Cost of General Liability Insurance?

Question

I understand insurance rates vary significantly...but I am trying to ballpark G/L insurance rates for a 500K - 1Mill policy. Any info would be appreciated.

Answer 1

Many brokers will write a minimum of 1 million GL. Most of the policies that I'm familar with are from Pennsylvania and a ball park would be $550 a year. If you add a tool floater or building coverage the premium will increase.

Answer 2

You need to find an insurance broker, who will require various data about your company including sales, prior claims, particular operations performed, etc.

Answer 3

depends on the state and area but if your claim free anywhere from 400-1000 bucks. Make sure you have volinteraty property damage.