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How Much Does General Liability Insurance Cost for Tech Businesses?
Policies start at $36 / month.
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What Is the Cost of General Liability Insurance for a Small Business?

The median cost of General Liability Insurance (aka Commercial General Liability or CGL) ranges from $425 to $921, and the annual average cost ranges from $483 to $2,758. The price of the policy depends on a number of factors, including business size and type. To give you a better picture of Commercial General Liability costs, we'll look at typical prices for three types of IT businesses:

  • IT contractor / independent contractor (no employees).
  • Small IT consulting company (2 – 5 employees).
  • Large IT consulting company (6+ employees).

The following sample quotes (i.e., policy cost estimates) are meant to serve as a guide to what you might expect to pay for your own coverage. They do not constitute recommendations. Visit Insureon for a comprehensive analysis of the cost of General Liability Insurance across all types of small businesses.

Worth noting: We provide both average and median numbers to give you a better idea of how much General Liability costs. For example, if you see that the median cost of a policy is significantly lower than the average, this likely means that a few expensive outliers drove up the average cost, but that the majority of customers purchased less-pricey policies.

What Does Commercial General Liability Insurance Cover?

Before we get to the sample quotes, know that Commercial General Liability Insurance typically covers…

  • Third-party (i.e., non-employee) bodily injuries.
  • Damage you cause to a third party's property.
  • Medical expenses for someone injured on your premises.
  • Completed products liability (i.e., damage your finished products cause).
  • Advertising injury, such as slander or libel.

Sample Commercial General Liability Insurance Quote: IT Consultant / Independent Contractor

For the purposes of this sample quote, we consider an independent contractor to be one person who…

  • Works alone.
  • Doesn't have employees.
  • Has $0 – $150,000 in annual revenue.

Based on those specs, here's what an IT contractor typically pays for their coverage:

  • Average General Liability Insurance cost: $483 / year.
  • Median General Liability Insurance cost: $425 / year.

Policy Breakdown: What It Covers

Total coverage limit (per occurrence) $1 million
Total coverage limit (annual aggregate) $2 million
Personal & Advertising coverage limit (per occurrence) $1 million
Completed Products coverage limit (annual aggregate) $2 million
Damage to Rented Premises coverage limit $300,000
Medical Expenses coverage limit $10,000

Sample Commercial General Liability Quote: Small IT Consulting Company

For the purposes of this sample quote, we consider a "small" IT consulting company to be one that has…

  • 2 – 5 employees.
  • $25,000 – $1,000,000 in annual revenue.

Based on this information, here's what small IT consulting companies may typically pay for their coverage:

  • Average General Liability Insurance cost: $1,110 / year.
  • Median General Liability Insurance cost: $538 / year.

Policy Breakdown: What It Covers

Total coverage limit (per occurrence) $1 million
Total coverage limit (annual aggregate) $2 million
Personal & Advertising coverage limit (per occurrence) $1 million
Completed Products coverage limit (annual aggregate) $2 million
Damage to Rented Premises coverage limit $300,000
Medical Expenses coverage limit $10,000

Sample Commercial General Liability Insurance Quote: Large IT Consulting Firm

For the purposes of this sample quote, a "large" IT consulting firm is one that has…

  • 6 – 10 employees.
  • $3 million – $10 million in annual revenue.

Based on the above, here are the ballpark costs for a large consulting firm's coverage:

  • Average General Liability Insurance cost: $2,758 per year.
  • Median General Liability Insurance cost: $921 per year.

Policy Breakdown: What It Covers

Total coverage limit (per occurrence) $1 million
Total coverage limit (annual aggregate) $2 million
Personal & Advertising coverage limit (per occurrence) $1 million
Completed Products coverage limit (annual aggregate) $2 million
Damage to Rented Premises coverage limit $300,000
Medical Expenses coverage limit $10,000

Get Free General Liability Insurance Quotes for Your IT Business

Ready to see what your General Liability policy may cost? Complete our free online application (the process should take about 15 minutes), and one of our expert agents will email you free quotes. You can compare them at your leisure or call your agent so they can explain your options.