The cost depends on your industry, payroll, revenue, and risk level.
For many small businesses:
- General liability insurance typically costs $20 to $40 per month, or about $250 to $500 per year.
- A Business Owner’s Policy (BOP) often starts around $40 per month.
- Workers’ compensation insurance varies based on payroll and job classification.
Higher-risk industries such as construction, medical services, and skilled trades usually pay more. However, most small businesses find coverage affordable compared to the cost of a single lawsuit.
