Candle business insurance costs vary based on coverage type, affecting how you budget for protection. Monthly premiums range from $40 for workers' compensation to $81 for a business owner's policy (BOP).
How Much Does Candle Business Insurance Cost?
Business insurance for candle companies starts at $40 per month, though your specific business details and needs will determine your final rate.
Discover cheap candle business insurance below.
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Updated: August 18, 2025
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Key Takeaways
Candle business insurance costs range from $40 to $81 monthly, with business owner's policies commanding the highest premiums.
Your candle insurance premiums depend on location, claims history, property types serviced and employee count.
Shop multiple insurers, bundle policies, increase deductibles and pay annually to find affordable candle business insurance costs.
Average Candle Business Insurance Cost Overall
| BOP | $81 |
| General Liability | $55 |
| Professional Liability (E&O) | $42 |
| Workers' Comp | $40 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Candle Business Insurance Cost for General Liability Coverage by State
Your candle business general liability coverage costs vary by location. Maine and North Carolina offer the most savings at $48 monthly versus the $55 national average, while New York costs $64 monthly.
| Alabama | $53 |
| Alaska | $50 |
| Arizona | $52 |
| Arkansas | $53 |
| California | $61 |
| Colorado | $55 |
| Connecticut | $60 |
| Delaware | $59 |
| Florida | $60 |
| Georgia | $56 |
| Hawaii | $58 |
| Idaho | $52 |
| Illinois | $61 |
| Indiana | $54 |
| Iowa | $53 |
| Kansas | $54 |
| Kentucky | $51 |
| Louisiana | $62 |
| Maine | $48 |
| Maryland | $53 |
| Massachusetts | $58 |
| Michigan | $52 |
| Minnesota | $52 |
| Mississippi | $55 |
| Missouri | $54 |
| Montana | $55 |
| Nebraska | $52 |
| Nevada | $63 |
| New Hampshire | $55 |
| New Jersey | $63 |
| New Mexico | $56 |
| New York | $64 |
| North Carolina | $48 |
| North Dakota | $48 |
| Ohio | $51 |
| Oklahoma | $51 |
| Oregon | $51 |
| Pennsylvania | $64 |
| Rhode Island | $61 |
| South Carolina | $57 |
| South Dakota | $52 |
| Tennessee | $54 |
| Texas | $56 |
| Utah | $53 |
| Vermont | $53 |
| Virginia | $50 |
| Washington | $63 |
| West Virginia | $58 |
| Wisconsin | $54 |
| Wyoming | $51 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Candle Business Insurance Cost for Workers’ Compensation Coverage by State
Your cost for workers' compensation varies by state for your candle business. Maine offers the lowest rates at $35 monthly, while Pennsylvania charges the highest at $47 monthly. Our analysis reveals how state regulations and claim histories create these differences.
| Alabama | $39 |
| Alaska | $37 |
| Arizona | $38 |
| Arkansas | $38 |
| California | $44 |
| Colorado | $40 |
| Connecticut | $43 |
| Delaware | $43 |
| Florida | $43 |
| Georgia | $40 |
| Hawaii | $42 |
| Idaho | $38 |
| Illinois | $44 |
| Indiana | $39 |
| Iowa | $39 |
| Kansas | $39 |
| Kentucky | $37 |
| Louisiana | $46 |
| Maine | $35 |
| Maryland | $38 |
| Massachusetts | $42 |
| Michigan | $38 |
| Minnesota | $38 |
| Mississippi | $40 |
| Missouri | $40 |
| Montana | $40 |
| Nebraska | $38 |
| Nevada | $45 |
| New Hampshire | $40 |
| New Jersey | $45 |
| New Mexico | $40 |
| New York | $47 |
| North Carolina | $35 |
| Oklahoma | $38 |
| Oregon | $37 |
| Pennsylvania | $47 |
| Rhode Island | $44 |
| South Carolina | $41 |
| South Dakota | $38 |
| Tennessee | $39 |
| Texas | $41 |
| Utah | $38 |
| Vermont | $38 |
| Virginia | $37 |
| West Virginia | $42 |
| Wisconsin | $39 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Workers' compensation requirements vary by state and are mandated by state regulations. Survey results reflect limited sample data and may not represent all available rates in your area.
Candle Business Insurance Cost for Professional Liability Coverage by State
Your state affects your cost for professional liability coverage, just like other business insurance types. While the national average is $42 monthly, North Carolina offers the lowest rates at $36 monthly for errors and omissions (E&O) insurance, while New York charges $50 monthly.
| Alabama | $41 |
| Alaska | $37 |
| Arizona | $40 |
| Arkansas | $40 |
| California | $47 |
| Colorado | $42 |
| Connecticut | $45 |
| Delaware | $45 |
| Florida | $45 |
| Georgia | $43 |
| Hawaii | $44 |
| Idaho | $40 |
| Illinois | $46 |
| Indiana | $41 |
| Iowa | $40 |
| Kansas | $40 |
| Kentucky | $39 |
| Louisiana | $47 |
| Maine | $36 |
| Maryland | $40 |
| Massachusetts | $44 |
| Michigan | $40 |
| Minnesota | $39 |
| Mississippi | $41 |
| Missouri | $42 |
| Montana | $41 |
| Nebraska | $40 |
| Nevada | $47 |
| New Hampshire | $41 |
| New Jersey | $47 |
| New Mexico | $42 |
| New York | $50 |
| North Carolina | $36 |
| North Dakota | $37 |
| Ohio | $39 |
| Oklahoma | $40 |
| Oregon | $40 |
| Pennsylvania | $46 |
| Rhode Island | $45 |
| South Carolina | $44 |
| South Dakota | $39 |
| Tennessee | $41 |
| Texas | $42 |
| Utah | $40 |
| Vermont | $40 |
| Virginia | $39 |
| Washington | $48 |
| West Virginia | $44 |
| Wisconsin | $41 |
| Wyoming | $39 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Candle Business Insurance Cost for BOP Coverage by State
Business owner's policy rates vary widely for candle businesses across states. Monthly premiums range from $69 in Maine to $95 in New York for similar coverage.
| Alabama | $77 |
| Alaska | $73 |
| Arizona | $77 |
| Arkansas | $77 |
| California | $92 |
| Colorado | $81 |
| Connecticut | $87 |
| Delaware | $86 |
| Florida | $88 |
| Georgia | $83 |
| Hawaii | $88 |
| Idaho | $78 |
| Illinois | $89 |
| Indiana | $78 |
| Iowa | $78 |
| Kansas | $79 |
| Kentucky | $75 |
| Louisiana | $94 |
| Maine | $69 |
| Maryland | $78 |
| Massachusetts | $86 |
| Michigan | $79 |
| Minnesota | $75 |
| Mississippi | $82 |
| Missouri | $80 |
| Montana | $80 |
| Nebraska | $77 |
| Nevada | $91 |
| New Hampshire | $82 |
| New Jersey | $93 |
| New Mexico | $82 |
| New York | $95 |
| North Carolina | $69 |
| North Dakota | $70 |
| Ohio | $75 |
| Oklahoma | $73 |
| Oregon | $76 |
| Pennsylvania | $94 |
| Rhode Island | $89 |
| South Carolina | $84 |
| South Dakota | $76 |
| Tennessee | $80 |
| Texas | $81 |
| Utah | $78 |
| Vermont | $79 |
| Virginia | $74 |
| Washington | $93 |
| West Virginia | $85 |
| Wisconsin | $80 |
| Wyoming | $76 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP coverage. Survey results reflect limited sample data and may not represent all available rates in your area.
Factors Affecting Candle Business Insurance Cost
Insurance costs for your candle business are based on several factors that insurance companies review to set premium rates. Understanding these pricing elements helps with accurate budget planning. We detail these cost factors below.
Geographic location
Your business location affects workers' compensation rates due to local regulations and claim frequencies. Operating in areas prone to natural disasters or with higher crime rates increases your risk profile, and state differences create substantial premium variations.
Safety record and claims history
Previous claims impact future premiums, sometimes for three to five years. A single slip-and-fall lawsuit can substantially increase your general liability rates at renewal.
Employee count and payroll
Insurers calculate workers' comp premiums based on your total payroll and job classifications. Adding employees increases your payroll costs, directly impacting your workers' compensation premiums since insurers calculate your rates per dollar of wages paid.
Business size and revenue
Higher annual revenue typically means higher premiums since insurers view larger operations as having greater exposure to claims. For example, a small candle shop with $50,000 in annual revenue will pay less than a manufacturing operation with $500,000 in revenue.
Coverage limits
Higher coverage limits provide better protection but cost more monthly. Choosing between different coverage amounts directly affects your premium, with higher limits increasing costs proportionally.
Credit score and financial stability
In most states, insurers can consider your business credit score when setting rates. A strong credit score can reduce premiums, while poor credit often increases costs substantially.
How to Get Cheap Candle Business Insurance
Smart shopping and safe business practices can lower your candle business insurance costs, and the tips below show you how to reduce your premiums both now and in the future.
- 1
Choose the right coverage types for your business
Understanding what types of business insurance your candle business needs prevents overpaying for unnecessary coverage. General liability protects against customer injuries and property damage, while product liability covers issues from defective candles. Commercial property insurance safeguards your inventory and equipment.
- 2
Shop multiple insurance companies
Insurance rates can vary significantly between carriers for identical coverage. Request quotes from at least three companies to find the best rates. Consider working with an independent agent who can handle comparison shopping for you.
- 3
Bundle your coverage types
Insurance companies offer substantial discounts when you bundle multiple policies together. Combining general liability, property insurance and other necessary coverage with one carrier typically costs less than purchasing separate policies from different providers.
- 4
Increase your deductibles
Choosing higher deductibles reduces your monthly premium costs. This means you'll pay more out of pocket before insurance kicks in, but you'll save on regular payments if you can handle smaller claims yourself.
- 5
Pay annually instead of monthly
Most insurance carriers charge additional processing fees for monthly payment plans. Paying your full premium annually eliminates these extra charges and often qualifies you for additional discounts.
- 6
Review and adjust your coverage annually
Your insurance needs change as your candle business grows. Review your policy yearly to ensure coverage matches your current operations. Remove unnecessary coverage and adjust limits based on your business size and risk exposure.
Insurance for Candle Business Cost: Bottom Line
Candle business insurance costs range from $40 to $81 monthly, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
Candle Business Insurance Cost: FAQ
Our candle business insurance experts answer the most common cost questions to help you find affordable coverage that fits your budget.
What is the cheapest type of candle business insurance?
Workers' compensation insurance costs $40 monthly, but only covers workplace injuries. Most candle businesses need general liability insurance ($55 monthly) to protect against customer accidents and property damage claims.
How much can I save by bundling my candle business insurance policies?
Professional liability insurance (E&O) offers the lowest rates for candle businesses at $502 per year. Bundling multiple policies with one carrier can provide additional savings through package discounts.
What factors make my candle business insurance more expensive?
Having a lot of employees and a large business can mean more expensive insurance. Professional liability insurance (E&O) costs around $42 per month, making it the most budget-friendly coverage option for candle businesses. This type of insurance protects against professional mistakes and negligence claims.
Should I choose a $500 or $2,500 deductible for my candle business insurance?
Higher deductibles mean lower monthly premiums but require more out-of-pocket costs when filing claims. Consider your available cash and claim likelihood when choosing your deductible.
How much does workers' compensation cost for candle businesses by state?
Workers' compensation costs for candle businesses vary from $35 monthly in Maine to $47 monthly in Pennsylvania, with rates determined by state regulations and risk factors.
Is business owner's policy (BOP) worth the extra cost for candle companies?
A BOP costs around $81 monthly and bundles general liability, commercial property and business interruption coverage. This package typically saves money compared to purchasing individual policies.
How often should I shop around for candle business insurance quotes?
You should review your candle business insurance annually during renewal. Compare at least three insurers to find better rates, particularly if your business has grown or changed.
How We Determined Candle Business Insurance Costs
We collected candle business insurance quotes from companies across different states. To make sure we compared apples to apples, every quote used the same business setup:
- Two employees (three people total, including the owner)
- $150,000 annual payroll
- $300,000 annual revenue
- Already insured status
- $1 million per occurrence and $2 million total per year for all coverage except BOP, which includes the same limits plus $5,000 business property coverage
This profile represents small candle businesses requiring comprehensive insurance coverage in most states. We chose companies offering broad national coverage and online quote capabilities, focusing on insurers that actively serve the candle industry.
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.