Small business general liability insurance protects against financial losses resulting from bodily injury, property damage or personal and advertising injury claims made by third parties. Your insurance agent can help you determine the appropriate coverage limits to mitigate your business’s risks and liabilities. 

To learn more about general liability insurance for small businesses and to obtain a quote, contact McCune & Reed Insurance. 

How Insurers Calculate General Liability Insurance Premiums 
Each insurer has its own proprietary algorithms to set premiums for general liability insurance. The following factors are typically considered:  

• The size of your business  
• The size of your policy  
• Your business’s claims history  
• Your industry 

Obtaining personalized quotes from several reputable insurers through your agent is important. By shopping around for general liability insurance, you can find the best value for your insurance budget. 

How to Purchase General Liability Insurance 
There are two ways to purchase general liability insurance coverage:  

• As a standalone policy—General liability insurance can be purchased as a standalone policy for businesses of any size, and it typically has relatively low premiums given the coverage it provides. Even small businesses can be liable for damages resulting from accidental harm caused during regular business activities.  
• As part of a business owner's policy (BOP)—A BOP typically includes three main policies: commercial general liability insurance, commercial property insurance and business interruption insurance. BOPs offer these essential coverages at a discounted rate. However, BOPs are not suitable for every small business, and insurers determine eligibility. Working with your agent is crucial to determine if your business could benefit from a BOP. 

Work with your agent today to discuss your liability insurance needs and determine what options may be available for purchase.  

Contact McCune & Reed Insurance to Get Covered 
The small business insurance specialists at McCune & Reed Insurance can help companies obtain the coverage they need at a competitive rate. Contact us today for personalized quotes for general liability insurance coverage. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.