What is the cost of general liability insurance for a small sole proprietorship?
I am doing a project for a business proposal and I just need a ball park figure for what the cost of general liability insurance would be. The business is just me working as an Interior Designer out of a home office with no employees.
Tags: Cost, general, Insurance, Liability, proprietorship, small, sole
It depends on what state your in. And, different companies have different rates.
In Ca around $250-$500.
Interior designer, including professional liability, inland marine coverage for the ‘stuff’ you buy for your clients, etc, should run you around $4,000 a year for a package policy, NOT including auto or workers comp, IF your gross receipts are under $150,000 a year.
Well yeah, different rates can be applied from different insurance companies out there.
I suggest you can try getting quotes online if you are looking for estimates.
But to have an accurate price, you can call the company directly or an
insurance agent to help you out on this one.:)
Hope it gives you an idea!