Buy Business Liability Insurance Online – General liability (GL) insurance, commonly known as business liability insurance, is coverage that can protect you from a variety of claims, including bodily injury, property damage, personal injury and other claims arising from your business operations. General liability insurance coverage typically includes:
Learn how these coverages protect small businesses and how much you can reduce your unique risk.
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Progressive Commercial general liability insurance includes a variety of coverage that can protect you from claims against your business.
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For example, if a customer slips and falls on your premises or is injured by a falling object, a bodily injury can cost you your business.
The coverage also includes property damage protection, which covers damage you cause to other people’s property in the course of your work, and product claims protection, which covers you if your products cause illness or physical injury.
There is also coverage for personal and advertising-related injuries, which protects you in claims related to falsehood, defamation or copyright infringement.
The amount of general liability coverage your business needs depends on factors such as your company’s goals and contractual requirements.
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Public liability insurance is often combined with property insurance in a business owner’s policy (BOP), but it is also available as stand-alone coverage for many contractors through the Progressive Business Advantage® Program.
As a contractor or small business owner, you need some type of professional liability insurance to protect your life.
Even a single accident can lead to a lawsuit that you won’t be able to handle. An important way to protect against this is to make sure you have liability coverage that matches your level of risk.
Some employers or clients may also require you to take a public liability before you can work for them.
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If you are a contractor, you may only need general liability instead of a business owners policy (BOP). For example, you may not own a commercial building that requires home insurance to cover wages or other operating expenses. However, you are still responsible for the risks of your job.
You may be eligible to obtain general liability insurance, without additional coverage at BOP, through the Advanced Business Insurance Program. We also provide general liability as well as an excess amount of insurance for selected contractors.
Some contracts with employers extend your existing liability insurance to other entities.
In 2022, the national average cost of general liability insurance through Progressive was $53. The average price was 72 dollars.
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Most consumers see their monthly premiums close to the average price because expensive outliers often increase the average cost. Your rate will depend on the specifics of your business.
Learn more about general liability insurance costs, policy evaluation factors and money saving tips to help you find the best balance between price and protecting your business. Call us or get started online.
If you own a commercial building and other commercial personal property, you may need the additional protection that a BOP provides.
No, but not having public liability insurance may cause you to pay all costs associated with a lawsuit against your business. For example, a customer trips on the carpet while visiting your office and breaks his leg. Without public liability insurance, you may be solely responsible for all medical bills and legal fees. Therefore, although it is not required by law, it should be a priority for your business.
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Yes. When you get a quote you choose your overall responsibility. A deductible is a fixed out-of-pocket cost you agree to pay before your coverage begins.
Public liability insurance only pays for third-party damages, not yours. You are considered the “first party”. A “third party” is someone who has a claim against you. This means that general liability will not cover your property or equipment against theft or damage.
To protect your property, we offer business personal property coverage as part of a business owner’s policy.
Yes. Because public liability premiums are considered a “cost of doing business,” they are usually written off at tax time. That said, it’s a good idea to consult a tax professional to make sure.
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No, general liability only provides coverage for claims made by others against you for bodily injury or damage to their property. To protect you against claims against you due to professional negligence or mistakes, you need professional liability insurance.
The Certificate of Insurance (COI) is an official document that lists all the coverages and limitations on the insurance policy. Basically, it proves that you have insurance and details your policy’s coverage and limits.
Yes. Progressive can help you get business insurance, including general liability, in all states except Hawaii. Search by state.
Yes. High-risk businesses can obtain general liability insurance in a special marketplace called Lines Extra and Excess (E&S). E&S insurance provides coverage for businesses that the standard market does not protect. For some businesses it may cost $11 per month or $128 per year, but the actual price you pay depends on the location and services of your business.
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Your general liability insurance policy can help cover your costs if you claim you injure someone who is not an employee (known as bodily injury) or damage your property.
If you own a retail business or work in professional services, your business insurance policy may cost less than a construction contractor. This is because high-risk businesses may be more likely to have claims involving injury and property damage.
Contractors work with other people’s property, build buildings and use expensive equipment. They face greater risks in day-to-day business operations than many other businesses.
If you own a hair salon and employ seven people, your insurance costs may be higher than a hairdresser working alone.
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A small business owner in New York City may pay more for insurance than a business owner in Wyoming.
This is partly due to different rules from state to state and partly because insurance costs are sometimes higher in densely populated areas with more property demands.
For example, if you run a lawn care business and have previously had insurance claims related to property damage, you may find that your premiums increase during renewal.
If you want more financial protection then you can choose a higher coverage limit. Higher limits will almost always increase the amount you pay for insurance, but you may end up paying less out of pocket in the event of a claim.
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For example, if you are an electrician with 25 years of experience and no claims, you can expect to get paid less than an electrician who has been in the business for two years and has not experienced an insurance claim.
Note: In order to receive the correct coverage and avoid delays in processing claims, it is important to provide the most accurate information about your business when you receive a business insurance quote.
An insurance company calculates your premium by taking into account all of the factors listed above, such as your likelihood of making a claim and how many employees you have.
Getting affordable business insurance with NEXT is easy – it’s also reliable. We customize your coverage to your business needs and operations. After we answer some of your questions through our quick online process, we’ll share options with pricing for your business.
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You can be fully covered in minutes and licensed consultants are ready to help if you need it.
So what is the average cost of general liability insurance? Here are the average monthly premiums for general liability insurance for different businesses:
Typical liability policies have a per-claim limit (also called a “per-occurrence limit”) and a cumulative limit (the maximum amount of coverage during the policy period, usually one year).
For example, let’s say you have a general liability policy with a limit of $500,000 without a deductible. You have a one-time claim for a customer’s home damage that costs $600,000 to settle. That means you have to pay $100,000 out of pocket.
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If you want more protection against damages and incidents, you will need higher limits on your insurance policy, which means you will pay more for that policy as well.
The right amount of coverage for your business depends on your personal needs and how comfortable you are with financial risks.
A safety and training plan can help limit the possibility of insurance coverage and increasing your policy costs.
For example, your wave wasn’t high enough and collapsed while you were on the top wave. Fortunately, no one was hurt, but the ladder went through a window. Next time, you can use a scaffold or a higher output.
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Lower limits will pay you, but put you at risk of financial loss if you don’t get enough. And if you choose a higher deductible, you may pay less for the policy (the deductible is the amount you pay before your insurance policy starts).
In addition to the risks that general liability insurance covers, many businesses need more than one type of business insurance.
You can save up to 10% if you buy more than one type of business insurance with NEXT. Insurance packages are usually a combination of general liability and:
For example, if you increase workers’ compensation