How Much Does General Liability Insurance Cost For My Business?

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Updated: October 8th, 2022

The average cost of general liability insurance is $40 per month (source), or $480/year.

What is general liability insurance? Learn more about general liability insurance and what it covers.

The cost of general liability insurance depends on many factors, here are the main ones:

Exposure - How risky is your business? A factory or manufacturer will have much higher risk than
Location - Where are you located? Highly populous areas will generally pay more.
Number of employees - More employees generally means higher costs.

How much you'll pay depends on many factors. Here's a breakdown of 3 business types what costs they might expect for general liability:

A list of the most reputable companies to buy general liability insurance:

Provider	Same Day Coverage?	Apply Online?	Notes
The Hartford	Yes	Yes
Liberty Mutual			Best for budget-conscious businesses
Thimble	Yes	Yes	Best for flexible coverage
Hiscox	Yes		Best for small businesses
CNA			Best for more than one policy
AIG			Best for product liability
Suracy			Best for Workers’ comp

Raise your deductible: Higher deductible means higher premiums.
Cut unnecessary coverage: Oftentimes, providers will add coverage you don't need.
Look for package deals: Consolidate your insurance policies
Shop around: Get bids from new providers. It can't hurt to look.
Reduce your risk: The higher risk, the more your insurance company is going to charge you for coverage.
Ask about discounts: It never hurts to ask.
Pay in advance: Many insurance providers will offer discounts to those who pay in advance.