Cost Of Small Business Insurance
The extent of your small business insurance coverage will depend on your company’s specific needs. For example, a sole proprietor may not need coverage for workers' compensation, while a business owner with a storefront and multiple employees will.
The average cost of small business insurance is about $440 to $800 per year or $42 to $67 per month — but as you can assume, purchasing more coverage will make you incur additional costs.
For example, you might invest in a business owner’s policy that costs $99 per month and add general liability coverage that runs you another $50 or $60 per month.