As with every type of insurance policy, high risk commercial general liability insurance follows a pattern in which those businesses which are associated with the highest risk industries will pay the highest premiums.commercial general liability insurance protects you and your business

Figuring out the cost of general liability will, therefore, simply require you to know what industry you are in and how much of a risk you take each time you work on a project. The median insurance cost associated with general liability insurance is about $740/year, and only about 13% of businesses pay a higher premium than $1,000. Most small businesses pay about $400 to $600 per year, depending on the type of work they do.

According to recent stats, the industries that carry the most risk and therefore pay the highest premium are the wholesale, contracting, real estate and manufacturing industries. Wholesales professionals pay the most, while insurance, healthcare and accounting experts pay the least.

Everyone else, from nonprofits to IT professionals and consultants are typically around the average mark, somewhere between $400 and $800 per year.

Depending on what line of work you’re in, the risks might involve more than just damage. It could also involve you being responsible for a host of other problems that your client might be experiencing as a result of their experience with your company. However, with general liability insurance, most of those issues will be dealt with.