate one or more beneficiaries or trustees when you purchase the policy. These are the individuals that will receive the lump sum amount – death benefit.
Benefits of Life Insurance:
Financial Protection
Monefi specialises in safeguarding financial stability for your loved ones. In the event of your death, our aim is to ensure your family can maintain their quality of life with a reliable financial cushion by their side.
Covers Funeral Costs
We understand that unexpected funeral expenses can be burdensome. Hence our life insurance experts ensure that your life insurance covers these costs, easing your family's emotional and financial strain.
Inheritance Tax
You can use a Whole of life insurance policy to cover inheritance tax upon your death, but there's a catch: Inheritance tax is typically due before your estate is distributed. To mitigate this ask your adviser about estate planning.
Getting Married
Marriage often brings added financial responsibilities. Monefi's life insurance makes inclusions towards securing your spouse's future too.
Managing Unexpected Costs
Life can be full of surprises, and that's why Monefi's life insurance is your reliable safety net for unexpected financial hurdles.
Maintain a standard of living
Instead of leaving your family alone during difficult times, Monefi's life insurance replaces your income, settles debts, funds education, and covers end-of-life expenses, for your loved ones.
How much does public liability insurance cost?
A useful guideline is to calculate the monthly expenses that would impact your family in case of your passing and then multiply this amount by a reasonable number of years. For instance, parents of young children may consider multiplying it by 15 years or more. It depends on your circumstances, such as dependents, their needs, and available income sources.
At Monefi, we empower you to make an informed choice in picking the most suitable policy for your situation and to avoid overpaying. Book your free consultation call with our insurance expert and seek guidance on your individual situation. We shall then assess your financial obligations, and create a customised policy that meets your family’s unique needs.
Latest news:
Yes, you can generally cancel your life insurance policy at any time in the UK. During the 30-day cooling-off period after purchase, you can cancel without penalties. After this period, the process and consequences may vary based on the policy type. Hence we recommend that it’s important to review your specific policy terms. A consultation call with our insurance expert should help clarify any doubts. Book a free consultation today.
In the UK, there is no set limit on the number of life insurance policies you can have. You can have multiple policies for multiple covers, but it’s important to ensure the total coverage meets your needs and isn’t excessive. It’s best to speak to our financial advisors and gain clarity. Avoid overpaying.
While there’s no legal requirement for life insurance in the UK, most individuals choose to acquire it. This decision often revolves around safeguarding assets and ensuring the financial well-being of their families. It encompasses covering outstanding debts and providing financial security in case of critical illnesses.
If you outlive a term life policy, it expires without a pay out. Whole Of Life cover insurance continues with premiums and often has a cash value. Return of premium policies refund premiums if you outlive the term. Convertible policies can become permanent. Monefi can help you review policy terms and options with your insurer to suit your needs.
