Public liability insurance policies cover the legal costs of any claim which may be made against your business by third parties as the result of your actions or those of your employees or agents. The cost of public liability insurance varies from one provider to another and depends on a number of factors, including the type of industry you are in, the size and location of your company, and the overall profile of your business. In this article we outline how much does public liability insurance cost in Namibia, what cover does it provide, and who should buy it?

How Much Does Public Liability Insurance Cost in Namibia?

The cost of public liability insurance varies depending on the type of business and the level of coverage. The average costs range from $3,000 to $10,000 annually.

What Factors Affect the Cost of Public Liability Insurance in Namibia?

The cost of public liability insurance can be affected by a number of factors. The first and most important is the type and size of your business. Large companies with more employees will typically have to pay more than small businesses or individuals, just due to the scale. The type of work you do will also affect your premiums, as some jobs are inherently riskier than others. Lastly, the location where you work can also have an effect on your premiums.