How much does professional liability insurance cost for a consultant?

Direct answer

It depends on the total appraised value, your security measures, and the climate control of your storage location, though premiums generally range from 0.5% to 1.5% of the total insured value annually.

Actuarial pricing models for high-value inland marine insurance policies. For additional information about the principles of specialized property coverage, see the Insurance Information Institute‘s guide on inland marine insurance.


What this means for you

It depends on the total appraised value, your security measures, and the climate control of your storage location, though premiums generally range from 0.5% to 1.5% of the total insured value annually.

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