Could This Method Simplify Calculating General Liability Insurance
Real-World Examples and Cost Considerations
For instance, a small retail business with annual revenues of $500,000 might find general liability insurance premiums ranging from $400 to $1,000 annually1. On the other hand, a construction company with higher risk factors could face premiums upwards of $3,000 annually2. These variations highlight the importance of accurately assessing your business's risk profile and using online calculators to explore different scenarios.