A standard $1 million general or public liability insurance policy for a small-to-midsize construction business typically costs between 70 and 100 dollars per month (averaging roughly 800 to 1,200 dollars annually). However, exact monthly premiums fluctuate depending on the specific trade risks (such as roofing versus interior carpentry), annual business revenue, employee headcount, claims history, and geographical location. High-risk commercial contractors or projects requiring broader policy endorsements may experience higher monthly premiums.
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