Small business insurance
The cost of small business liability insurance primarily depends on which policies you buy. The most common policy, general liability insurance, has an average cost of $28 per month.
If you’re a consultant, you should look at general liability insurance as it costs about $30 per month and covers common business risks. It is often required by state law, clients, or landlords, and covers unexpected costs that could threaten what you’ve worked so hard to build.
Business liability insurance is any type of commercial insurance that defends against accusations that your business caused damage, injury, or loss. It's recommended for all small businesses because of the high cost of lawsuits.
Commercial insurance protects against lawsuits, fires, cyberattacks, and other risks that could devastate your tech company. Learn how it works and when your business might need it.
Once you’ve registered as a limited liability company (LLC), your personal assets are protected against the risks of running a business. The next step is to make sure you have the right insurance coverage for your tech company.
Buying or renting an office is a big step for a small tech company – so you’ll want to make sure to protect your investment with office insurance. While commercial property insurance pays for damage to your building and belongings, you’ll likely need other policies as well.