It covers third-party bodily injury, third-party property damage, personal and advertising injury, and related legal defense on covered claims. It does not replace workers’ compensation, commercial auto, property, professional liability, or cyber insurance. Your policy form and endorsements control what is actually covered.
FAQ_category: (HIDDEN) Industry FAQs
Based on Gild’s general pricing guidance, many low-risk Montana small businesses may pay about $20 to $100 per month for general liability insurance or a basic policy. Adding employees, vehicles, property, professional services, or higher limits raises the cost. This is an estimate, not a government-published statewide average.
Not as a universal statewide rule. The general liability insurance Montana businesses carry is usually required by a landlord, client, lender, event organizer, or general contractor instead. Some licensed activities carry separate rules. Check the requirements tied to your location, profession, and signed contracts.
Some coverage is. Most employers with employees need workers’ compensation, subject to Montana’s statutory exemptions. Vehicles on public roads must meet state liability limits. A professional license, local rule, lease, loan, or client contract can add more requirements on top of state law.
No. Standard commercial property policies exclude earthquake damage. Because southeast Missouri sits on the New Madrid Seismic Zone, coverage matters here more than in most states. You can add an earthquake endorsement to your property policy or buy a separate earthquake policy. Ask before you need it.