A $1 million general liability or commercial policy typically costs anywhere from $50 to $200 per month ($600 to $2,400 annually) for standard low-to-moderate risk small businesses. The precise monthly cost is determined by your industry hazard classification, annual gross revenue, number of employees, physical location, and whether the policy is purchased as a standalone contract or bundled inside a comprehensive Business Owner's Policy (BOP) alongside property and business interruption protection.
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