Most small businesses pay ,000 to ,000 a year for general liability, property, and workers’ comp combined, depending on industry, revenue, and payroll.
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Ballpark every policy before you call a broker.
Ballpark your total annual premium by industry, revenue, and staff count.
Work it out →Estimate GL premiums for your specific trade and business size.
Work it out →Workers' comp premium calculated from payroll and your NCCI class code rate.
Work it out →Bundle GL and property, then see the combined BOP price.
Work it out →Free commercial auto insurance cost calculator. Estimate your annual fleet premium by vehicle count, use type, coverage limit, and state.
Work it out →Free professional liability (E&O) insurance cost calculator. Estimate your errors and omissions premium by profession, annual revenue, and coverag
Work it out →Free commercial property insurance cost calculator. Estimate your annual premium by building value, contents, construction type, and state.
Work it out →Free cyber liability insurance cost calculator. Estimate your annual premium by industry, revenue, records stored, and coverage limit.
Work it out →Free EPLI cost calculator. Estimate your employment practices liability insurance premium by employee count, revenue, coverage limit, and state.
Work it out →Insurance quotes arrive as a number with no math attached. These tools use the same inputs underwriters use: industry risk, revenue, payroll, and headcount. Run the numbers a few weeks before your renewal date, not the day the notice lands, so you still have time to shop it.
U.S. government sources for further reading and to verify figures on this page:
A $1 million general liability policy for a small business runs $400 to $1,500 per year, about $40 to $130 per month. The range is wide because underwriters care a lot about what you do. A consultant and a roofer are not the same risk. Get quotes from at least three carriers or work with a licensed commercial broker to find an accurate rate for your business.
Yes. An LLC limits your personal liability for business debts, but it does not stop someone from suing your business for a slip-and-fall or a damaged property. General liability covers third-party injury and property damage claims. You may also need professional liability, commercial auto, or workers comp depending on your work. Many clients and landlords require proof of insurance before signing anything. A licensed commercial agent can sort out which policies your LLC actually needs.
A $20 million GL policy is typically a $1 million primary policy with a $19 million umbrella stacked on top. The umbrella layer usually adds $1,000 to $3,000 per year for most small businesses. That number climbs quickly for high-risk industries or larger revenues. A licensed commercial broker can combine both layers into a single quote.
A $1 million 20-year term policy for a healthy 35-year-old runs about $40 to $60 per month. That rate climbs with age and any health conditions, and it climbs fast after 50. Note that this is personal life insurance, separate from business coverage, though owners sometimes use it for key-person or buy-sell arrangements. Compare at least three carriers before you buy.