Find Your Perfect General Liability Insurance Amount Today
Several factors can influence the cost of your general liability insurance:
- Industry Risk: High-risk industries such as construction or manufacturing usually face higher premiums due to the increased likelihood of accidents or damages.
- Business Size: Larger businesses with more employees or higher revenue may require more extensive coverage, impacting the cost.
- Claims History: A history of frequent claims can lead to higher premiums as insurers perceive a greater risk.
- Location: Operating in areas with higher litigation rates or natural disaster risks can also increase your insurance costs2.