Business Insurance: Compare, Assess & Get Covered

Most businesses need at minimum General Liability (GL) coverage. Beyond that, the right mix depends on your industry, whether you have employees (Workers Comp is required in most states), whether you provide professional services (E&O), and whether you handle customer data (Cyber). Use the Coverage Needs Assessment tool above to get a personalized recommendation for your situation.

It varies significantly by coverage type, industry, revenue, and location. General Liability for a solo service business can start around $22–$45/month. A BOP (Business Owner's Policy, combining GL + property) typically runs $40–$150/month for small businesses. Workers Comp, Commercial Auto, and Cyber policies add to this. Use our Premium Estimator for ranges specific to your business profile.

A Business Owner's Policy bundles General Liability and Commercial Property insurance into a single policy, usually at a lower cost than buying them separately. BOPs are designed for small to medium businesses and are a common starting point for coverage. Not all businesses qualify — insurers typically require annual revenue and employee count to fall within certain thresholds.

Workers Compensation is legally required in most US states if you have employees. Commercial Auto is required if you own or operate vehicles for business purposes. General Liability is not federally mandated but is often required by clients, landlords, or contracts. Beyond legal requirements, having coverage is essential to protect your business from catastrophic loss.

Yes — digital insurers like Next Insurance, Hiscox, and biBERK offer same-day or near-instant coverage for General Liability and BOPs for many business types. You can often get a certificate of insurance (COI) within minutes of binding coverage online. More complex policies like D&O, Cyber for larger businesses, or Workers Comp in some states may take longer to underwrite.