How much does small business insurance cost?

Small business owners can get a good idea of the cost of business insurance by looking at pricing data from the thousands of businesses that found policies with Insureon.


Estimated small business insurance costs

The first policy that most business owners need – and also the least expensive one – is general liability insurance. In an analysis of 28,000 small business owners' commercial insurance policies purchased through Insureon, the median cost of a general liability policy was $42 per month or $500 per year.

The median cost of a business owner's policy (BOP), which bundles general liability insurance with business property coverage at a discount, was $53 per month or $636 annually.

The table below shows median and average monthly costs for common small business insurance policies. The median better represents what you are likely to pay when talking about insurance costs because it excludes extremely high and low premiums.

Median and average monthly costs of small business insurance

PolicyMedian costAverage cost
General liability$42/month$65/month
Business owner's policy (BOP)$53/month$99/month
Professional liability (E&O)$59/month$97/month
Workers' compensation$47/month$111/month
Commercial umbrella$75/month$129/month


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