Business Insurance Calculator
General liability + commercial property estimate by industry.
Estimated annual business insurance
$3,610
Add Professional Liability (E&O) for advice-based businesses, Cyber for any data handling. BOPs bundle GL + property at 10-15% discount.
Small business owners often guess at insurance — buying too little and risking a claim that sinks the company, or overpaying for coverage they don’t need. This calculator estimates the two foundations of most small-business protection: general liability and commercial property.
It sizes coverage to your industry and scale, so you can budget realistically and know roughly what a BOP (business owner’s policy) should cost before you talk to a broker.
How this calculator works
The calculator estimates general liability needs from your industry’s risk level and revenue, and commercial property from the value of your equipment, inventory, and space. Many small businesses bundle both into a Business Owner’s Policy (BOP) at a lower combined cost. It flags when you may also need professional liability, workers’ comp, or cyber coverage.
What affects the number
- Industry and risk profile (a contractor faces different exposure than a consultant)
- Annual revenue and number of employees
- Value of business property — equipment, inventory, and tenant improvements
- Whether you need professional liability (E&O), workers’ comp, or cyber coverage
- Client or lease requirements that dictate minimum coverage limits
Frequently asked questions
How much business insurance do I need?
Most small businesses start with $1M general liability and property coverage matching their equipment/inventory value, often bundled into a BOP. Higher-risk industries and contracts may require more. The calculator gives a starting estimate by industry and size.
What is a Business Owner’s Policy (BOP)?
A BOP bundles general liability and commercial property into one package, usually cheaper than buying them separately. It’s the common starting point for small, lower-risk businesses; you add professional liability, workers’ comp, or cyber as needed.
Do I need business insurance for a home-based business?
Often yes. Homeowners and renters policies usually exclude or sharply limit business activity, equipment, and liability. A small BOP or a home-business endorsement closes that gap.
This calculator provides general estimates for educational purposes only and is not insurance advice or a quote. Your actual rates and coverage needs depend on your specific situation and insurer.