Buy Commercial Liability Insurance Quotes

Commercial liability insurance quotes are estimates of the cost of insurance coverage that businesses can purchase to protect themselves against legal and financial liability in case of accidents, injury, property damage, or other events that may cause harm to others.

These quotes are typically provided by insurance companies and are based on a variety of factors, including the type of business, its size, the number of employees, the nature of its products and services, and the level of risk involved. The quotes typically include information about the coverage limits, deductibles, and any exclusions or limitations.

The average price of a standard $1,000,000/$2,000,000 Commercial Liability Insurance Quote for small businesses ranges from $27 to $49 per month based on location, industry, payroll, sales and experience.

Type in "commercial liability insurance" into Google and you'll receive hundreds of thousands of results.

There are hundreds of different insurers that offer this service, making your search for the best deals more like a headache.

You will also find insurance comparison websites. These sites typically sell your quote request to multiple insurance agents - so get ready for a wave of phone calls.

If you are willing to talk to multiple licensed brokers - this is one of the easiest ways to get quotes.

Use Third-Party Review Sites

Found a couple of insurers you are interested in? Head over to third-party review sites, where you'll find reviews from consumers who have used a particular type of commercial liability insurance quotes in the past.

This helps you decide on the best policy for you, and you can find out whether an insurer provides good customer service, flexible payment options, and a simple application process.

Talk to a Real Person

The internet can only give you so much information. If you really want to find the best quotes, contact a broker by phone and talk to a real person. An commercial insurance broker will tell you about the different options for your business, such as you how much your premiums will cost and the maximum amount you can claim per occurrence and aggregate.

Remember, ask plenty of questions before you commit to any service. If you're not sure about a particular policy, take some time and think about it for a while before making up your mind.

Get Enough Coverage

The commercial liability insurance quote you will be given will depend on the amount of coverage you need. Remember, you need a policy that covers your business properly. Not all insurance companies will give you the amount of coverage you need, however, and you might find that some events aren't even covered at all.

That's why it's important to read through the quote before you set up commercial liability insurance.

Review Your Current Policies

If you already have commercial liability insurance with a company, contact them and ask them whether you currently have the best deal. Your insurer might recommend another service that benefits your company better, especially if you are paying for things on your policy that you don't need.

Alternatively, you can contact the company where you hold other types of insurance and see whether they specialize in business liability insurance. Ask them to give you commercial liability insurance quote and see how they compare with other insurers on the market.

They might be able to offer you a reduce rate if you add a commercial liability policy to any existing insurance policies you currently hold with them.

Review Your Insurance on a Regular Basis

Just because you have the best deal right now, doesn't mean that things won't change. In order to get the best commercial general liability insurance deals, you'll want to review your policy once a year and compare it with other types of coverage on the market. You might find that another company is offering a very similar policy for a cheaper price, for example. Alternatively, you might want to upgrade your business insurance so you have more coverage if your the risks to your business have increased.

Below are some examples of commercial liability insurance claims and coverage:

1. Bodily Injury: If a customer slips and falls on your premises due to a wet floor, they could sue your business for their medical bills and lost wages. Commercial Liability Insurance would cover the cost of the lawsuit, including legal fees, court costs, and any settlements or judgments, up to the policy limits.

2. Property Damage: Suppose your business is a plumbing service, and one of your employees accidentally causes significant water damage to a client's property. The client could sue for the cost of the repairs. Commercial Liability Insurance would cover these costs, including the expense of hiring a defense lawyer and any money you're ordered to pay as a result of the lawsuit, subject to your policy limits.

3. Product Liability: If your business manufactures a product that ends up causing harm or injury to a consumer, your business could be held liable. For instance, if a toaster you manufacture overheats and causes a house fire, the homeowners could sue for the damages. Commercial Liability Insurance would cover the cost of the lawsuit, such as legal fees, and any settlements or judgments awarded.

4. Advertising Injury: If your marketing department unknowingly uses a copyrighted image in an ad campaign, the copyright owner could sue your company for infringement. Commercial Liability Insurance would cover the cost of the lawsuit, which could include the cost of legal defense and any settlements or judgments.

5. Reputational Harm: If your company is sued for defamation or slander, perhaps due to a negative comment made about a competitor on social media, Commercial Liability Insurance could help. It would cover the legal fees, court costs, and any settlements or judgments, subject to the policy's limits.

6. Data Breach: If your company's database is breached and customer information is stolen, those customers could sue your company for failing to protect their data. While Commercial Liability Insurance might not cover this by default, if you have a cyber liability endorsement or separate cyber insurance policy, it would cover the cost of the lawsuit, including legal fees and any settlements or judgments.