A $1 million general liability policy usually costs about $20 to $50 per month for many small businesses. Higher-risk operations may pay more based on industry, revenue, payroll, location, claims, limits, and the work performed.
FAQ_category: (HIDDEN) Industry FAQs
Not every Connecticut business is required to carry the same policies. Most employers must carry workers’ compensation, registered vehicles require liability insurance, and certain contractor registrations require general liability. Leases, contracts, clients, and professional rules may create additional requirements.
Yes. If standard insurers decline your property, the California FAIR Plan provides basic commercial coverage with limits up to $20 million per building. Hardening your property can earn a discount of up to 20 percent on the wildfire portion of your premium.
You face a misdemeanor charge, a fine of not less than $10,000, and possible jail time. The state can also assess penalties up to $100,000, stop your use of employee labor, and hold you responsible for an injured employee’s medical bills.
As of January 1, 2025, California requires $30,000 per person for bodily injury, $60,000 per accident, and $15,000 for property damage. Most businesses carry higher limits because contracts demand them and real accident costs routinely exceed the state minimums.