Determining the right amount of general liability coverage depends on several factors specific to your business.
Factors to Consider
- Industry risk level — High-risk industries like construction need higher limits
- Business size — Larger businesses with more employees and customers face greater exposure
- Contract requirements — Clients and landlords may specify minimum coverage amounts
- Asset value — The more you have to lose, the more protection you need
Common Coverage Levels
Most small businesses start with $1 million per occurrence and $2 million aggregate. Businesses in higher-risk industries or with significant contracts may need $5 million or more, often achieved through an umbrella policy.
Your BlackArrow agent can evaluate your specific risk profile and recommend appropriate coverage levels.
