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What is a GL rate?

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What is a GL rate?

I'd like to ask this question from g l insurance

I got this question in exam.

Other related questions to my question are:

How is GL rate calculated?

What is an A rate in insurance?

What is a GL exposure?

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The correct answer is: Rates for general liability and other lines of coverage are typically priced by percentage of a business factor. For most businesses, GL insurance rates are priced per $1,000 in gross sales or revenue. For many contracting companies, it is priced per every $1000 in payroll.

The title of my answer is How Much Does General Liability Insurance Cost?

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