BOP insurance costs average $147 monthly ($1,767 annually) for small businesses.Â
Compare rates to find affordable coverage for your business needs.
Updated: September 23, 2025
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Expect to spend between $22 and $1,607 monthly on business owner's policy (BOP) insurance, depending on your location and activities.
Your industry type, claims history, location and business size impact BOP insurance costs the most.
You can immediately save by shopping multiple insurers, choosing appropriate coverage limits, raising your deductible and bundling with other business policies.
BOP insurance costs an average of $147 monthly, but your premium can range from $22 to $1,607 depending on your business risk and location.Â
Coverage for a drone business in Maine costs $22 because you operate low-risk equipment from home. However, if you own a pressure washing company in Pennsylvania, you're looking at $1,607 monthly due to high-pressure equipment that creates property damage and slip hazards. Your coverage limits and claims history also impact your business insurance costs.
Select your industry and state to get a customized quote.
When quotes range from $22 to $1,607 monthly, figuring out your BOP insurance cost can feel confusing. The good news? Several factors affect your rate, and understanding them gives you a better idea of what you'll actually pay.
Your business type creates the biggest cost differences. Low-risk businesses like drone services or software development pay $22 to $32 monthly, while high-risk operations like pressure washing companies pay $1,346 monthly.
If you run a moderate-risk service business like a beauty salon, coffee shop or restaurant, you'll fall somewhere in the middle due to customer traffic and standard equipment risks. If your business involves specialized tools, hazardous materials or high injury potential, expect to pay $300 to $1,600 monthly.
State regulations and lawsuit frequency create a $43 difference between the cheapest and most expensive locations each month. If you operate in North Carolina or Maine, you'll pay around $128 monthly for coverage that costs $171 in New York or Pennsylvania. Business-friendly states with fewer lawsuits keep your premiums lower.
Larger operations within the same business type pay more. If you're a solo consultant, you might pay $32 monthly, but if you run a 10-employee consulting firm, expect to pay $80 to $120 monthly. More employees, higher revenue and greater customer volume multiply your liability risks.
Equipment-intensive businesses pay more for property coverage. If you run a dental office, auto repair shop or manufacturing company, you'll face higher premiums because expensive specialized equipment costs more to replace. If you work from home with basic computers, you'll pay far less than a dental practice with $200,000 in specialized equipment.
Previous commercial insurance claims tell insurers you'll likely file again. If you have a clean record, you'll pay baseline rates. If you've filed liability claims, expect increases of 25% to 100% for several years. Property claims create smaller increases than liability incidents.
BOP policies cost $147 monthly compared to $104 for standalone general liability insurance. BOP combines general liability with commercial property coverage and business interruption protection in one policy for just $43 more monthly. If you choose higher liability limits, expect proportional increases of $10 to $30 monthly for more financial protection.
The average cost of BOP insurance ranges from $25 for drone businesses to $1,346 for pressure washing companies. If you run a low-risk office operation like consulting or software development, you'll pay around $30 monthly due to minimal equipment and customer interaction.
Pressure washing businesses pay more because high-pressure equipment creates property damage and slip hazards. Other industries like plumbing cost $535 monthly and contractors $378 monthly, while construction and auto repair businesses pay around $220 monthly.
| Accountants | $32 | $390 |
| Ad Agency | $41 | $496 |
| Auto Repair | $223 | $2,675 |
| Automotive | $79 | $944 |
| Bakery | $134 | $1,606 |
| Barber | $54 | $645 |
| Beauty Salon | $99 | $1,188 |
| Bounce House | $104 | $1,249 |
| Candle | $81 | $975 |
| Cannabis | $99 | $1,191 |
| Catering | $99 | $1,192 |
| Cleaning | $188 | $2,259 |
| Coffee Shop | $133 | $1,594 |
| Computer Programming | $32 | $386 |
| Computer Repair | $67 | $806 |
| Construction | $228 | $2,736 |
| Consulting | $32 | $388 |
| Contractor | $378 | $4,531 |
| Courier | $289 | $3,464 |
| DJ | $29 | $345 |
| Daycare | $49 | $583 |
| Dental | $32 | $381 |
| Dog Grooming | $93 | $1,120 |
| Drone | $25 | $297 |
| Ecommerce | $104 | $1,250 |
| Electrical | $166 | $1,989 |
| Engineering | $49 | $583 |
| Excavation | $692 | $8,299 |
| Florist | $59 | $713 |
| Food | $158 | $1,898 |
| Food Truck | $207 | $2,485 |
| Funeral Home | $89 | $1,067 |
| Gardening | $158 | $1,890 |
| HVAC | $361 | $4,337 |
| Handyman | $363 | $4,353 |
| Home-based | $35 | $420 |
| Hospitality | $95 | $1,143 |
| Janitorial | $202 | $2,426 |
| Jewelry | $39 | $467 |
| Junk Removal | $240 | $2,884 |
| Lawn/Landscaping | $177 | $2,124 |
| Manufacturing | $38 | $454 |
| Marine | $41 | $496 |
| Massage | $141 | $1,689 |
| Mortgage Broker | $34 | $405 |
| Moving | $183 | $2,194 |
| Nonprofit | $53 | $639 |
| Painting | $211 | $2,536 |
| Party Rental | $117 | $1,407 |
| Personal Training | $35 | $426 |
| Pest Control | $48 | $573 |
| Pet | $83 | $997 |
| Pharmacy | $91 | $1,090 |
| Photography | $32 | $385 |
| Physical Therapy | $41 | $494 |
| Plumbing | $535 | $6,415 |
| Pressure Washing | $1,346 | $16,158 |
| Real Estate | $79 | $943 |
| Restaurant | $214 | $2,566 |
| Retail | $98 | $1,174 |
| Roofing | $567 | $6,806 |
| Security | $206 | $2,475 |
| Snack Bars | $175 | $2,095 |
| Software | $30 | $363 |
| Spa/Wellness | $156 | $1,874 |
| Speech Therapist | $46 | $555 |
| Startup | $43 | $510 |
| Tech/IT | $32 | $386 |
| Transportation | $56 | $669 |
| Travel | $31 | $370 |
| Tree Service | $192 | $2,306 |
| Trucking | $152 | $1,822 |
| Tutoring | $34 | $407 |
| Veterinary | $67 | $799 |
| Wedding Planning | $32 | $382 |
| Welding | $244 | $2,928 |
| Wholesale | $66 | $794 |
| Window Cleaning | $234 | $2,813 |
| lawyers | $34 | $403 |
Note: We used quotes from 10 major insurers for businesses with three employees, $150,000 payroll and $300,000 revenue. Expect different pricing for your unique situation and state.
Average BOP insurance cost varies by state, ranging from $128 to $171. If you operate in low-litigation states (those with fewer lawsuits against businesses) like Maine, North Dakota or Kentucky, you'll pay the lower end of this range.
Coverage costs more in high-lawsuit states like New York, Pennsylvania and New Jersey because insurers face frequent claims and larger payouts. If you're in these states, expect to pay between $168 and $171 monthly since insurers spread these higher costs across all policyholders. Meanwhile, you'll pay less than $140 monthly in Virginia, Ohio and Wyoming.
| Alabama | $144 | $1,734 |
| Alaska | $132 | $1,586 |
| Arizona | $139 | $1,668 |
| Arkansas | $141 | $1,696 |
| California | $164 | $1,966 |
| Colorado | $146 | $1,754 |
| Connecticut | $160 | $1,919 |
| Delaware | $158 | $1,894 |
| Florida | $160 | $1,916 |
| Georgia | $149 | $1,793 |
| Hawaii | $155 | $1,858 |
| Idaho | $140 | $1,679 |
| Illinois | $162 | $1,939 |
| Indiana | $144 | $1,725 |
| Iowa | $141 | $1,688 |
| Kansas | $144 | $1,722 |
| Kentucky | $137 | $1,639 |
| Louisiana | $167 | $2,000 |
| Maine | $128 | $1,536 |
| Maryland | $140 | $1,686 |
| Massachusetts | $155 | $1,858 |
| Michigan | $140 | $1,677 |
| Minnesota | $138 | $1,655 |
| Mississippi | $148 | $1,780 |
| Missouri | $145 | $1,745 |
| Montana | $146 | $1,758 |
| Nebraska | $140 | $1,677 |
| Nevada | $167 | $2,000 |
| New Hampshire | $146 | $1,757 |
| New Jersey | $168 | $2,012 |
| New Mexico | $149 | $1,783 |
| New York | $171 | $2,055 |
| North Carolina | $128 | $1,532 |
| North Dakota | $128 | $1,535 |
| Ohio | $137 | $1,644 |
| Oklahoma | $138 | $1,656 |
| Oregon | $137 | $1,647 |
| Pennsylvania | $171 | $2,046 |
| Rhode Island | $162 | $1,947 |
| South Carolina | $152 | $1,827 |
| South Dakota | $138 | $1,655 |
| Tennessee | $144 | $1,724 |
| Texas | $148 | $1,781 |
| Utah | $139 | $1,673 |
| Vermont | $141 | $1,693 |
| Virginia | $134 | $1,611 |
| Washington | $167 | $2,007 |
| West Virginia | $155 | $1,855 |
| Wisconsin | $144 | $1,731 |
| Wyoming | $137 | $1,642 |
Note: We gathered quotes for businesses with three employees, $150,000 payroll and $300,000 revenue from 10 major insurers in each state. Your BOP costs will vary based on your industry, business size and claims history.
BOP insurance premiums vary widely between insurers and industries. Smart shopping and strategic choices help you find more affordable BOP rates. The following strategies deliver measurable savings:
Don't over-insure or under-insure your business. Work with an agent to determine appropriate liability limits and property coverage amounts that protect your assets without paying for unnecessary coverage.
High-cost industries see the biggest savings when comparing rates. Monthly premiums can range from $228 to over $500 for contractors, creating potential annual savings of $3,000+. Restaurants see variations from $150 to $250 monthly, while even low-risk consultants find $200 to $400 in annual savings. Get at least three estimates to find affordable business insurance that fits your budget, especially if you operate in contracting, auto repair or other industries where rate differences are largest.
Increasing your deductible lowers monthly premiums. Low-risk businesses paying $30 to $50 monthly save $5 to $15 by raising deductibles from $500 to $2,500. Doing the same in high-risk businesses with premiums over $300 monthly saves $30 to $60. Just make sure you have more cash available for potential claims.
Most insurers offer 5% to 15% discounts when you combine BOP with other coverage types, like workers' comp, commercial auto or professional liability. On a $147 monthly BOP policy, bundling saves you $7 to $22 monthly. The savings increase if you bundle multiple policies.
Your location affects costs, especially if you operate in multiple states. Moving from high-lawsuit states like New York to business-friendly states like North Carolina saves $43 monthly per location. This strategy results in over $1,500 in annual savings for businesses with more than three locations.
Your claims history determines long-term costs more than any other factor. If you've never filed a claim, you'll pay standard rates. File even one, and your premiums jump 25% to 100% for several years. That means a single liability incident can increase your $147 monthly premium to $185 to $295 monthly.
Although BOP insurance costs an average of $147 per month, our research shows it can range from $22 to $1,607 monthly based on your industry, location, claims history and business size. When shopping for quotes, you don't have to accept the first one you get. Adjust coverage limits, raise deductibles and bundle policies to find cheaper premiums.
We addressed these frequently asked questions about BOP insurance cost to help you understand pricing factors and savings opportunities:
Most insurers set minimum premiums, but if you run a drone business in Maine, you'll pay as little as $22 monthly - our lowest rate found. Many insurers won't go below their floor price, so ask about minimums when you shop around.
We found that restaurant owners pay around $214 monthly for BOP coverage. You'll pay more if you operate a full-service restaurant with extensive kitchens and bar service than a simple fast-casual spot due to increased equipment risks.
We found a $43 difference between the states with the lowest and highest BOP rates monthly. In high-lawsuit states like New York, coverage costs $171 monthly because insurers spread frequent claims and larger payouts across all policyholders.
If you run a pressure washing company, you'll pay the highest rates at $1,346 monthly, followed by plumbing at $535 and contracting at $378. Equipment-intensive businesses face higher premiums due to property damage risks and liability exposure.
If you operate a high-risk business like construction, you can save over $3,000 annually by shopping around, with quotes ranging from $228 to more than $500 monthly. Even if you run a low-risk consulting business, you can save $200 to $400 annually.
Yes, you'll pay more as your business grows within the same industry. If you work alone as a consultant, you might pay $32 monthly, but if you employ 10 people in consulting, expect $80 to $120 monthly due to the increased risk of lawsuits.
Get ready with your annual revenue, payroll, employee count, business address, business description, property values and claims history. This information helps agents give you accurate quotes instead of rough estimates.
We gathered real quotes from 10 major insurers across 79 industries and all 50 states using our standard business profile:
This profile represents typical small businesses needing BOP coverage. We focused on insurers with national reach and online quote systems, ensuring these rates are available to you. Your costs will depend on your specific business and claims history, but you'll have realistic pricing baselines for comparison shopping.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
