Unlock Hidden Truths Liability Insurance's Negligence Cover Explained
Cost Considerations and Pricing Context
The cost of liability insurance with negligence cover varies widely based on several factors, including the type of business, industry risk levels, and coverage limits. For example, general liability insurance premiums typically range from $400 to $1,000 annually for small businesses1. Professional liability insurance, on the other hand, might cost between $500 and $2,000 per year, depending on the profession and risk exposure2. It's essential to compare quotes from different insurers to find a policy that fits your budget and coverage needs.