WebbProduct Liability. <5%. $35,000. According to The Hartford’s data, the average cost of a general liability claim that turns into a lawsuit is $75,000—and that doesn’t take into account the cost of time spent away from your business. Even a small claim can cost from $2,000 to $5,000 in settlement or defense costs—whether the claim is ... WebbIf you own a small business in the Silver State, this information will help you understand Nevada Commercial Liability insurance and protect your business and your personal assets from legal claims and settlements that can spell financial ruin. Having sufficient general liability insurance is an important part of any small business plan in Nevada.
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