Business Insurance Premium Estimator
Estimate total annual business insurance costs based on your business profile.
Formula
General Liability = Revenue x Risk Rate. Workers Comp = Payroll x WC Rate. Property Insurance = Property Value x 1.5%. BOP Bundle = (GL + Property) x 0.9 + Workers Comp + Professional Liability.
Frequently Asked Questions
What insurance does a small business need?
Most small businesses need general liability insurance at minimum. Depending on your industry, you may also need professional liability (E&O), workers compensation (required if you have employees), commercial property, commercial auto, and cyber liability insurance.
What is a Business Owner's Policy (BOP)?
A BOP bundles general liability and commercial property insurance at a discount (typically 10-15% savings). Most insurers offer BOPs for small businesses with fewer than 100 employees and under $5 million in revenue.
You may also need
$
Small Business Tax Estimator
Estimate your small business tax liability by entity type including sole proprietorship, LLC, S-Corp, and C-Corp.
Finance$
LLC vs S-Corp Tax Comparison Calculator
Compare the tax implications of operating as an LLC vs S-Corporation to find the optimal structure for your business income level.
Finance$
Food Truck Startup & Operating Cost Calculator
Estimate the total startup costs and monthly operating expenses for a food truck business including vehicle, equipment, licenses, and food costs.
Finance