Master Risk Protection Commercial Liability Insurance Negligence Secrets
Financial Considerations and Cost Factors
The cost of commercial liability insurance varies based on several factors, including the size of your business, industry, location, and coverage limits. On average, small businesses can expect to pay between $400 and $1,500 annually for a basic general liability policy2. However, specialized policies such as product or professional liability insurance may have different pricing structures. It's important to compare quotes from multiple insurers to find the best coverage at a competitive rate.