How much does General Liability insurance cost?

A general liability policy at NEXT can cost as little as $19 per month for some businesses,^† but nearly half of NEXT customers spend $45 or less on general liability insurance.¹ The exact price you’ll pay for liability coverage at your business depends on a number of factors, such as your business location, size, operations and overall risk.

Keep reading to see how you can get coverage to help protect you and your business at the right price — and how you can save on your commercial liability insurance premium.

Jump ahead to learn:

• What do NEXT customers pay for General Liability insurance coverage?
• Business liability insurance prices by profession
• 6+ things that influence the cost of General Liability insurance
• How to get a General Liability insurance quote
• 4 tips to help reduce the cost of a General Liability policy

What do NEXT customers pay for General Liability insurance coverage?

46% of NEXT customers spend less than $45 per month for their general liability insurance coverage.

Business liability insurance prices by profession

Insurance premiums vary based on the risks involved in the type of job that you do, among other factors. Check NEXT’s lowest monthly insurance premiums for general liability insurance in your line of work.

NEXT’s MONTHLY LOWEST GENERAL LIABILITY PREMIUMS^†

6+ things that influence the cost of General Liability insurance

Your general liability insurance policy could help cover expenses if you experience a claim involving an injury to someone who is not an employee (known as bodily injury) or damage to property you don’t own. Several factors influence the cost of your insurance, including:

1. The type of work that you do

Higher-risk businesses could be more likely to have a claim involving injury and property damage. Jobs on other people’s property often have higher insurance premiums due to their higher risk.

2. Your number of employees

If you employ several people your liability insurance could cost more than if you work alone.

3. Your claims history

Your record of losses and claims with previous insurance policies could impact your small business insurance prices.

4. Your work experience

If you have 25 years of experience you may expect to pay less than someone new to their business.

5. How high you set your limits

Higher coverage limits offer more financial protection — but they almost always increase the monthly insurance premium.

6. The state where you work

Different states have different regulations and costs. Insurance rates are sometimes higher in densely populated areas that see more claims.

Note: It’s important to provide the most accurate information about your business when you get a general liability insurance quote. This can help to ensure you get the right coverage and avoid delays if you need to process a claim.

How to get a General Liability insurance quote

You can get the protection of general liability insurance for your business in about 10 minutes, 100% online with NEXT.

Answer a few questions and choose your coverage. You’ll have instant access to your proof of insurance (also called a certificate of insurance, or COI) immediately and at no extra cost. And you can manage your policy 24/7 via web or mobile app.

If you have questions, our licensed, U.S.-based insurance advisors are ready to help.

4 tips to help reduce the cost of a General Liability policy

Here’s how you can help reduce your general liability business insurance cost.

1. Bundle more than one policy

Many businesses could benefit from more than one type of business insurance coverage. You can save up to 10% if you buy more than one policy with NEXT.

Business owners often include general liability along with:

• Workers’ compensation insurance, a requirement if you have employees in most states. This policy can help cover medical costs for workers who suffer a work-related illness or injury.
• Commercial property insurance, which can help protect your business inventory, equipment and the physical location of your business. It can also help protect your business income if you have to close for repairs after a covered event such as fire, theft or a weather event.
• BOP insurance (Business Owner’s Policy), which combines general liability and commercial property coverage — often with additional savings.
• Professional liability insurance, also called errors and omissions insurance (E&O insurance) in some professions. This type of policy can help protect you after an accusation of a professional mistake that costs a client money.

2. Keep your risk level low

A safety and training program for your business can help limit the need to file an insurance claim and help lower your policy costs in some cases. For example:

• Don’t do work you’re not trained to do and that’s not covered by your insurance.
• Secure your business and your job site from thieves and vandals.
• Keep your work area clean and safe so that no one trips on cords, furniture, equipment or tools.
• Protect your business property to help mitigate damage from rain, wind, snow and inclement weather.

3. Pick the right policy limits and deductibles

General liability policies have per-claim limits and aggregate limits. Once the limit is reached, you’re responsible for paying the remainder.

If you want more protection from damages and incidents you’ll need higher coverage limits, which may increase your premium.

Although lower limits can help save you money on your insurance, if you don’t have enough coverage you could be more vulnerable to financial loss.

4. Learn from previous claims

Examine your previous claims history to determine what you could have done to avoid or lessen your risk.