Small Business Insurance Calculator
Estimate commercial premiums across general liability, Business Owner’s Policies (BOP), commercial property, and professional liability across major industries.
Industry & Business Profile
* Commercial figures reflect median small-business rate filings. Final premiums vary based on specific payroll, claims history, and underwriting classifications.
Compare local insurance rates with vetted state-licensed carriers
Learn about our independent valuation standards →Commercial Coverage Breakdown
Tailor your business protection to your specific operating risks:
General Liability ($1M / $2M)
Foundational protection covering bodily injury, customer slip-and-fall incidents, property damage, and legal defense fees.
Commercial Property & Inland Marine
Protects company equipment, inventory, laptops, and specialized contractor tools whether in the office or on transit to job sites.
Professional Liability (E&O)
Essential for consultants, accountants, and IT agencies against claims of faulty advice, missed deadlines, or project omissions.
Cyber Liability & Data Breach
Covers customer notification costs, forensic investigations, and regulatory fines after ransomware or customer data compromise.
Tax Deductible Premiums
All commercial insurance premiums paid for general liability, property, and workers’ compensation are 100% tax-deductible as ordinary business expenses on IRS Form 1120, 1065, or Schedule C.
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Small Business Insurance Frequently Asked Questions
Clear, unbiased answers regarding insurance calculations, coverage factors, and rate dynamics.
How much does small business insurance cost per month?
A typical solo entrepreneur or small business pays between $35 and $75 per month ($400 to $900 annually) for standard General Liability coverage ($1M per occurrence / $2M aggregate). A full Business Owner’s Policy (BOP) bundling general liability and commercial property ranges from $55 to $130 per month depending on industry risk and revenue.
What is a Business Owner’s Policy (BOP)?
A BOP bundles three fundamental coverages into one discounted package: General Liability (protects against customer slip-and-fall injuries and property damage), Commercial Property (protects owned or leased buildings, office furniture, computers, and inventory), and Business Interruption (replaces operating income during covered physical disaster repairs).
What is the difference between General Liability and Professional Liability (E&O)?
General Liability covers physical accidents—someone slipping on a wet floor in your shop or you accidentally dropping a client’s laptop. Professional Liability (Errors & Omissions) covers financial losses arising from service mistakes, missed project deadlines, erroneous consulting advice, or contractual disputes.
Do I need Workers’ Compensation insurance if I have 1 employee?
In most US states, having even a single part-time or full-time W-2 employee legally mandates carrying Workers’ Compensation coverage to pay for work-related injury medical expenses and lost wages. Solo owners without employees are generally exempt from mandatory statutory requirements.
What is a Certificate of Insurance (COI)?
A Certificate of Insurance is an official one-page document issued by your commercial insurer confirming you carry active liability policies with specified coverage limits. Commercial landlords, clients, and general contractors routinely require a COI before signing contracts or granting access to job sites.