Top Points to Know About General Liability Insurance Costs

Introduction To Costs

Explore general liability insurance costs and why it’s crucial for businesses of all sizes and industries to have this coverage.

Average Costs

Learn about average costs, typically $40-$55 per month or $480-$660 per year for small businesses.

Factors Impacting Premiums

Understand how industry type, business size, coverage limits, claims history, location, and deductibles affect insurance costs.

Calculating Premiums

Insurance companies use rating systems and class codes to assess business risks and determine premiums.

Cost-Saving Strategies

Save on premiums by purchasing a business owner’s policy, paying annually, managing risks, and avoiding intellectual property infringements.

Importance of Insurance

Highlight the financial protection general liability insurance provides against potential lawsuits and accidents involving clients and third parties.

Protect your business today! Get a personalized quote for General Liability Insurance and safeguard your operations from unexpected risks.  Click below to find the best coverage options for your business.