Pricing numbers are based on representative partner data for 2024-2026 general liability policies. Based on policies from Sep 25, 2024 through Sep 17, 2026.
GENERAL LIABILITY
Finance $22/month for general liability
WHY IT MATTERS
Why Finance need business insurance
Finance businesses can face claims tied to professional work, visitors, employees, property, and business vehicles. Separate coverage lines address different risks, subject to each policy's terms and exclusions.
SCENARIO 1
A client alleges a costly error
A client claims your work caused a financial loss. Professional liability insurance may help with covered legal defense and settlement costs.
SCENARIO 2
A visitor is injured
A client slips at your office and files a claim. General liability insurance may help pay covered medical, legal, or settlement costs.
SCENARIO 3
Office property is damaged
A fire damages furniture, computers, or other insured property. Commercial property insurance may help pay covered repair or replacement costs.
PRICING FACTORS
What determines your rate
Your actual quote depends on several factors specific to your operation:
Services you provide
Complex services or work with greater financial consequences can lead to a higher professional liability quote.
Workforce size
More employees and higher payroll can increase workers' compensation exposure and affect that coverage's rate.
Client activity
Serving more clients or handling more transactions can increase liability exposure and may raise a quote.
Property values
More office equipment, furniture, and other insured property can increase the cost of commercial property coverage.
Business vehicle use
More vehicles, drivers, or time on the road can increase commercial auto exposure and may result in a higher rate.
Claims history
Prior claims can signal a greater chance of future losses and may lead to higher rates or different terms.
Rate change by revenue tier
Estimated monthly premium range. These are estimates, not a quote — actual rates vary by business.
Most quoted tier: $100K–$499K
National data
National rate factors
Across the national market, rates and requirements vary by state and by carrier, even for finance businesses with similar operations.
State requirements
State rules can affect workers' compensation, commercial auto, and other coverage requirements without creating one standard for every business.
Location exposures
A location with greater exposure to theft, severe weather, or property damage may receive a higher commercial property quote.
Carrier appetite
Carrier interest in particular finance activities can vary by state, which may affect available terms and rates.
250
Quotes analyzed
43
States represented
6
Coverage lines
BEST RATE
How to get the best rate
Describe your services precisely
List the work you perform and avoid broad labels that could make your operations appear riskier than they are.
Prepare current business details
Gather accurate revenue, payroll, employee, property, vehicle, and claims information before requesting coverage.
Review contracts first
Check client, landlord, and lender agreements so requested coverages and limits reflect your actual obligations.
Document risk controls
Keep records of employee training, client approval procedures, data safeguards, and other controls relevant to your work.
FAQ
Common questions
What types of business insurance should a finance company consider?
The right mix depends on your services, workforce, property, vehicles, and contracts. Common options include general liability insurance, professional liability insurance, workers' compensation, commercial property insurance, commercial auto insurance, and a business owners policy.
Does general liability insurance cover mistakes in financial work?
General liability insurance generally is not designed for claims alleging that professional work caused a client's financial loss. Professional liability insurance may address covered errors, omissions, or negligence claims, subject to the policy's terms and exclusions.
Do finance businesses need professional liability insurance?
Professional liability insurance may be appropriate when clients rely on your services or advice. Contract requirements and the nature of your work should guide the coverage and limits you select.
Is workers' compensation needed for a finance business?
Whether workers' compensation is needed depends on your workforce and applicable state requirements. It may help cover eligible medical expenses and lost wages when an employee experiences a covered work-related injury or illness.
How should a finance business choose policy limits?
Start with the limits required by your contracts, lease, lender, or other business obligations. Then consider the size of your operations, possible claim severity, property values, vehicle use, and the amount of risk your business can retain.