Business Insurance costs, by state and province

Typical costs for business insurance per month. Industry risk and coverage limits affect premium. Open a market below for a local estimate.

Business insurance costs typically range from $500 to $3,000 per year for a small business general liability policy. Property insurance adds $500-$2,000, and workers' comp varies by payroll. Factors like industry risk, revenue, and location heavily influence premiums.

Key Coverage Types and Their Costs

General liability for a low-risk office might cost $500-$1,000 annually, while a construction business could pay $2,000-$4,000. Commercial property insurance averages $1,000-$3,000 per year for small offices.

Factors That Determine Your Premium

Industry classification, annual revenue, number of employees, and claims history all affect pricing. A restaurant with liquor sales may pay $2,500-$5,000 for general liability, while a consulting firm might pay $600-$1,200.

How to Reduce Insurance Costs

Bundling policies with one carrier can save 10-20% on premiums. Raising deductibles from $500 to $1,000 may reduce annual costs by $200-$500. Implementing safety training can also lower workers' comp rates.

Typical Business Insurance prices
ItemTypical range
Annual premium (small business)$500 - $3,000
General liability per $1M coverage$400 - $1,200
Workers' comp per $100 payroll$0.75 - $2.50
Professional liability (errors & omissions)$1,000 - $3,000

Every market for business insurance costs

383 markets have a page, each with a typical range where we have one and plain guidance on what moves the price.

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