How much is small business insurance?

[Winter]

I’m trying to figure out how much is small business insurance for a new startup. What factors usually affect the cost—like industry, number of employees, or coverage type? If anyone can share typical price ranges or what they pay for their business, that would be really helpful.

 

[david]

The prices for small business insurance are very different; for instance, the most basic General Liability may cost around $40 a month while a bundling of Business Owner's Policy (BOP) may cost more than $100, however, on average they are about $50-$150 per month depending on the industry, the place, the size and the type of coverage, with payroll (for workers' compensation) and claims history being the main factors that heavily influence premiums.

 

[Elisa]

Small business insurance typically costs $40–$100 per month (or $500–$1,200 per year), depending on your business type, size, location, and coverage needed.

 

[Thaddeus]

The cost of small business insurance varies widely depending on your industry, coverage type, location, and business size, but on average, it ranges from $500 to $2,500 per year for basic general liability coverage. More comprehensive policies or higher-risk businesses can cost more.

 

[Olowricha]

Small business insurance pricing is quite different from one case to another. As a rule, a Business Owner's Policy (BOP) costs approximately $141 per month, and a General Liability insurance policy is normally somewhere between $42 and $68 monthly. The prices hugely depend on the risk of your industry (e.g. the construction industry is riskier than the consulting one), the place you are in, and how many employees you have.

 

[Jaxon]

Small business insurance typically costs between ₹1,000 to ₹5,000 per month in India, depending on business size, industry risk, coverage type, number of employees, and claim history. Policies can be customized to fit specific business needs and budgets.

 

[nikhilrajoria]

Small business insurance can cost roughly between 40 and 150 per month basing on the risks in the industry, the coverage requirements, size and location of the company.