Master Business Security with This General Liability Goldmine
Cost Considerations and Real-World Examples
The cost of general liability insurance varies widely depending on factors such as the size of your business, the industry you operate in, and your claims history. On average, small businesses in the U.S. can expect to pay between $400 and $600 annually for a basic policy1. However, this figure can increase for businesses with higher risk profiles.
For example, a small retail store might pay around $500 per year, while a construction company could see premiums upwards of $1,000 annually due to the increased risk of accidents and injuries on job sites2. By browsing options and comparing quotes from multiple providers, business owners can find competitive rates that fit their budgets.