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Professional services

General Liability Insurance Calculator

Estimate general liability premium from revenue and the risk class of the work.

Your numbers

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Prior claims increase the premium, sometimes sharply.
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Result

Estimated annual premium $3,827
Per month $318.92
Before loadings $4,125
Credit for the deductible $298.02
Effective rate on exposure 0.51%
Roughly $3,827 a year, about $318.92 a month, which is 0.51% of the exposure. Underwriting will move this considerably.

An estimating tool, not insurance advice and not a quote. Actual premiums are set by underwriting on factors no calculator sees: claims history, credit and loss data, exact location, construction, contract requirements and the insurer's own appetite. What cover you need is a question for a licensed broker who has looked at your situation. General liability covers third party bodily injury and property damage arising from your operations. It does not cover faulty workmanship itself, professional advice, employee injury or vehicles, each of which needs its own policy. Contracts frequently specify minimum limits and additional insured status, which changes the premium.

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Questions

About this calculator

What does general liability actually cover?

Third party injury and property damage caused by your operations, plus the defence costs. It does not pay to redo your own defective work, which is a common and expensive misunderstanding.

Why do contractors need higher limits?

Because the contracts require them. General contractors and property owners routinely specify a minimum, often one million per occurrence and two million aggregate, plus additional insured endorsements.

The formula

premium = exposure / rate basis x rate x risk multiplier, less deductible credit, plus claims loading

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Estimating is the easy part

The jobs you never hear about cost more than the ones you mis-measure. BDEVY builds the marketing, systems and automation that bring them in.