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Liability Insurance For Businesses

Joanne Said:

Approximate cost of business liability insurance for Virginia?

We Answered:

OK, you don't get "property damage" liability on a business policy.

Sounds like you're just a consultant type guy - liability will likely be based on either square footage or gross sales, but either way, I"m betting that a million of coverage, should run you around $750 a year.

Excluding professional liability.

Something to think about, though, you might be able to get a bop - including some property coverage - for $600 a year.

Gary Said:

What is the typical price range for business liability insurance?

We Answered:

Depends on your type of business and how much business you do.

Patsy Said:

Any good liability insurance for businesses?

We Answered:

Make sure the carrier is at least AAA rated

Jimmie Said:

What is an average monthly payment for Business Liability Insurance for a construction company LLC?

We Answered:

This would be based on your payroll, number of stories, residential or commercial construction, number of employees, etc. There are many more variables, so really hard to give you an idea of a premium without more information.

Contact a local independent insurance agent in your area. An independent agent will have access to several markets and can work with you to provide the best coverage for the best premium. Good Luck!

Leroy Said:

How much is business liability insurance for a business that provides only services?

We Answered:

In order to try to give you a price range for Commercial General Liability Insurance you would need to provide substantially more information than just stating that you provide only "services". What type of service -- bookkeeping is a service, so is dry cleaning, washing cars, babysitting, etc. Basically the majority of our economy is based on services.

If you need a quote for your business, my best advice is that you contact a local independent insurance agent who will be able to obtain multiple quotes, explain the coverage and also review your need for any other type of coverage.

You can go to this website to find an agent in your community: http://www.iiaba.net/agentlocator/findag…

I hope this information helps. Good Luck

Tony Said:

I need to find the Cheapest tempory Business Liability insurance.?

We Answered:

You're going to pay the same for a "one shot" as you will for an annual policy. The scaffolding will put you in a surplus market carrier, and the "minimum premium" will be the full year, payable in full. When you cancel the policy, you won't get any of it back.

Expect, if you're doing an outside job, that this policy will cost you $1500 to $2500. Nonrefundable, but still auditable, so if you do MORE work, they can charge more if you're payrolls are higher than you originally reported.

Ben Said:

What are the consequences of not having Product Liability Business Insurance?

We Answered:

Get Insured or become a Limited Liability company otherwise you risk losing absolutely everything!

The risk of lack of PL insurance is the same as with any other ... you have to pay a claim out of your own pocket. At least Ltd status would let you personally survive.

Discuss It!