General Liability Insurance Cost Calculator
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What Is General Liability Insurance?
General liability insurance (GL) is the most fundamental business insurance policy. It protects your business from third-party claims of bodily injury, property damage, and personal or advertising injury. Whether a customer slips in your store or your employee accidentally damages a client's property, general liability steps in to cover legal fees, settlements, and medical costs. Most commercial leases require tenants to carry at least $1 million in GL coverage. Costs vary widely based on industry risk, revenue size, and employee count. Contractors and restaurants typically pay more due to higher physical risk, while consultants and tech firms often pay lower base premiums.
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Frequently Asked Questions
What does general liability insurance cover?
General liability covers third-party bodily injury, property damage, and personal/advertising injury claims. It does not cover your own employees' injuries (that's workers comp) or your own property damage.
How much general liability coverage do I need?
Most small businesses need at least $1 million per occurrence and $2 million aggregate. Higher-risk industries like construction or businesses with large contracts often need $2 million per occurrence.
Is general liability required by law?
It is not legally required in most states, but many clients, landlords, and licensing boards require proof of GL coverage before doing business with you.
What factors affect my general liability premium?
Key factors include your industry type, annual revenue, number of employees, location, years in business, and prior claims history. High-foot-traffic or high-risk industries pay more.
Can I bundle general liability with other policies?
Yes. A Business Owner's Policy (BOP) bundles general liability with commercial property insurance at a discount — typically 15–25% savings compared to buying them separately.
Results are estimates only. Actual premiums depend on underwriting factors specific to your business. Consult a licensed insurance professional for an accurate quote.