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CostHelper > Small Business  > Liability Insurance

Liability Insurance Cost

How Much Does Liability Insurance Cost?

low costLow: $300-$700high costHigh: $1,000-$1,500+
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  Typical costs:
  • Premiums for liability insurance vary widely depending on the size of the business (in square footage and/or payroll), the risks involved and the exact type of coverage. A commercial liability policy for a home-based child care business runs $350-$700 or more a year, according to the National Network for Child Care[1] . Professional liability coverage for a photographer runs $1,000-$1,500 annually, according to the Professional Photographers of America.
Related articles: Workers Compensation Insurance, Dental Insurance

What should be included:
  • Basically, general liability insurance covers medical or other costs if someone or their property is injured at your place of business, and legal expenses if you are sued for these liabilities. A general liability policy can also cover product liability, which is needed if you manufacture or assemble a product that could cause harm in any way. Product liability insurance may be sold separately, and the cost depends heavily on whether you?re selling soft rubber balls or high-powered gas mowers.
  • Professional liability insurance covers you if someone claims you failed to properly perform your duties or services. This type of policy is usually purchased independently of general liability insurance.[2] describes the different types of liability insurance, and offers guidelines for insuring a home-based business.
  • The Entrepreneuers' Help Page[3] calls general liability insurance "as close to a must have as you may get when operating a business," and presents an overview of the common types of insurance needed by most small companies.
Shopping for liability insurance:
  • Ask your insurance agent about liability coverage for your type of business. If you don't have an agent, gives links to companies registered to sell liability coverage. Or check with your state insurance department for a list of registered companies in your area. The National Association of Insurance Commissioners gives links to state offices[4] and a way to search for financial details and complaint histories for specific firms.
  • Online quotes are available from[5] and
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What People Are Paying - Recent Comments
general liability insurance
Amount: $500.00 per year
Posted by: Security & patrol in Miami, FL.Posted: June 3rd, 2015 05:06PM
Insurer: New bussinesPolicy: None
I am starting a new business and need liability coverage
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Commercial Liability Insurance w/ tool rider
Amount: $999.00 per year
Posted by: Misha8888ify in Glford, NH.Posted: May 10th, 2012 04:05PM
Type of Business: Plumbing & HeatingAmount of Coverage: 1MM, 3MM Aggregate
Insurer: MerchantsPolicy:
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Commercial General Liability Insurance
Amount: $500.00 per year
Posted by: Cassndra Manago in Stockbridge, GA.Posted: November 18th, 2009 05:11PM
Type of Business: Behavioral Health & DDAmount of Coverage: 3000,000.00
Insurer: True Happiness Inc.Policy:
Insurance certificate listing the State of georgia as Certificate Holder.
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Liability Insurance
Amount: $0.00 per year
Posted by: Byron James in Florida, IN.Posted: April 29th, 2009 01:04PM
Type of Business: Transporting the sickAmount of Coverage: $300,000
Insurer: New BusinessPolicy: NONE
I am starting a new business and need liability coverage.
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