General Liability Insurance Cost

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How much does General Liability Insurance cost?

Costs for general liability insurance vary. There are many reasons that factor into the end cost of general liability insurance.

Factors that influence the cost of general liability insurance

The cost of general liability can be influenced by these factors:

  • Your industry: Some businesses have more inherent risk than others. A consultant who interacts with customers exclusively online may have less risk than a retail store.
  • Your location: The area you operate in can impact the cost of your policy, as a city location may have different risks than a location in the country.
  • The size of your business: This is measured by your annual revenue and the number of employees you have, and will impact your coverage limits (the amount we will pay for a covered claim).

Examples of general liability costs by profession and location

 IT ConsultantBusiness Consultant
Annual Payroll$100,000$200,000
Per occurrence limit$500,000$1,000,000
Aggregate limit$2,000,000$2,000,000
Monthly Cost$29.17/mo*$29.17/mo*
Annual Cost$350$350

Ways to manage your general liability insurance costs

You can make choices that will help keep your general liability costs down. Here are two ways to do this:

  1. Choose the appropriate limits. Your limit is the amount Hiscox will pay for a single claim (per occurrence) or for all claims during the policy period (aggregate). The higher your limit, the more expensive your general liability insurance policy will be, so choose a limit that will protect you, but one that’s not so high that it’s overly costly.
  2. Make sure you have the right general liability insurance coverage. Hiscox provides tailored policies that cover the specific risks your business faces, so you get everything you need and nothing you don’t. That helps you keep your general liability insurance costs down.

How do claims factor into general liability insurance costs?

Reducing claims is another good way to keep costs of general liability insurance down. Prioritize safety when people come to your store or office to reduce the possibility of an accident. Use caution when you have customers’ property in your possession. And review safety best practices with your employees so they can help you reduce the likelihood of a claim. 

Why do small businesses choose Hiscox?

  • Flexible payment options: We offer you the option of making monthly payments (with no additional fees) to help you manage your cash flow.
  • Tailored insurance: We specialize in businesses like yours and tailor coverage to the risks in your field.
  • Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claims representative to assist you.
  • Coverage for contracts: Our general liability insurance coverage satisfies most standard contract insurance requirements.
  • Worldwide coverage: Hiscox covers claims that are brought in the United States, its territories, and Canada. In some instances the incident that resulted in the claim may have occurred anywhere in the world.
  • Passion for service: Agents knowledgeable about your business concerns will provide you with excellent service—customers rated us 4.7/5.

Hiscox Customer Reviews

Hiscox rated 4.7/5
Rated 4.7/5

5 Stars

Javonda, Georgia

"Great Experience.

The information was accurate and the site was easy to navigate. My questions were answered and it was an overall great experience."


5 Stars

Jill, Iowa City, IA

"Fast as lightening, easy as pie! Unbelievable how fast and easy it was to obtain coverage. Thank you!"


5 Stars

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."


4 Stars

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!"


5 Stars

Mark, Tennessee

"Satisfied Customer.

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."


5 Stars

Scott, Tampa, Florida

"Great Experience!

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."


5 Stars

Laura, Hampton, VA

"Best company ever! They made the process super easy and quick."


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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.