Business Insurance Cost Calculator
Estimate GL, property, WC, and E&O premiums by business type and size.
By Konstantin Iakovlev · Updated April 2026 · Source: SBA — Business Guide
Total Annual
$10,500.00
Monthly
$875.00
Estimated Premiums
| General Liability | $1,500.00 |
| Property | $1,000.00 |
| Workers' Compensation | $7,500.00 |
| E&O / Professional | $500.00 |
| Total Annual | $10,500.00 |
Use the Business Insurance Cost Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
Estimating what business insurance will cost is the first step in budgeting for the coverage that shields your assets and operations from the risks you cannot see coming. This calculator gives you a working figure for the premiums across the main policy types, so you can plan around the financial commitment instead of being surprised by it.
Behind the estimate is a weighted average model that pulls together the factors insurers actually price on: your industry's risk profile, headcount, revenue, claims history, and the coverage limits you want. It compares those inputs against typical market rates for each policy type, from general liability to commercial property to workers' compensation, and returns an estimated cost range rather than a single hard number.
The biggest pricing pitfall is underestimating what your assets are worth or how large a liability claim could get, which leaves you underinsured exactly when it counts. The opposite extreme bites too: pile on more coverage than you need and you are simply paying for protection that sits idle. The goal is to map your premiums to your business's actual exposure, no more and no less.
Example: Small Retail Shop Insurance Estimate
- 1 Input: Industry = Retail, Employees = 5, Annual Revenue = $500,000, Desired General Liability = $1,000,000, Commercial Property (inventory & fixtures) = $150,000.
- 2 Calculation: The system identifies 'Retail' as a medium-risk industry. It then applies a base premium for General Liability based on revenue and coverage, and a separate premium for Commercial Property based on asset value. These are combined and adjusted based on the number of employees.
- 3 Result: Estimated annual business insurance cost range: $1,800 - $3,200.
- 4 Takeaway: This estimate provides a strong starting point for budgeting and allows the retail shop owner to compare quotes from different insurance providers while ensuring adequate protection for their business.
Source: SBA — Business Guide · Last updated: April 2026
Frequently Asked Questions
What types of business insurance do I need?
How much does general liability insurance cost for a small business?
Is workers compensation insurance required?
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