Quora Answer: How Much Does Business Liability Insurance Cost?

The following is my answer to a Quora question: “How much does liability insurance cost for a business?”

There is no fixed cost.  It depends on what, and how much you want to cover.  The insurer needs to quantify the exposure to different categories of risk before they can underwrite, and then quote you the premium for the duration of coverage.

In any case, whatever the premium, as long as you are able, you should take it since the claim experience tends to be high overall.  Whatever you pay in premium is definitely lower than any liability you would incur.