How much is insurance for a small business

Small business insurance is crucial for protecting your company’s assets. The cost varies based on several factors.
Averages around $301 monthly.

Factors Influencing Insurance Costs

• Industry: High-risk industries pay more.
• Number of Employees: More employees increase risk.
• Revenue: Higher revenue often means higher premiums.
• Claims History: Past claims increase costs.
• Coverage Types: More comprehensive coverage costs more.
• Policy Limits and Deductibles: Higher limits and lower deductibles raise premiums.

Cost by Policy Type

General Liability Insurance

Covers bodily injuryproperty damage, and legal fees. Essential for most businesses. Costs between $300-$600 yearly

Getting the Best Rates

Shop around and compare quotes from multiple insurers to find the best coverage at the most competitive price.
Prevent loss.

Understanding these factors helps you estimate your insurance costs and find the right coverage.