Business Insurance for Small + Mid-Sized Businesses (2026)
From one-person LLC to 50-person operation, we connect you with carriers and licensed commercial agents to build the right policy stack.
Updated May 21, 2026 · Methodology
| Business type | BOP | Workers' comp | Cyber liability |
|---|---|---|---|
| Consultant / agency | $48/mo | N/A solo | $32/mo |
| E-commerce shop | $72/mo | $48/mo | $58/mo |
| Retail storefront | $112/mo | $92/mo | $32/mo |
| Restaurant (50 seats) | $248/mo | $184/mo | $42/mo |
| Contractor (5 employees) | $182/mo | $224/mo | $32/mo |
| Healthcare practice | $284/mo | $148/mo | $72/mo |
- Business typeConsultant / agencyBOP$48/moWorkers' compN/A soloCyber liability$32/mo
- Business typeE-commerce shopBOP$72/moWorkers' comp$48/moCyber liability$58/mo
- Business typeRetail storefrontBOP$112/moWorkers' comp$92/moCyber liability$32/mo
- Business typeRestaurant (50 seats)BOP$248/moWorkers' comp$184/moCyber liability$42/mo
- Business typeContractor (5 employees)BOP$182/moWorkers' comp$224/moCyber liability$32/mo
- Business typeHealthcare practiceBOP$284/moWorkers' comp$148/moCyber liability$72/mo
The core lines most businesses need
Business Owners Policy (BOP)
Bundled policy combining general liability + commercial property. Default starting point for most small businesses with a physical location.
General liability
Bodily injury and property damage claims from third parties — customer slipping in your store, courier dropping a package on a client’s laptop. Required by many landlords and clients.
Professional liability (E&O)
For consultants, agencies, designers, and professional-services businesses. Claims arising from your professional advice or work product.
Workers’ compensation
Required by nearly every state once you have employees. Medical bills + lost wages for workplace injuries.
Cyber liability
For any business storing customer data — breach response, notification costs, regulatory fines, ransomware extortion.
Commercial property
Your building (if owned), business contents, inventory. Usually bundled in BOP for smaller businesses.
Commercial auto
See our commercial auto guide.
- BOP is the default starting point for small businesses — covers most exposures cheaply.
- Workers' comp is required by all states except Texas (which still recommends it).
- Cyber liability is non-negotiable for any business storing customer PII.
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Business insurance shopping process
- 1Business detail
Industry, revenue, employee count, location.
- 2Coverage stack
Determine which lines you need (BOP, WC, cyber).
- 3Agent quote
Commercial broker quotes across carriers (1–5 days).
- 4Compare
Side-by-side on price + coverage breadth.
- 5Bind
Most BOP policies bind same-week.
BOP vs. à la carte coverage
- Single policy = single bill, single agent, single claims process.
- Bundled discount vs. separate policies.
- Covers most small-business exposures in one package.
- Standard ISO form — well-understood, well-priced.
- Not flexible for unusual exposures (specialty industries).
- Property limits often inadequate for higher-value contents.
- Some endorsements unavailable (high-value cyber, specialty professional).
- Mid-size businesses outgrow BOP and need standalone policies.
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Frequently asked questions
I just started a small LLC. What do I need?
How long does business insurance take to bind?
Do I need cyber insurance if I only store emails?
What about workers' comp for solo founders?
Sources
- NAIC — Commercial Insurance Topics
- ISO — Commercial Lines Policy Forms
- SBA — Business Insurance Requirements
Methodology
Premium ranges from our commercial-broker network quote data and carrier-published BOP rate tables. Industry-specific multipliers from ISO commercial-lines hazard classifications.
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Advertiser Disclosure
Insurances Quote is an independent insurance marketplace. We are paid by carriers when shoppers switch to a policy we’ve helped match — never by the shopper. We don’t resell your lead data to third-party buyers, and the carrier rankings on this page reflect our composite quality score (35% claims, 30% price, 20% service, 15% digital tools), not paid placement.