Finally Understand General Liability Insurance Calculated Effortlessly
How General Liability Insurance is Calculated
Calculating general liability insurance premiums involves several factors. The primary considerations include the type of business, location, number of employees, and the business's annual revenue. Insurers assess the risk associated with your business operations to determine the premium. For instance, a construction company might pay higher premiums compared to an office-based business due to the increased risk of accidents1.