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The Financial Aspect: Costs and Savings
The cost of liability insurance can vary significantly based on factors such as the size of your business, the type of products you manufacture, and your claims history. On average, manufacturers can expect to pay between $1,000 and $2,500 annually for general liability insurance alone1. However, bundling different types of coverage can often lead to discounts and savings, making it a cost-effective solution for comprehensive protection.