The cost of a $2 million commercial insurance policy—typically structured using a $1 million primary general liability policy coupled with a $1 million commercial umbrella or excess liability policy—varies widely depending on your specific business sector, annual revenue, number of employees, and risk exposure. For low-risk office-based or consulting businesses, annual premiums for this level of umbrella coverage can range from $400 to $1,200 per year, whereas high-risk industries like construction, manufacturing, or commercial transportation will face significantly higher annual costs due to increased operational liabilities.
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