✅ What Does General Liability Insurance Cover?

General liability insurance protects your business from common risks like customer injuries, property damage, and advertising mistakes. If someone slips and falls at your business or claims your marketing caused harm, this coverage helps pay for legal fees, settlements, and medical expenses. It’s often required for leases, contracts, and client trust—and is a foundational policy for any business, big or small.

✅ How Much Does General Liability Insurance Cost in Oklahoma?

💼 Average Monthly Costs

• Sole Proprietors (No Employees): Approximately $22 to $27 per month.

• LLCs with 20 Employees: Around $26 to $48 per month.

• General Range for Small Businesses: Most pay between $25 and $85 per month, depending on specific business factors.

📊 Annual Premium Estimates

• Low-Risk Businesses: Annual premiums can be as low as $125, with averages ranging between $300 and $5,000, influenced by factors like industry risk and coverage limits.

🧾 Factors Influencing Cost

Several elements can affect your premium:

• Industry Type: High-risk industries (e.g., construction) may face higher premiums.

• Business Size: More employees can lead to increased costs.

• Location: Urban areas might have higher rates due to increased claim risks.

• Coverage Limits: Higher limits result in higher premiums.

• Claims History: A history of claims can increase your insurance costs.