THESE ARE AVERAGE PRICES TO BASE SALES OFF. DEPENDING ON WHAT KIND OF RISK THE CUSTOMER HAS WE WILL INCREASE OR DECREASE COST. PLEASE LOOK AT THE QUESTIONS TO ASK WHEN INCREASING OR DECREASING COSTS. (Many of these insurances are mandatory by law and some are just necessary for a business to function with a peace of mind.)

 

1) General liability insurance: This policy protects your business from another person or business's 

claims of bodily injury, associated medical costs and damage to property. (Some people buy other 

business liability insurance along with general liability)

 

Covers 30 employees, $125 for additional employees

Slight Risk: $3,800/year 

High Risk: $4,400/year

(Bundled options)

Slight Risk: $2,000/year

High Risk: $2,500/year

 

 

 

 

 

Additional to General Liability Insurance:

 

A. Umbrella Insurance: Is extra Liability insurance. It is designed to help protect you from 

major claims and lawsuit and, as a result, it helps protect your assets and your future. It does this 

in two ways; it provides additional liability coverage above the limits of the current policies such 

as homeowners, auto, and etc.

 

Starting at $380/year and increasing for 1-2 million dollars for coverage

 

 

 

 

 

B. Professional Liability: This policy covers Veterinarians, accountants, funeral directors, 

consultants and other professional’s coverage against negligence, errors, and omissions and 

malpractice. Protects you in the event that a client is harmed from a service or advice that you 

provided for which you are legally liable.

 

Slight Risk: 480/year

High Risk: 960/year

(Bundled options)

Slight Risk: 400/year

High Risk: 800/year

 

 

 

 

 

C. Product Liability Insurance: This service is available to small businesses that make or 

manufacture goods that are sold to the public. It offers protection in the case a consumer 

becomes injured from using your product. The cost of insurance will depend on your industry.

 

$1,200/year

(Bundled options)

$1,000/year

 

 

 

 

 

2) Business commercial property insurance can protect your business from a minor hiccup to a 

major financial loss. Whether you own your building, lease your workspace or work at home, business 

property insurance protects your business’ physical assets.

 

$6,000/year

(Bundled options)

$5,000/year

 

 

 

 

 

3) Worker’s compensation Insurance is an insurance policy that covers medical care, lost income 

and rehabilitation costs for employees who are injured on the job. 

 

Covers 30 employees, $125 for additional employees

Slight Risk: $2,000/year

High Risk: $2,500/year

(Bundled options)

Slight Risk: $1,500/year

High Risk: $2,000/year

 

 

 

 

 

4) Health insurance is a type of insurance coverage that pays for medical and surgical expenses that 

are incurred by the insured.

 

Company: $3,000 15 employees

Additional $750 over the 15 employee limit

(Bundled options)

Company: $2,000/year

Additional $550 over the 15 employee limit

 

 

 

 

 

5) Disability Insurance: This policy covers the business owner when an individual comes to harm and 

has become disabled for a long period of time, and, as a result, can no longer work during that time 

period.

Covers up to 30 employees

Female: $1,200/year

Male: $1,320/year

(Bundled options)

Covers up to 30 employees

Female: $1,000/year

Male: $1,100/year

 

 

 

 

 

6) Commercial Vehicle Insurance: This policy covers physical damage and liability coverages for 

amounts, situations, and usage not covered by a personal auto policy.

 

Companies under 15 employees; $3,600/year, Over 15: $6,000/year

(Bundled options)

Companies under 15 employees: $3,000/year, Over 15: $5,000/year

 

 

 

 

 

7) Business Interruptions Insurance: This type of Insurance covers the loss of income that a 

business suffers after a disaster. The income loss covered may be due to the disaster-related closing of the 

business facility or due to the rebuilding process after a disaster.

 

Slight Risk: $1,725/month

High Risk: $1,900/month

 

 

 

 

 

8) Business Crime Insurance: This policy is bought to ensure protection from losses resulting from 

a business-related crime. Protection can cover merchandise, money or other property loss when a 

company is victimized by someone perpetrating embezzlement, forgery, robbery, securities theft or 

another form of business-related crime.

 

$6,000/year

(Bundled options)

$5,000/year

 

 

 

 

 

9) Travel insurance: is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country.

 

Company (6+ people): $300/trip