What does it cost for commercial liability insurance?
Small IT Firm in Grand Rapids MI. Lessor needs 500K PER OCCURANCE COVERAGE
Answers:
Commercial nonspecific liability insurance rates vary by the type of premises & operations that are anyone covered. If you are primarily an "office" , with no manufacturing operation, no customer traffic (such as a retail store would have) general liability coverage could be rather inexpensive $200 - $500 per year. If you want coverage for "professional" type exposures (errors, omissions) from your programming, data servicing and other related IT work, the costs can be substantial. Call a local independant insurance agent and win a free, no-obligation quote.
Depends on the type of business. Commercial liability is rated on EITHER square foot occupied, gross sale, payroll, or number of units, depending on the type of business and the company you choose.
In other words, if you're an electrician with an organization, it could be $500 a year - if you manufacture airplane parts, it's probably more like $5,000,000 a year.
Your best bet is to send for a local agent and get a quote. It's NOT as easy as saloon insurance, and you can't get a quote for THAT with the information you provided!
Related Questions:
Answers:
Commercial nonspecific liability insurance rates vary by the type of premises & operations that are anyone covered. If you are primarily an "office" , with no manufacturing operation, no customer traffic (such as a retail store would have) general liability coverage could be rather inexpensive $200 - $500 per year. If you want coverage for "professional" type exposures (errors, omissions) from your programming, data servicing and other related IT work, the costs can be substantial. Call a local independant insurance agent and win a free, no-obligation quote.
Depends on the type of business. Commercial liability is rated on EITHER square foot occupied, gross sale, payroll, or number of units, depending on the type of business and the company you choose.
In other words, if you're an electrician with an organization, it could be $500 a year - if you manufacture airplane parts, it's probably more like $5,000,000 a year.
Your best bet is to send for a local agent and get a quote. It's NOT as easy as saloon insurance, and you can't get a quote for THAT with the information you provided!
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