What does it cost for commercial liability insurance?
Answer:
Commercial general liability insurance rates vary by the type of premises & operations that are being covered. If you are primarily an "office" , with no manufacturing operations, no customer traffic (such as a retail store would have) general liability coverage could be rather inexpensive $200 - $500 per year. If you need coverage for "professional" type exposures (errors, omissions) from your programming, data servicing and other related IT work, the costs can be substantial. Call a local independant insurance agent and get a free, no-obligation quote.
Depends on the type of business. Commercial liability is rated on EITHER square foot occupied, gross sales, payroll, or number of units, depending on the type of business and the company you choose.
In other words, if you're an electrician with an office, it could be $500 a year - if you manufacture airplane parts, it's probably more like $5,000,000 a year.
Your best bet is to call a local agent and get a quote. It's NOT as easy as car insurance, and you can't get a quote for THAT with the information you provided!
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