I’m trying to budget for my company and wondering how much does business liability insurance cost. Does the cost depend on the type of business? Is business liability insurance really necessary for small businesses?
This question made me go back and look at my bills I pay about $900/year for general liability for my small ecommerce business. Nothing fancy, just basic customer injury/property damage coverage. So far it’s given me peace of mind, even though I haven’t filed any claims yet.
It absolutely depends on your industry. If you’re a home cleaner vs commercial painter, you’ll see different quotes.
Business liability insurance typically costs $400–$1,500 per year, depending on industry, location, coverage limits, and risk level. Prices vary widely based on your business specifics.
