Most business insurance projects cost between $500 and $3,000 per year, with a typical price near $1,200. Prices vary by state and city, so the range below is a planning guide rather than a quote.
Typical business insurance cost
$500 – $3,000
per year · typical $1,200
A general planning range, not a quotation.
Business insurance cost breakdown
- General liability only$400 – $1,500typical $800
- General liability + property$800 – $2,500typical $1,500
- Full package (BOP)$1,000 – $4,000typical $2,000
What Business Insurance costs
Annual premium for a small business general liability policy. Cost varies by industry, revenue, and coverage limits. Includes legal defense and claims. Higher risk businesses pay more.
Costs by state
- Alabama
- Alaska
- Alberta
- Arizona
- Arkansas
- British Columbia
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Manitoba
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Brunswick
- New Hampshire
- New Jersey
- New Mexico
- New York
- Newfoundland and Labrador
- North Carolina
- North Dakota
- Northwest Territories
- Nova Scotia
- Nunavut
- Ohio
- Oklahoma
- Ontario
- Oregon
- Pennsylvania
- Prince Edward Island
- Quebec
- Rhode Island
- Saskatchewan
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Yukon
Frequently asked questions
What does general liability cover?
Bodily injury, property damage, and personal injury claims. It does not cover employee injuries.
How can I lower my premium?
Bundle policies, increase deductibles, and maintain a clean claims history. Safety training also helps.
Do I need insurance if I'm a sole proprietor?
Yes, many clients require it. It protects your personal assets from business claims.