Estimate your monthly and annual business insurance premiums instantly. No signup required. Results are estimates only, not quotes.
Higher-risk industries (construction, healthcare) typically have higher premiums.
Workers' comp premiums scale directly with payroll and headcount.
Revenue affects general liability and BOP (Business Owner's Policy) rates.
State regulations significantly impact workers' comp and liability rates.
BOP bundles general liability and commercial property. Select all that apply.
Claims history can raise premiums by 15 to 35% or more.
These are rough estimates based on industry averages and are not insurance quotes. Actual premiums vary by insurer, location, and underwriting criteria.
Typical range:
General Liability: Estimated using a base rate per $1,000 of revenue, adjusted by industry risk class (construction carries roughly 3x the base rate of professional services), state cost index, and claims history modifier.
Workers' Compensation: Calculated using a rate-per-employee model, multiplied by an industry hazard factor. Manual labor industries (construction, manufacturing) carry far higher per-employee costs than office-based businesses.
Business Owner's Policy (BOP): Estimated as a combined property and liability package. The base rate is derived from annual revenue and industry, then adjusted for location cost and claims history. BOP is generally only available to businesses under $5M in revenue.
Claims modifier: A multiplier applied to all coverages (1.0x for no claims, up to 1.35x for 2 or more claims in 3 years) to reflect real-world underwriting surcharges.
All formulas use published industry benchmark data from NAIC, NCCI, and insurance market surveys. Results are estimates only and do not constitute a binding quote or offer of insurance.
Most small businesses pay between $400 and $1,500 per year for a basic $1M/$2M general liability policy. Low-risk industries like consulting or freelancing often fall toward the lower end, while construction or food service businesses typically pay more due to higher exposure to third-party injuries and property damage claims.
In most states, sole proprietors are not required to carry workers' comp for themselves, though some states mandate it even for solo operators in certain industries like construction. If you hire even one part-time employee, most states require you to carry workers' compensation immediately. Check your specific state's requirements with your state's department of labor or a licensed broker.
For most small businesses, a BOP is more cost-effective because insurers bundle general liability and commercial property coverage at a discount compared to purchasing each separately. BOPs are typically available to businesses with fewer than 100 employees and under $5M in annual revenue. Larger or higher-risk operations may need standalone commercial policies tailored to their specific exposures.
This tool provides estimates for informational purposes only and does not constitute insurance advice, a quote, or a contract. Consult a licensed insurance professional for accurate coverage and pricing.