Liability Insurance Quote Online Usa – Public liability insurance helps protect your small business from claims that cause bodily injury to others or property. Without general liability insurance, you will have to pay out of pocket for these claims. General liability insurance (GLI) can be called many different things, such as commercial liability insurance, commercial general liability insurance, or general general liability insurance (CGL).
Remember that the overall cost of liability insurance is different for everyone because every business is unique. Factors that may determine these costs include:
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Did you know that 4 out of 10 small business owners will likely experience a property or general liability claim in the next 10 years?
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Claims range from unforeseen events such as robbery to unexpected accidents such as a customer being injured after a slip and fall.
It’s a question we hear often: “Does my small business need public liability insurance?” The answer is probably yes. With general liability insurance, you are protected against the following claims:
If a customer injures themselves at your place of business, this policy can help pay their medical bills.
Sometimes employees damage customer property while delivering products or services. Your GL policy may help pay the damages.
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Public liability insurance policies can help protect against malicious prosecution, libel, slander, wrongful eviction, and invasion of personal privacy.
If your rental property is damaged by fire, lightning or explosion, your general liability policy will help pay for the repairs.
Liability insurance helps protect you from costly public liability claims that may arise in normal business situations:
If your customers require it, you may need this coverage. Many clients want to confirm that you have general liability insurance before signing a contract with their company. You can prove the existence of general liability insurance with a certificate of liability insurance.
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General liability insurance does not cover all types of damage. Depending on your small business, you may need different types of coverage to further protect your business. A general liability insurance policy does not cover commercial vehicle accidents, injury or illness to employees, damage to your company’s property, professional errors or mistakes, willful misconduct or wrongful acts, or claims that cost more than your liability limit. If your business can’t open due to covered property damage, it won’t cover data breach claims or lost revenue.
State law generally does not require business owners to carry public liability insurance. But this liability insurance coverage is still good. If a customer sues your business and you don’t have insurance coverage, it can put your business finances and personal assets at risk.
It is important to understand the general liability insurance laws in your state. Work with a local insurance agency or our dedicated small business insurance team to help you choose the right business liability insurance.
Although LLCs are not required by state law to carry business liability insurance, it is a good idea to protect your business against everyday risks. Without it, you will have to pay for claims against your business, which can be costly. Talk to an insurance agent or get an online quote today and see how we can help protect your LLC.
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When you’re ready to get a general liability quote, you need to have the right information at hand. It contains:
Not all insurance companies are the same. It is important to work with someone you can trust. We have over 200 years of experience helping small business owners protect their businesses with things like general liability insurance.
Whether you’re looking for a quote, trying to understand general liability class codes, or need help filing a claim, we’ve got your back.
To learn more, start a free quote or get your general liability insurance online. We also help you obtain other important business insurances, such as commercial property insurance and commercial auto insurance.
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“I was extremely satisfied with the quote and overall liability policy I received for my small business. I recommend TheHartford without reservation.
“I have had Hartford Company general liability insurance for years. It is a good product at a reasonable price and customer service always answers any inquiries or questions.
“Excellent response time. Within two hours of filling out the online form to request a quote for company general liability insurance, I was calling someone in Hartford to set it up.
“I have used Hartford since 2011. They are my go-to for home insurance and commercial liability insurance. I look forward to the next time I need their insurance!”
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1 Premium amounts are based on monthly premiums paid by Hartford small business customers for 12-month policies between 1/1/21 and 12/31/21. The surcharge depends on a number of factors specific to your business and may vary.
2 Hartford, “Hartford Reports: More than 40 percent of small businesses will experience claims in the next 10 years”
The Hartford is not responsible for any damages related to the use of the information provided on this page. This information is for educational purposes only, so please contact your insurance agent/broker or insurance company to determine your specific insurance requirements.
The information on this page should not be construed as specific legal, personnel, financial or insurance advice and does not guarantee coverage. In the event of a loss or claim, the policy wording is used to determine coverage and the potential payment of the claim is determined after the claim is investigated.
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Certain coverage varies by state and may not be available to all businesses. All Hartford insurance coverage and services described on this page may be offered by one or more of Hartford Financial Services Group’s property and casualty insurance company subsidiaries listed in the legal notice.
Hartford Financial Services Group, Inc. (NYSE: HIG) operates through its subsidiaries under the brand name The Hartford and is headquartered in Hartford, CT. Please read the Hartford Legal Notice for more information. The cost of general liability insurance depends on other factors, depending on your business and policy limits. Small businesses pay about $42 per month for this policy.
Regardless of policy limits, consumers pay an average of $42 per month or $500 per year for general liability coverage.
Our figures are based on the average cost of policies purchased by consumers. The median gives a better estimate of what your business is likely to pay because it doesn’t include high and low premiums.
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Welcome! A public liability insurance policy is important if your business is open to the public, manages client property, leases or owns commercial real estate.
While small business customers pay an average of $42 per month for general liability insurance, 29% pay less than $30 and 41% pay between $30 and $60 per month. Costs vary for small businesses depending on their risks and the coverage they choose.
If you want car insurance that covers extensive damage, you’ll pay more. The same rule applies to business liability insurance. If you want a policy that covers more expensive accidents and lawsuits, expect to pay more than basic coverage.
General liability coverage with limits of $1 million / $2 million is the most popular option for small businesses. It contains:
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Most consumers (91%) choose a policy with a $1 million / $2 million limit. Five percent of our customers choose policies with $2 million/$4 million limits, the next most popular option.
When shopping for a policy, it’s a good idea to make sure the deductible is something you can easily afford. If you can’t pay for it during a crisis, your insurance won’t help cover your liability claim. The average deductible insurance consumer opts for $500 in general liability coverage.
The right amount of coverage depends on the needs of your business. You want coverage that covers a potential lawsuit without buying more than you need. If you’re not sure what limits are right for your business, talk to a licensed insurance agent.
The location of your business can play a big role in the premium you pay. For example, businesses located in areas with high levels of crime or foot traffic will have to pay higher premiums than those located in areas with less of these factors.
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Additional fees may also vary slightly depending on your state. For example, small business owners in Virginia pay an average of $36 per month for public liability insurance, while the average premium for businesses in Colorado is $49 per month.
Although general liability is recommended for many small businesses, most states require by law that small business owners have workers’ compensation coverage if they have employees and commercial auto insurance if they have company-owned vehicles.
Our analysis of general liability insurance costs shows that for small businesses, your insurance premiums are most affected by your industry. In general, insurance companies charge high premiums for high-risk industries, while low-risk industries have lower rates.
For example, retailers open to the public face more risks than home-based IT consultants. The graphic below illustrates how the type of business affects what you pay for general liability insurance
