How does commercial general liability insurance differ from professional liability coverage? Learn more about commercial general liability insurance with the information below or find an agent for a commercial general liability insurance quote.
Claims history: Having previous liability claims will generally result in higher premiums for commercial general liability insurance. Contractual relationships: If you are subcontracting your work out or hiring third parties to perform operations on your behalf, have third party contractors on your premises, or have leased or temporary employees, those relationships may affect your GL coverage rates. Business stability: The number of years you have been in business and your proven financial stability can lower your costs for commercial general liability insurance. 
Location: Rates for commercial general liability insurance vary based on your state, your actual geographic location and where you conduct business. Risk management efforts: If you take precautions to guard against risk, such as installing security systems on your premises or providing training programs for your employees, your liability insurance premiums could be lower than the average. Risk exposure: Depending on the industry you operate in, your costs for commercial general liability insurance can be higher or lower than the average. Your cost for general liability insurance can be influenced by a number of other things, including: For example, if you own a construction firm, your premiums will likely be higher than those of an IT consultant with a home office. Navigating Your Business Through COVID-19Ĭommercial general liability insurance costs will vary depending upon your industry and the terms of your policy.
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