What insurance does a small business need?

Most small businesses start with general liability insurance, which covers customer injuries and property damage claims. If you have employees, workers' compensation is required in almost every state. Service businesses often add professional liability (E&O), and a business owner's policy (BOP) bundles liability with commercial property at a discount.

How much does small business insurance cost?

General liability typically costs $40-$80 per month for a small, low-risk business. A business owner's policy averages $60-$120 per month, while workers' comp depends on payroll and industry risk — office workers may cost under $1 per $100 of payroll, while construction trades can exceed $10.

Business Insurance

Business insurance guides — general liability, workers' comp, professional liability and small business insurance costs.

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