How Much Is Commercial Insurance?

Obtenga una excelente cobertura en minutos
Solo debe hacer unos cuantos clics.

How Much Does Commercial Insurance Cost?

Our customers paid an average cost of $1,019 a year, or about $85 a month, for a Business Owner's Policy (BOP), which is a type of commercial insurance. Also known as business insurance, commercial insurance helps business owners protect their companies from different risks. It's important to remember that the price you pay for insurance varies depending on what your business needs.**
Insurance companies look at different factors when determining your company's commercial insurance cost, such as:
  • Policy details, like coverage types and limits
  • Lugar
  • Claims history
  • Number of employees
We're here to help you get the right coverage for your company. We're here to help you customize your commercial insurance policy, so it addresses your organization’s unique needs.

Average Commercial Insurance Costs for The Hartford Customers

a small business owner speaking with a customerThe average cost for commercial insurance from The Hartford was about $1,019 a year for a BOP. For a general liability insurance policy, our customers paid an average of $805 a year, or about $67 a month. For workers' compensation insurance, our customers paid an average of $1,028 a year, or about $86 a month.**
It's important not to compare your company's insurance cost to an average because your coverage needs may be different. So, your annual premium may be higher or lower than the average commercial insurance cost.
Your commercial insurance policy will likely include different types of coverage, which may increase your rate. For example, your company may need one of these common coverages:
The types of insurance you choose and your coverage amounts affect your policy cost. For example, if you have a higher policy limit, it can increase your general liability insurance cost o su errors and omissions cost. Certain traits about your company can also be a factor. For instance, your workers’ compensation cost will be higher if you have more employees and your commercial property insurance cost could increase based on what state your property is in.

Factors Impacting How Much Commercial Insurance Costs

Type of Business

If your business is in a higher risk industry, you can expect to pay more for commercial insurance. This is because your company is exposed to more risks, so you may need to have more liability coverage to help protect your organization.

Business Location

Companies in populated areas face a higher risk of crime or vandalism, which can increase their insurance rates.

Cantidad de empleados

Some commercial insurance coverages look at how many employees you have to determine your cost, such as workers’ compensation or general liability insurance. Typically, the larger your team, the higher your insurance cost will be.

How Much Coverage You Need

When you get commercial insurance, you’ll pick your coverage limits. All insurance policies will include an occurrence limit. Certain policies, like liability insurance, can include an aggregate limit.

What Are Aggregate and Occurrence Limits?

The occurrence limit tells you how much coverage you have for a single claim.
The aggregate limit is the maximum amount of money your insurer will pay out during the policy period. Most liability policies include an aggregate limit.
For example, your general liability policy coverage is “$1 million/$2 million aggregate.” This means you have coverage for up to $1 million for a single claim. But, the max your insurer will pay for policy period is $2 million. Generally, the higher your aggregate, the more you’ll pay for your policy.
For commercial property insurance, these policies generally only include an occurrence limit. This means that your property coverage limits will apply to each separate claim that may occur during a policy period.
For instance, your property coverage includes a $600,000 occurrence limit. You submit a claim for $200,000 after someone breaks into your business and damages your furniture and steals your equipment. Later in the year, a fire breaks out in your building and causes $450,000 in damages. Since your policy doesn’t have an aggregate limit, there’s not a policy period cap on how much your insurer covers. This means your insurer can help cover each of your claims because neither one exceeds your occurrence limit of $600,000.
How much coverage you need is specific to you. Your coverage needs will likely be different than other companies. That’s why it’s important to work with an experienced insurance company. We can help you figure out how much coverage you need and help you save money by avoiding paying for extra coverage you may not need.
Our team is ready to help, whether you’re early in your search and wondering, “What is commercial insurance coverage?” or ready to get a quote, we’re here for you.

Common Questions About Commercial Insurance Rates

How Much Does a $1 Million Commercial Insurance Policy Cost?

a small business owner researching commercial insurance ratesA $1 million commercial insurance policy cost depends on which coverages you have in your policy. It can cost between a few hundred dollars a year to a couple thousand dollars. Our specialists can help you find out how much is business insurance and any other questions you may have.

How Do You Calculate Commercial Insurance Rates?

Commercial insurance costs will often vary because each business is unique and has different needs. Our customers paid an average of $67 a month for general liability insurance and $86 a month for workers’ compensation insurance.1
Insurance companies use many different factors to determine costs, including:
  • Claims history
  • Lugar
  • Industria
  • Type of coverage
The best way to find out your commercial insurance cost is to get an online quote. You can also contact your local insurance agency to get a quote.

How Do I Get Commercial Insurance?

We make it easy for small business owners to get commercial insurance. Here are three ways you can get a commercial insurance policy from The Hartford:
  1. Obtenga una commercial insurance quote en línea
  2. Work with a local insurance agency or agent
  3. Llame al 855-829-1683 and speak with one of our specialists
Last Updated: December 4, 2023
1 Premium amounts presented are based on monthly premium paid by The Hartford's Small Business customers between 1/1/22 and 9/14/23 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.
** Survey based on policies without certain coverages, including building, technology errors and omissions, and umbrella. Adding these coverages, or any others, will affect policy cost.
Divulgaciones adicionales a continuación.
The Hartford no será responsable de ningún daño relacionado con el uso de la información proporcionada en esta página. Consulte con su agente/corredor de seguros o compañía de seguros para determinar las necesidades específicas de cobertura, ya que el contenido publicado aquí se ofrece con fines informativos solamente.
La información contenida en esta página no debe interpretarse como asesoramiento legal, de Recursos Humanos, financiero o de seguros específico, y no es una garantía de cobertura. En el caso de una pérdida o reclamación, las determinaciones de cobertura estarán sujetas al lenguaje de la póliza, y cualquier pago de reclamación posible se determinará luego de que se investigue la reclamación.
Ciertas coberturas varían según el estado y es posible que no estén disponibles para todas las empresas. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in the Aviso legal.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
* Los comentarios de los clientes son recolectados y tabulados por The Hartford y no representan a todos los clientes.