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Average Small Business Insurance Costs By State

By Licensed Agent Sa El

Edited & Expert Reviewed by Sa El

Updated: September 23, 2023

With the national average quote for small business insurance being around $65 per month, there really isn't any excuse to go without coverage.

small business insurance costs

Business owners across America are starting to realize how expensive it can be to go without small business insurance.

The good news is that we have included links to all state-specific insurance reviews for small businesses in America for 2024.!

Average Small Business Insurance Costs By Policy Type

Type Of Policy

Average Annual Cost

General Liability

$780

Business Owner's Policy (BOP)

$1,188

Professional Liability (E&O)

$1,164

$1,332

Commercial Umbrealla Policy

$1,548

Average Cost Of Small Business Insurance By State

STATE

AVERAGE ANNUAL PREMIUM

STATE

AVERAGE ANNUAL PREMIUM

$564

Montana

$0

$0

Nebraska

$0

$0

Nevada

$0

Arkansas

$0

New Hampshire

$0

California

$0

New Jersey

$0

$0

New Mexico

$0

Connecticut

$0

New York

$0

$0

North Carolina

$0

District Of Columbia

$0

North Dakota

$0

$0

Ohio

$0

Georgia

$0

$0

$0

$0

Idaho

$0

Pennsylvania

$0

$0

Rhode Island

$0

$0

$0

Iowa

$0

South Dakota

$0

Kansas

$0

Tennessee

$0

Kentucky

$0

$708

Louisiana

$0

$0

$0

Vermont

$0

$0

$0

$0

Washington

$0

$0

West Virginia

$0

Minnesota

$0

$0

Mississippi

$0

Wyoming

$0

Missouri

$0




EXPERT EDITOR & REVIEWER

Sa El

Licensed & Certified Insurance Agent

Sa El is the Founder of Simply Insurance and a licensed Insurance Agent with over 15 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.