How Do I Get a Certificate of Liability Insurance?
A Certificate of Liability Insurance is an insurance policy's proof of purchase. In order to get a certificate, you have to buy a small business liability insurance policy.
Why might you want a certificate? It's a pretty common request from people who have a stake in what happens to your business. For example: your landlord might want to see a Certificate of Liability Insurance for your General Liability policy. A client might want one for a Professional Liability Insurance policy.
To get an idea of what they're asking for, download a sample Certificate of Liability Insurance [PDF].
If you buy a small business liability insurance policy through Insureon, you'll be able to download a certificate whenever you need one from your customer portal.
How Much Does Liability Insurance Cost?
The biggest factor that affects how much liability insurance costs is the type of policy you're buying.
Other things affect the cost, too: your industry, how many employees you have, how big your business is, and more.
On average, though, Insureon customers spend…
- $48 per month for General Liability Insurance.
- $83 per month for Professional Liability Insurance.
Workers' Compensation Insurance requirements are determined by state law, so your costs depend on where you live.
Whatever you pay, though, the cost of liability insurance is far less than the cost of a lawsuit. The Court Statistics Project reports that a liability suit that goes to trial can cost $54,000.
Want more information about the cost of liability insurance? Take a deeper dive on our Business Insurance Cost Analysis.