Key Rating Factors that Affect General Liability Premiums
This PDF is a scripted voiceover for a ~5.5-minute instructional video explaining the primary rating factors insurers use to set General Liability Insurance (GLI) premiums. It covers industry classification, business size and revenue, location and claims history, coverage limits and deductibles, employee count/payroll, and operational risks. The script uses concrete numeric examples (e.g., sample premiums, limits, deductibles, and a sample claims-driven premium increase) to help learners explain premium differences to clients and offer practical advising tips.
Questions this document answers
About $500 annually.
About $5,000 or more annually.
20–30% premium increase.
$1,000,000 versus $500,000 each-occurrence limits.
$1,000 deductible → $750 annually; $5,000 deductible → $600 annually.