How much does small business insurance cost per month?

Most small businesses pay between $30–$80 per month for basic general liability. A comprehensive Business Owners Policy (BOP) runs $50–$150/month. Adding professional liability, workers' comp, and cyber liability brings a full package to $100–$300/month depending on industry and revenue.

Can I get small business insurance with no prior coverage history?

Yes. ERGO NEXT and other carriers write coverage for new businesses and those without prior insurance history. Expect to pay slightly higher rates if you've had claims or gaps in coverage.

What is a BOP and is it right for my small business?

A Business Owners Policy (BOP) combines general liability + commercial property insurance in one bundled policy at a discounted rate. It's ideal for small businesses with a physical location, equipment, or inventory to protect. If you're purely a service provider with no physical assets, a standalone GL policy may be sufficient.

How fast can I get a certificate of insurance for my small business?

With ERGO NEXT, you can complete the application, receive an instant quote, and download a Certificate of Insurance (COI) in under 15 minutes — 100% online, no broker call required.

How much does small business insurance cost per month?

Most small businesses pay between $30–$80 per month for basic general liability. A comprehensive Business Owners Policy (BOP) runs $50–$150/month. Adding professional liability, workers' comp, and cyber liability brings a full package to $100–$300/month depending on industry and revenue.

Can I get small business insurance with no prior coverage history?

Yes. ERGO NEXT and other carriers write coverage for new businesses and those without prior insurance history. Expect to pay slightly higher rates if you've had claims or gaps in coverage.

What is a BOP and is it right for my small business?

A Business Owners Policy (BOP) combines general liability + commercial property insurance in one bundled policy at a discounted rate. It's ideal for small businesses with a physical location, equipment, or inventory to protect. If you're purely a service provider with no physical assets, a standalone GL policy may be sufficient.

How fast can I get a certificate of insurance for my small business?

With ERGO NEXT, you can complete the application, receive an instant quote, and download a Certificate of Insurance (COI) in under 15 minutes — 100% online, no broker call required.

Business Size

Business Insurance for Small Businesses

Small business does not mean small risk. The right coverage protects what you've built — and keeps you in business when claims happen.

$30–$150/ monthMost small businesses pay $30–$80/month for basic GL. A BOP runs $50–$150/month. Add workers' comp, professional liability, and cyber for a comprehensive package at $100–$250/month.

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Coverage Types for Small Businesses

These are the key insurance policies most relevant to your business type — ranked by importance.

🛡️

General Liability

Required

The core coverage every small business needs. Covers bodily injury, property damage, and advertising injury claims from clients, customers, and third parties.

📦

Business Owners Policy (BOP)

Highly Recommended

Bundles GL + commercial property into one affordable policy. BOPs are purpose-built for small businesses and are typically 20–30% cheaper than buying coverages separately.

📋

Professional Liability (E&O)

Recommended

Essential for any small business that provides services, advice, or professional expertise. Covers claims that your work caused financial harm to a client.

👷

Workers' Compensation

Required

Required in most states the moment you hire your first employee. Covers medical costs and lost wages for work-related injuries — and protects you from employee lawsuits.

💻

Cyber Liability

Recommended

Small businesses are prime targets for phishing and ransomware attacks. Cyber coverage is no longer optional for any business storing customer data.

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100% online. No broker call required. Get covered and download your Certificate of Insurance in under 15 minutes.

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Backed by Munich Re. 750,000+ businesses insured. Get your certificate of insurance instantly.

🏆A+ AM Best Rated (Munich Re)🏢750,000+ Businesses Insured⚡Get a Quote in 10 Minutes📄Instant Certificate of Insurance🕐24/7 Online Policy Management

What You Need to Know

→Over 75% of small businesses in the U.S. are underinsured — meaning coverage limits are too low to cover a significant claim.
→A Business Owners Policy (BOP) is the most cost-effective solution for most small businesses with under $5M in annual revenue.
→Most commercial leases, client contracts, and vendor agreements require proof of GL insurance — without it, you cannot do business.
→Workers' compensation is mandatory in most states for any business with employees, including part-time workers.
→The average slip-and-fall claim costs $20,000–$100,000+ — well above what most small businesses can absorb.

What Does It Cost?

$30–$150per month

Most small businesses pay $30–$80/month for basic GL. A BOP runs $50–$150/month. Add workers' comp, professional liability, and cyber for a comprehensive package at $100–$250/month.

15 min

To get covered online

Broker fees

Instant

Certificate of insurance

Frequently Asked Questions

At minimum: general liability insurance. This covers you against the most common claims — bodily injury, property damage, and advertising injury. If you have employees, workers' compensation is also mandatory in most states. If you own commercial property or equipment, add commercial property coverage.

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