Increasing my company's liability insurance coverage?
Is is going to cost me a lot more to increase my current liability coverage (750k) to 1 mil?
Answers: Almost zilch. Go for it.
It shouldn't. Most insurance losses end up setlling beneath the 100k range, so the first 100k of coverage is the most expensive. the 750-1 Mil shroud is seldom reached and consequently cheaper. It could increase your premium by 5-10%. It should not cost much to increase your liability coverage by only $250K. You may want to try out a up to date site I found www.QuoteItNow.com where you can log on and obtain a real time quote for liability and you can purchase beside your credit card 24/7.