Business Insurance Cost Calculator

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.

The estimate is deliberately simple. General liability, property and E&O premiums are a share of annual revenue that depends on the business type (0.3%, 0.2% and 0.1% for a retail shop), and workers' compensation is what employers in that industry pay per full-time employee according to the Bureau of Labor Statistics (June 2026): about $750 a year for an office, $1,120 for retail (from the wider trade, transportation and utilities group), $560 for a restaurant and $2,290 for construction. The result is a single planning figure, not a quote: insurers also price on location, claims history, payroll by job class and the limits you choose, none of which this tool asks for.

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.