General Liability Insurance Small Business Cost Canada

Business liability insurance cost varies per business but on the average annual cost can range from 400 to 1 500. 1 as with any policy the cost is subject to change based on your specific business s details but policies arranged by thimble start at 17 a month.

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The information below will help you determine which coverage options are essential for your business.

General liability insurance small business cost canada. The cost of small business insurance. We understand that canadian small business owners need to be strategic in their spending. General liability insurance is for businesses of all sizes.

For more information see our business owner s package and entrepreneur s package. It offers superior coverage for employment practices liability product recall expenses trademark infringement and more. Liability edge is a comprehensive package that includes 13 different coverage extensions to enhance your commercial general liability insurance policy.

What you do where you work how long you need coverage and the size of your team. On average small business owners typically pay around 30 month or 360 per year. The cost of a cgl policy is based on just a few things.

Contact our small business insurance representatives at 1 877 766 9069. General liability insurance is a necessity for any business that has a brick and mortar store because it protects your business from a variety of different liabilities that could occur inside or outside of the store. To give you a better idea on the average cost of general liability insurance a per industry level here s some data based on an aggregate policy limit of 2 million and a per occurrence limit of 1 million.

Regardless of policy limits the median cost of general liability insurance is 42 per month 500 annually. The median cost offers a more accurate estimate of what your business is likely to pay than the average cost of business insurance because it excludes outlier high and low premiums. With the flexibility to choose the limits you need you can customize your insurance policy to your business and easily.

A bundled insurance package that is designed specifically for small business can be a cost effective solution. We want to help you better understand the cost of small business insurance and some of the factors that help determine your premiums so you can make an informed decision on what coverage to get.

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