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General Liability Insurance Business
Julio Said:
How much would it cost for 3-5 million dollars General Liability Insurance?We Answered:
You're not going to GET a ball park on the internet, that works. I'm assuming that these chemical plants and refineries are in the oil & gas industry - making them VERY high risk, and making YOU very high risk, too - if you mess up, the company will PROBABLY be paying out the whole $5mm in a fire damage claim.So, you need general liability. With those gross sales, I'd expect it to be between $5,000 and $25,000 the first year. But I'd ALSO expect you're going to need professional liability - which will probably run you another $20,000 for $1,000,000 of coverage.