answersLogoWhite

0


Best Answer

Depends on what business you have, what license you carry, gross receipts, payroll etc. There is no "typical rate" without have more information. You could work with a Broker such as myself to shop the market for the best rate, based off of the information listed above.

If you would like more assistance with a quote you can send me a message on my user page.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much does one million dollar liability insurance cost?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How much does one million dollar liability insurance cost for a pest control company?

1 billion dollars


What is the price range for liability insurance for corporations seeking 2 million dollars in coverage?

That all depends. What type of corporation? What is your risk exposure? What is your loss history. There is not enough information to answer. Could be 100 dollars or could cost you a million dollars.


How much does financial liability coverage cost for an insurance broker?

While there is no insurance category for, "financial liability", let's assume that you are asking about "professional liability" which is sometimes also referred to as "errors & omissions". The first question would be how the insurance broker is licensed. Life & Health or Property/Casualty (or both). Professional liability for a Life & Health producer is relatively inexpensive; usually only a few hundred dollars a year. Of course if the Life & Health producer is also licensed for securities, this can increase somewhat. Professional liability for a Property/Casualty producer is significantly more expensive, and can vary depending upon the producer's specialties. If we're only talking about homeowners, auto, small business, then the premium for, say, $1 Million, might start around $1,500/year. If the producer specializes in more complex forms of insurance, the premiums may be higher by, say, 100%-200% per year.


How much does a one-million-dollar liability insurance policy cost?

Too many variables. Liability insurance for what? You need to contact an insurance agency that handles commercial insurance and ask them.AnswerSomewhere between $50 - $1000 a month... $50 If you are doing something like selling flowers or something harmless, more if you are into EOD or radioactive waste handling... AnswerProbably about $100 a month for the average, not-too-dangerous service based small business. AnswerBut for real, like the other guy said, you need to call an agent- this stuff varies by location (someone working in the ghetto in Detroit or SCLA or something will definitely have different rates than someone in BF Maine or Montana). If you don't want to be too specific just ask an agent for a quote that lists the various deductibles and rates thereof. Unfortunately you wont find online quotes for stuff like this- it's not as cut-n-dry as car insurance, for example, too many variables...


How much does a one-million-dollar life insurance policy cost?

It depends on the insurance company and it also depends on rather or not the person whom you are trying to get insured was a smoker, drug user, or had HIV/AIDS. You can not get a policy without the insured knowing it. They must pass a health screening. That is what determines your quote. These online insurance companies can't really tell you anything with their online quotes. But if you are really serious then you would need to contact a insurance salesman or some sort of agent. They say, the typical million-dollar policy is around $250. Not affordable for the average person. And also remember that you have to have a reason for wanting a large policy like that to begin with. That type of policy will not be given to the average person who's gross income is $25K yearly. They would offer a person like that a normal life insurance policy. You must have reason for wanting one.

Related questions

How much does one million dollar liability insurance cost for a pest control company?

1 billion dollars


Average cost of product liability insurance?

$0.99 I bought some at The Dollar Store


What is the average cost of insurance for a million dollar property?

$750/month


What is the cost of one million dollar construction insurance policy?

A one million dollar general liability policy should be about $700.00 - $800.00 annualy if it's written correctly. If you are asking about a Personal Liability Umbrella, the cost may be closer to $200 annual depending on what state you live in and what you want covered under the umbrella, and if your cars it also takes into consideration the driving histories.


On average how much does a one million dollar liability two million aggregate insurance policy cost?

That would depend on what type of business you are referring to and the exposures of that business endeavor. It could cost you 500 dollars or 50,000 dollars. There is just insufficient information here to provide an answer.


Cost of one million retail business liability insurance?

NO way to answer this you will need to contact an agent(s) for a quote.


How much does the insurance cost for a 1.5 million dollar Lamborghini?

It costs about $300.000 a year.


What is the average cost for liability on a car insurance?

what is average amount of liability insurance for cars in new york


Does 2 million liability car insurance cost more than 1 million?

Most times more liability insurance costs more to the average driver. However, if you have had safe driving experience for over ten years then most times you will see little price difference.


How much should tractor trailer insurance cost?

This varies greatly but unlimited mile radius for 1 million liability is about 9k a year. Cargo insurance is a different policy and depends on what you haul.


How much does a 2 million dollar LLC insurance policy cost for a contracting company?

approximately about 2,200 dollars a year...


What is the ratio of the insurance cost of Worker's Comp to Liability Insurance?

Usually workers comp is less than the Liability Insurance. The Liability is based off of the gross receipts where as the workers comp is the number of employees and their hourly rate.