🏢 Business Insurance Calculator
Estimate commercial insurance costs including general liability, professional liability, workers comp, and property coverage.
Business Insurance Calculator FAQ
How much does business insurance cost?
Small businesses typically pay $500-$3,000/year for a Business Owner's Policy (BOP). Adding workers comp adds $1,000-$10,000+ depending on industry and payroll. Total costs range from $1,000-$20,000/year for most small businesses.
What insurance does a small business need?
At minimum: General Liability and Property (often bundled as a BOP). If you have employees: Workers Compensation (required by law in most states). Professional services should add Professional Liability (E&O). Consider Cyber Liability if you handle customer data.
What is a BOP (Business Owner's Policy)?
A BOP bundles General Liability + Commercial Property insurance at a discounted rate. It's the most common and cost-effective policy for small businesses. It does NOT include Workers Comp, Professional Liability, or Commercial Auto.
How can I reduce business insurance costs?
Bundle policies (BOP discount), implement safety programs, maintain a clean claims history, increase deductibles, shop multiple carriers annually, and work with an independent agent who can compare 5-10 carriers.