Market Insights

How much does small business insurance cost?

The cost of small business insurance varies depending on the company’s size, industry and long-term plans.

By Jeff Duncan | March 06, 2023 at 12:11 AM

The type of industry your business is in, where it operates, the size and annual revenues will affect what a company pays for insurance. (Photo: fizkes/Shutterstock.com)

Making an investment in small business insurance is a key way to safeguard your company and employees from potential risks, damages and threats. Investing in insurance can be worth the expense, but many small business owners wonder how much commercial insurance might cost and if they can afford it – especially if it’s their first time looking into the matter.

Here’s an overview of what you should anticipate and budget for when choosing small business insurance.

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