The combination of property damage and liability coverage that most small businesses need is called a Business Owner’s Policy (BOP).

The average cost of a BOP premium is $500-$3,000 per year.

However, the specific amount you’ll pay will depend on a number of factors, including the size and location of your business, your industry, and your claims history.

Small Business Insurance premiums are determined by a number of factors, such as the size and location of your business, your industry, your claims history, and more. We’ve put together some ranges to give you a ballpark estimate of what you can expect to pay for small business insurance.

As a small business owner, you know that protecting your business is important. After all, your business is your livelihood. You’ve worked hard to get where you are, and you want to do everything you can to safeguard your success. That’s why carrying the right insurance is so important. 

If you have employees, you’ll also need to carry workers’ compensation insurance. Workers’ comp protects your employees if they’re injured or sickened while on the job. In most states, this insurance is mandatory if you have employees. The cost of workers’ compensation insurance depends on the number of employees you have and the kind of work they do. Generally speaking, though, you can expect to pay $500-$2,000 per year for this coverage.

The cost of small business insurance varies depending on a number of factors. However, most small businesses can expect to pay $500-$5,000 per year for the coverage they need. While this may seem like a lot, keep in mind that this is just a small price to pay to protect your business from potentially devastating financial losses.