how much does small business liability insurance cost in washington state?

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    An LLC’s liability insurance policy typically costs between $300 and $1,000 per year; however, different types of businesses will have different needs and face different risks.

    how much does small business liability insurance cost in washington state - Related Questions

    How much liability insurance does Washington state require?

    Carry liability insurance limits of at least $25,000 for injuries or death to one person in an accident you cause, according to Washington state requirements. $50,000 for all injuries or deaths caused by you in an accident, and $10,000 for damage to anyone else's property caused by you in an accident.

    How much is liability insurance in Washington?

    Coverage LevelAverage Annual RateState Minimum — Liability Only$607

    How much is liability for a small business?

    PolicyMedian costAverage costGeneral liability$42/month$65/monthBusiness owner's policy (BOP)$53/month$99/monthProfessional liability (E&O)$59/month$97/monthWorkers' compensation$47/month$111/month

    How much does a 1 million dollar business insurance policy cost?

    For $1,000,000 of basic professional liability insurance, your company may pay between $300 and $1,000 per year on average. There are several factors involved in determining this price.

    Does my small business need general liability insurance?

    Do I have adequate coverage for my small business? General liability insurance is recommended for the majority of small businesses. Aside from that, your unique situation also plays a role. Workers' compensation insurance, commercial auto insurance, and professional liability insurance are all common types of business insurance.

    how much does small business liability insurance cost in washington state?

    The cost of a general liability policy for a typical small business in Washington ranges from $300 to $5,000 per year. The final cost of liability coverage will differ significantly depending on the SIC code or the insurance company's own GL rating classification system.

    How much does it cost to get liability insurance for small business?

    Policy Median cost Average cost
    General liability $42/month $65/month
    Business owner's policy (BOP) $53/month $99/month
    Professional liability (E&O) $59/month $97/month
    Workers' compensation $47/month $111/month

    How much is liability insurance in Washington?

    Coverage Level Average Annual Rate
    State Minimum — Liability Only $607

    How much does $1000000 in liability insurance cost?

    In general, general liability insurance costs $300 to $1,000 per year for a $1 million policy.

    How much is the average business insurance cost?

    Policy Average Cost Median Cost
    Workers' Compensation $86/month $80/month
    Business Owners' Policy (BOP) $84/month $85/month
    General Liability $53/month $57/month
    Professional Liability $46/month $50/month

    How much does a 1 million dollar umbrella policy cost?

    According to the Insurance Information Institute, an umbrella policy with a $1 million limit costs between $150 and $300 per year. Umbrella insurance typically provides good value for money due to its high coverage limit.

    How much does CGL insurance cost?

    In the United States, the average cost of commercial general liability (CGL) insurance is about $1,500. The cost of doing business for a small business is $597 per year or $50 per month.

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