General Business Insurance Cost

In 2019 small business owners countrywide who purchased a new policy through the progressive advantage business program paid an average of 53 per month for general liability insurance. The median cost offers a more accurate estimate of what your business is likely to pay than the average cost of business insurance because it excludes outlier high and low premiums. General liability insurance costs vs average claim costs.

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How Much Does General Liability Insurance Cost Insureon

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How Much Does General Liability Insurance Cost Techinsurance

Costs vary depending on your risk but most small businesses pay between 400 and 1 300 per year for coverage.

General business insurance cost. A company that chooses a low policy limit will pay less but higher limits offer more financial protection. To give you a better idea on the average cost of general liability insurance a per industry level here s some data based on an aggregate policy limit of 2 million and a per occurrence limit of 1 million. Learn what factors affect your cost and get a free quote today. Business liability insurance cost varies per business but on the average annual cost can range from 400 to 1 500.

Regardless of policy limits the median cost of general liability insurance is 42 per month 500 annually. General liability insurance is a fundamental business policy because it covers events that may happen to any business owner like injuries and property damage you cause people who aren t your employees. While this gives an idea of how much business liability insurance costs it s not necessarily what you ll pay. In 2019 the average monthly cost of a new 12 month business insurance policy through the progressive advantage business program ranged from 46 for professional liability to 85 for workers compensation.

The cost of a general liability insurance policy for your technology business is influenced by your appetite for risk.