Get an instant, free quote and buy online.
How Much Does General Liability Insurance Cost?
The majority of small businesses pay $30 per month or less for general liability coverage. More than 80% of small businesses pay $30 per month while 95% pay $50 per month or less. Only 1% have a general liability insurance cost of over $100 per month.
We surveyed 50,000 small businesses with fewer than 10 employees to determine how much they pay for general liability insurance. General liability insurance protects your business from a third party’s claims of property damage, and bodily injury and associated medical costs. The cost of general liability coverage can vary due to factors like the business’ size, location and industry, as well as the limits and deductibles that are selected. Based on the analysis, the typical cost for general liability insurance was approximately $30 per month.
General Liability Insurance Cost Examples
The location of your business plays a role in the cost of your coverage as well. If you do business in an area where the risk is greater, you may be able to manage your costs by adjusting your limits to reflect your actual need. In the example below, two companies have the same monthly payment, but they are different sizes, in different locations, and have different limits.
Quotes will vary by business depending on the size of the business, the state your business is located in, and the limits/deductibles selected.
General Liability Insurance Cost by Profession
A consultant who does most of their work in their own office might pay an average $31 per month, while coverage for a real estate broker may average $39 per month, because they face different risks. Choosing a general liability policy that’s tailored to your business helps you get the coverage you need.
Competitive General Liability Cost
Here are some ways you can reduce the cost of your general liability insurance, making sure you’re getting the most competitive price.
- Employ good risk management – We’ll reward you with lower rates if you have good risk management procedures in place.
- Insure your home-based business – If you run your business out of your home, we offer an additional discount of up to 10%.
- Purchase multiple products – If you buy more than one product from Hiscox, we offer a discount of up to 5%, in addition to any other discounts you may qualify for.
Example professions we insure:
Get a fast, free quote now and get that Hiscox confidence behind your business. If you prefer, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday through Friday from 8am-10pm EST.
Hiscox Customer Reviews
The information was accurate and the site was easy to navigate. My questions were answered and it was an overall great experience."
Jill, Iowa City, IA
"Fast as lightening, easy as pie! Unbelievable how fast and easy it was to obtain coverage. Thank you!"
Karen, Raleigh, NC
"Very Affordable coverage! Easy to understand and purchase online. Made my research easy and Hiscox was by far the best value out of all the companies I compared."
Lisa, Denver, Colorado
"Enjoyable, quick, stress free. The process was fast, easy and I like that I can do monthly payments and was able to find my quote online first! The customer service representative was super friendly and extremely helpful as well! I feel safe being insured with Hiscox for my personal training business! Thank you!"
Excellent customer service. Hiscox provides great policy information and easy to understand detailed explanations of insurance terms. This allows for the ability to make a sound and informed business decision. I would recommend this company as a possible insurance source. I would purchase from them again."
Scott, Tampa, Florida
I had already tried several other options to secure General Liability Insurance for my sole member LLC but had not been successful. The Hiscox experience was easy and very affordable."
Laura, Hampton, VA
"Best company ever! They made the process super easy and quick."
This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Specific coverage terms can vary by class of business. Coverages are subject to underwriting and may not be available in all states.