How much is business insurance per month?

Many business owners ask: “How much does business insurance cost per month?” The answer depends heavily on your industry, coverage types, business size, location and risk factors. By reviewing typical monthly premiums and what drives the rate, you can better budget for the protection your business needs.

🟩 Quick Definition 

Business insurance monthly cost is the typical premium a business pays each month for key coverages like general liability or a business owner’s policy — and can range from a few dozen to several hundred dollars depending on risk and coverage.

Typical Monthly Premium Ranges

• For basic coverage like general liability for a small business: roughly $25-$115/month.

• A Business Owner’s Policy (BOP) which bundles general liability + property may cost around $40-$115/month for many small-risk businesses.

• More comprehensive or industry-specific coverages (e.g., cyber, professional liability) can cost $100-$250+ per month.

• High-risk businesses, large revenue, extensive assets or multiple coverages may see premiums much higher than this benchmark.

What Factors Determine Your Monthly Cost

1. Industry & Risk Level – More hazardous sectors (construction, manufacturing) pay higher premiums than low-risk service businesses.

2. Business Size / Revenue / Payroll – Larger businesses with more employees or higher revenue have higher exposure and thus higher premiums.

3. Coverage Type & Limits – Higher coverage amounts, lower deductibles and more inclusive policies cost more per month.

4. Location & Claims History – Operating in regions with higher litigation, theft or damage claims raises your premium; a history of claims increases risk rating.

5. Business Property or Owned Assets – If you own significant property, equipment or inventory, property-based cover increases cost.

6. Number of Coverages – Adding multiple types (liability, property, cyber, workers’ compensation) stacks up monthly cost.

How to Estimate Your Monthly Premium

• Start with the range: $25-$115/month for basic liability cover in low-risk scenarios.

• If you have property or need a BOP: assume $40-$115+/month for moderate coverage.

• If you need broader cover: plan for $100-$250+ per month depending on your operations and assets.

• Get actual quotes from insurers with your business details (industry, size, location, assets) to find your exact cost.

FAQs

Q1. Why do some businesses pay only $25/month and others hundreds?
Because risk, coverage type, business size, and limits differ widely. A solo consultant has far less exposure than a construction firm.

Q2. Can I lower my monthly business insurance cost?
Yes — by increasing deductibles, reducing unneeded coverage, bundling policies, maintaining a clean claims history, and improving risk controls.

Q3. Do I need multiple policies to be fully protected?
Often yes — general liability covers common claims, but you may also need property, cyber, professional liability or workers’ compensation depending on your business.

Q4. Is monthly cost the same as annual cost divided by 12?
Generally yes, though paying monthly may incur small financing fees; insurers may offer discounts for annual payment.

Q5. When should I review my business insurance cost?
Every year or whenever you expand operations, take on new risks, add employees or invest in significant assets.

Final Thoughts

Monthly business insurance costs vary widely, but a good starting estimate is $25-$115/month for basic liability in lower-risk businesses. As your coverage needs, assets or risk grow, you may spend $100-$250+ per month. Use your business details to obtain quotes and tailor your coverage so you’re protected — without overpaying.

Ready to find your exact business insurance monthly rate? Fill out the form below to receive personalized quotes from our network of carriers — compare cover, cost and choose the best match for your business.