Liability Insurance Business Cost. Business liability insurance coverage protects you, your business and your employees from claims involving bodily injury or property damage, up to the limits on your policy. For example, a customer slips over and is injured at your business premises.
Some common business liability claims involve slips and falls due to poor lighting, wet floors, icy sidewalks, uneven pavement and loose or missing handrails. Your rate depends on the specific features of your business. Aside from public liability insurance, you can also find other types of cover for your business:
If something happens at work that results in injury to a customer, a member of the public or damage to someone’s property.
In general, the following factors can influence how much your general liability insurance will cost: The cost of general liability insurance varies based on your business operations and policy limits, among other factors. General liability insurance is a fundamental business policy because it covers events that can happen to any business owner like injuries or property damage that you cause people who aren’t your employees. Progressive reports that in 2019, the national average cost for professional liability insurance through its progressive advantage® business program was $50 per month.