General Liability Premium Calculator
Estimate general liability insurance premiums based on revenue, payroll, industry classification, and coverage limits.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Monthly Premium
$253.00
≈ 5 tanks of gas
How to Use This Calculator
- Enter your annual business revenue.
- Select your industry or business class code.
- Input the desired per-occurrence and aggregate liability limits.
- Review the estimated general liability premium.
- Get competitive quotes from at least three carriers before binding coverage.
How the result changes with Annual Revenue
| Annual Revenue | Monthly Premium |
|---|---|
| $5,009,000.00 | $1,981.45 |
| $17,506,500.00 | $6,772.16 |
| $32,503,500.00 | $12,521.01 |
| $45,001,000.00 | $17,311.72 |
What each input means
- Annual Revenue
- Your business's annual gross revenue.
- Annual Payroll
- Total annual payroll for all employees.
- Industry Risk Level
- Risk classification for your industry.
- Per-Occurrence Limit
- Per-occurrence coverage limit. $1M/$2M aggregate is the most common.
- Deductible
- Per-claim deductible amount.
- Years in Business
- Established businesses qualify for experience discounts.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersAnnual Revenue = 500000, Annual Payroll = 200000, Industry Risk Level = 1, Per-Occurrence Limit = 1000000 = 6 input(s) provided
- Calculate Monthly PremiumMonthly Premium253 = $253
- Calculate Annual PremiumAnnual Premium3036 = $3,036
- Calculate Revenue-Based ComponentRevenue-Based Component2500 = $2,500
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