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Business insurance protects against liability, property damage, and business interruption. General liability ($1 million coverage) costs $300-$1,500 annually depending on industry. Property insurance covering equipment and inventory costs $500-$5,000 annually. Business interruption insurance protects revenue during closures. Cost structure varies by industry, size, and risk profile.
General liability ($1M): $300-$1,500 annually. Property insurance: $500-$5,000 annually. Professional liability: $500-$3,000 annually. Business interruption: $500-$2,000 annually. Workers compensation: varies by payroll (see separate calculator).
Business type/industry affects risk classification. Revenue size affects premium. Employees on payroll affect cost. Loss history affects rates. Safety practices affect premiums.
Business owners budgeting insurance use this calculator.
Bundling multiple coverages (liability, property, interruption) provides 15-25% discounts. Excellent safety records reduce premiums 10-20%. Higher deductibles reduce premiums. Annual review ensures adequate coverage.
This calculator provides typical estimates based on market data and regional variations.