General liability insurance costs vary by state and industry, but most small businesses pay between $400 and $2,200 per year. States with lower cost of living and business-friendly legal environments like Wyoming ($350-$1,300) and Tennessee ($400-$1,500) tend to have lower premiums. States with higher litigation rates like Louisiana ($500-$2,000) and Florida ($500-$2,200) cost more. According to the Insurance Information Institute, your industry classification, annual revenue, and claims history are the biggest factors affecting your premium.
One of the most effective ways to save on GL insurance is bundling it with commercial property coverage through a Business Owner’s Policy (BOP), which typically saves 10-25%. Request a free quote from Bridgeway Insurance to see your exact rate.
