What exactly are general liability and professional liability premiums based on?

Answer

Sales, payroll, number of professionals on staff, prior claim activity, years in business, types of services performed, geographic region and litigation history of the region, risk prevention methods you use to combat lawsuits.

Answer

this depends on the type of business it is. Some are rated on sales, area, tickets sold, etc...need more specific information It also depends on the company providing the policy. Some rate on sales, payroll, area, etc. What type of business are you talking about and that will help? Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!