Last updated: March 2026
How Much Does Business Insurance Cost?
Cost Breakdown by Type
| Type / Procedure | Without Insurance | With Insurance |
|---|---|---|
| Business Owner's Policy (BOP, monthly) | $0 – $0 | $50 – $200 |
| General Liability Only (monthly) | $0 – $0 | $30 – $100 |
| Commercial Property Insurance (monthly) | $0 – $0 | $50 – $250 |
| Professional Liability (monthly) | $0 – $0 | $50 – $300 |
What Affects the Cost
- Your age, location, and health status
- Coverage level and deductible chosen
- Provider or carrier
- Claims history
- Credit score (for some insurance types)
- Discounts available (bundling, loyalty, safe driver, etc.)
Insurance Coverage
Typical coverage: Business insurance protects companies from financial losses due to property damage, liability claims, employee injuries, and lawsuits.
Insurance costs vary widely based on coverage level, location, age, and claims history. Shopping around and comparing quotes is the single most effective way to save money on insurance premiums.
How to Save Money
- Compare quotes from at least 3-5 providers
- Bundle policies (home + auto) for 10-25% discounts
- Choose higher deductibles for lower monthly premiums
- Ask about all available discounts
- Review coverage annually during open enrollment
- Consider employer-sponsored plans which subsidize 50-80% of premiums
Related Procedures & Costs
Frequently Asked Questions
A basic business owner's policy costs $50 to $200 per month for small businesses. Costs vary widely based on industry, revenue, employees, and coverage needs.
Most businesses need general liability, property insurance, and workers' compensation. A BOP bundles general liability and property at a discount.
Workers' compensation is required in nearly all states if you have employees. Other coverage may be required by contracts, landlords, or licensing requirements.