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Ask Us about Tech Insurance!

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Since launching TechInsurance in 1997, we've received thousands of questions about insurance from the owners of technology startups and small tech businesses. As technology our customers use has evolved over the years, so have their questions, but many of the issues are just as relevant today as they were way back then.

How much does business insurance cost?

Sample small business insurance quotes by policy coverage

The average cost of business insurance for a small business varies widely depending on a number of factors, including:

  • Your industry
  • Where in the country your business operates
  • The number of employees you have
  • The business risks you face
  • The types of policies you choose to buy
  • The coverage limits you select

Before you make an insurance purchase decision, however, it's helpful to familiarize yourself with a range of business insurance costs so you have an idea of what to expect from a quote. The following examples of average business insurance quotes are meant as samples only, purely for illustration purposes, and are not recommendations. Keep in mind that your actual insurance costs could be wildly different, depending on the structure and location of your business.

When you're ready to receive a quote for your own business, fill out our online application and we'll send you free insurance quotes that you can compare at your leisure. In the meantime, feel free to browse the following pages to get an idea of what various types of business liability insurance policies typically cost.

How much does Commercial General Liability Insurance cost?

If you own a business, Commercial General Liability Insurance (also called General Liability Insurance) is the first kind of coverage you should consider. The cost of CGL Insurance depends largely on whether you're a sole proprietor, head of a well-established company, or something in between. See sample General Liability Insurance quotes

How much does Errors & Omissions Insurance (aka Professional Liability Insurance) cost?

Errors and Omissions Insurance (commonly called E&O Insurance) protects small-business owners from lawsuits alleging that their professional advice caused injury or financial damage. E&O coverage is particularly important for tech professionals, who often offer advice-based services and work with sensitive client data. See sample Errors & Omissions Insurance quotes.

How much does Umbrella Insurance cost?

Umbrella Insurance lets you extend the coverage limits on several of your existing business liability insurance policies at once. In most cases, buying a single Umbrella policy is more cost-effective than extending the limits on multiple policies individually. Typically sold in coverage units of $1 million, the cost of Umbrella Insurance can range significantly depending on the size of your business and the kind of work you do. See sample Umbrella Insurance quotes.

How much does Workers' Compensation Insurance cost?

In much of the country, Workers' Compensation Insurance is mandatory for any business with employees. This coverage protects business owners against costs associated with workplace illness and injuries. The cost of Workers' Comp coverage depends on the number of employees a business has, tax classification of those employees (W-2 vs. 1099), the type of work they're doing, and more. See sample Workers' Compensation Insurance quotes.

How much does a Fidelity Bond (aka Third-Party Employee Dishonesty Insurance) cost?

This type of insurance protects business owners against employee fraud or dishonesty that leads to loss or damage. The cost of a Fidelity Bond will depend in part on the type of information you and your employees handle. See sample Fidelity Bond quotes.

Get Liability Insurance Quotes for Your Business

Ready to find out how much business liability insurance will cost for your business? Fill out an online application (the process should take about 15 minutes), and one of our expert agents will send free insurance quotes to your email inbox. You can compare the costs of quotes at your leisure and choose a policy that makes sense for your coverage needs and your budget.

70% of businesses raise prices or cut hiring when sued