Average Small Business Insurance Costs By State

by Sa El

April 27, 2024

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

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

Worker's Compensation

$1,332

Commercial Umbrealla Policy

$1,548

Average Cost Of Small Business Insurance By State

STATE

AVERAGE ANNUAL PREMIUM

STATE

AVERAGE ANNUAL PREMIUM

Alabama

$564

Montana

$0

Alaska

$0

Nebraska

$0

Arizona

$0

Nevada

$0

Arkansas

$0

New Hampshire

$0

California

$0

New Jersey

$0

Colorado

$0

New Mexico

$0

Connecticut

$0

New York

$0

Delaware

$0

North Carolina

$0

District Of Columbia

$0

North Dakota

$0

Florida

$0

Ohio

$0

Georgia

$0

Oklahoma

$0

Hawaii

$0

Oregon

$0

Idaho

$0

Pennsylvania

$0

Illinois

$0

Rhode Island

$0

Indiana

$0

South Carolina

$0

Iowa

$0

South Dakota

$0

Kansas

$0

Tennessee

$0

Kentucky

$0

Texas

$708

Louisiana

$0

Utah

$0

Maine

$0

Vermont

$0

Maryland

$0

Virginia

$0

Massachusetts

$0

Washington

$0

Michigan

$0

West Virginia

$0

Minnesota

$0

Wisconsin

$0

Mississippi

$0

Wyoming

$0

Missouri

$0

 

 

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About the author 

Sa El