Engineering business insurance averages $58 monthly, with costs ranging from $33 to $56 based on coverage types and location factors.
Get matched with cheap engineering business insurance below.
Updated: October 15, 2025
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Annual costs for engineering business insurance span $396 to $673 on average, based on your coverage needs, location and specialty area.
Your engineering insurance rates vary by your business location, past claims experience, services you provide and total employee headcount.
Shop multiple business insurers, combine coverage types, raise your deductibles and choose annual payments to lower engineering business insurance expenses.
We found average business insurance costs for engineering companies for commonly needed coverage are as follows:
| BOP | $49 | $583 |
| General Liability | $40 | $482 |
| Professional Liability (E&O) | $104 | $1,248 |
| Workers' Comp | $38 | $459 |
Note: We based these rates on small businesses with two employees across 79 major industries, focusing on four coverage types: general liability, professional liability/errors and omissions (E&O), workers' comp and business owner's policy. Your actual rates will vary based on your specific business factors and location.
Select your industry and state to get a customized quote.
Your engineering business cost for general liability insurance varies by location. Maine delivers the best value at $35 monthly compared to the $40 national average, while Hawaii runs $48 monthly.
| Alabama | $39 | $468 |
| Alaska | $41 | $486 |
| Arizona | $38 | $452 |
| Arkansas | $38 | $461 |
| California | $45 | $535 |
| Colorado | $40 | $477 |
| Connecticut | $44 | $522 |
| Delaware | $43 | $513 |
| Florida | $43 | $520 |
| Georgia | $41 | $488 |
| Hawaii | $48 | $578 |
| Idaho | $38 | $456 |
| Illinois | $44 | $527 |
| Indiana | $39 | $469 |
| Iowa | $38 | $457 |
| Kansas | $39 | $467 |
| Kentucky | $37 | $443 |
| Louisiana | $48 | $577 |
| Maine | $35 | $416 |
| Maryland | $38 | $458 |
| Massachusetts | $42 | $504 |
| Michigan | $38 | $455 |
| Minnesota | $38 | $451 |
| Mississippi | $40 | $483 |
| Missouri | $39 | $472 |
| Montana | $40 | $478 |
| Nebraska | $38 | $455 |
| Nevada | $45 | $541 |
| New Hampshire | $40 | $478 |
| New Jersey | $45 | $544 |
| New Mexico | $40 | $483 |
| New York | $47 | $558 |
| North Carolina | $35 | $416 |
| North Dakota | $35 | $417 |
| Ohio | $37 | $446 |
| Oklahoma | $39 | $463 |
| Oregon | $37 | $446 |
| Pennsylvania | $46 | $554 |
| Rhode Island | $44 | $528 |
| South Carolina | $41 | $495 |
| South Dakota | $37 | $449 |
| Tennessee | $39 | $469 |
| Texas | $40 | $485 |
| Utah | $38 | $454 |
| Vermont | $38 | $461 |
| Virginia | $36 | $438 |
| Washington | $46 | $546 |
| West Virginia | $42 | $504 |
| Wisconsin | $39 | $471 |
| Wyoming | $37 | $444 |
Note: We based these general liability rates on engineering businesses with two employees across different states. Your rates will vary based on your location, claims history and the types of services you provide.
The cost of workers' compensation insurance for engineering businesses differs across states. North Carolina provides the most affordable coverage at $33 monthly, while New York costs $45 monthly. State regulations and claim histories cause these pricing variations.
| Alabama | $37 |
| Alaska | $35 |
| Arizona | $36 |
| Arkansas | $36 |
| California | $42 |
| Colorado | $38 |
| Connecticut | $41 |
| Delaware | $41 |
| Florida | $42 |
| Georgia | $39 |
| Hawaii | $40 |
| Idaho | $36 |
| Illinois | $42 |
| Indiana | $37 |
| Iowa | $36 |
| Kansas | $37 |
| Kentucky | $36 |
| Louisiana | $44 |
| Maine | $33 |
| Maryland | $36 |
| Massachusetts | $40 |
| Michigan | $36 |
| Minnesota | $36 |
| Mississippi | $39 |
| Missouri | $38 |
| Montana | $38 |
| Nebraska | $36 |
| Nevada | $44 |
| New Hampshire | $38 |
| New Jersey | $43 |
| New Mexico | $38 |
| New York | $45 |
| North Carolina | $33 |
| Oklahoma | $36 |
| Oregon | $36 |
| Pennsylvania | $44 |
| Rhode Island | $42 |
| South Carolina | $39 |
| South Dakota | $36 |
| Tennessee | $37 |
| Texas | $38 |
| Utah | $36 |
| Vermont | $37 |
| Virginia | $35 |
| West Virginia | $40 |
| Wisconsin | $38 |
Note: We based these workers' comp rates on engineering businesses with two employees across different states. Your workers' comp requirements and costs will vary by state since each has different regulations.
Your professional liability cost varies by state. Nationwide, businesses pay around $104 monthly for this coverage. You'll find the most affordable rates in North Carolina at $90 monthly, while Pennsylvania has the highest costs at $120 monthly.
| Alabama | $102 |
| Alaska | $92 |
| Arizona | $99 |
| Arkansas | $102 |
| California | $116 |
| Colorado | $103 |
| Connecticut | $114 |
| Delaware | $109 |
| Florida | $114 |
| Georgia | $107 |
| Hawaii | $98 |
| Idaho | $99 |
| Illinois | $112 |
| Indiana | $99 |
| Iowa | $98 |
| Kansas | $101 |
| Kentucky | $95 |
| Louisiana | $114 |
| Maine | $92 |
| Maryland | $101 |
| Massachusetts | $108 |
| Michigan | $99 |
| Minnesota | $97 |
| Mississippi | $105 |
| Missouri | $105 |
| Montana | $102 |
| Nebraska | $99 |
| Nevada | $118 |
| New Hampshire | $104 |
| New Jersey | $117 |
| New Mexico | $104 |
| New York | $120 |
| North Carolina | $90 |
| North Dakota | $91 |
| Ohio | $97 |
| Oklahoma | $96 |
| Oregon | $97 |
| Pennsylvania | $120 |
| Rhode Island | $115 |
| South Carolina | $108 |
| South Dakota | $98 |
| Tennessee | $102 |
| Texas | $105 |
| Utah | $102 |
| Vermont | $100 |
| Virginia | $95 |
| Washington | $119 |
| West Virginia | $110 |
| Wisconsin | $102 |
| Wyoming | $98 |
Note: We based these professional liability rates on engineering businesses with two employees across different states. Your actual rates will depend on your services offered and location.
Engineering business insurance costs vary based on your state, with business owner's policy (BOP) coverage showing the widest price differences. BOP insurance cost ranges from $41 in North Carolina to $56 in New York for the same coverage.
The Tar Heel State offers the most affordable rates, while the Empire State commands the highest premiums. This $15 monthly difference translates to $180 more per year for identical protection.
| Alabama | $47 |
| Alaska | $44 |
| Arizona | $46 |
| Arkansas | $47 |
| California | $54 |
| Colorado | $48 |
| Connecticut | $52 |
| Delaware | $52 |
| Florida | $54 |
| Georgia | $49 |
| Hawaii | $52 |
| Idaho | $46 |
| Illinois | $54 |
| Indiana | $48 |
| Iowa | $46 |
| Kansas | $48 |
| Kentucky | $46 |
| Louisiana | $55 |
| Maine | $42 |
| Maryland | $46 |
| Massachusetts | $51 |
| Michigan | $46 |
| Minnesota | $46 |
| Mississippi | $49 |
| Missouri | $47 |
| Montana | $49 |
| Nebraska | $46 |
| Nevada | $55 |
| New Hampshire | $49 |
| New Jersey | $55 |
| New Mexico | $50 |
| New York | $56 |
| North Carolina | $41 |
| North Dakota | $42 |
| Ohio | $45 |
| Oklahoma | $47 |
| Oregon | $45 |
| Pennsylvania | $55 |
| Rhode Island | $53 |
| South Carolina | $50 |
| South Dakota | $45 |
| Tennessee | $46 |
| Texas | $48 |
| Utah | $46 |
| Vermont | $47 |
| Virginia | $44 |
| Washington | $55 |
| West Virginia | $51 |
| Wisconsin | $48 |
| Wyoming | $45 |
Note: We based these BOP rates on engineering businesses with two employees across different states. Your actual rates will vary based on your business size, location, and coverage needs.
Engineering business insurance costs vary widely by provider, ranging from $42 to $68 monthly. These differences reflect each insurer's market focus and strategic priorities, which shift based on profitability and coverage expansion opportunities.
| Chubb | $68 | $816 |
| Coverdash | $56 | $670 |
| Hiscox | $58 | $693 |
| NEXT Insurance | $53 | $636 |
| Nationwide | $58 | $698 |
| Progressive Commercial | $63 | $761 |
| Simply Business | $65 | $783 |
| The Hartford | $53 | $631 |
| Thimble | $66 | $795 |
| biBERK | $42 | $498 |
Engineering business insurance costs depend on multiple factors insurers review when determining your policy rates:
Engineering businesses in states with high construction activity or strict licensing requirements have different insurance needs. Areas prone to natural disasters (earthquakes, hurricanes), where structural engineering is critical, may see higher professional liability premiums.
Professional errors in engineering can have catastrophic consequences. Previous claims for design errors, miscalculations, or structural failures significantly impact your professional liability rates for years.
Civil, structural, mechanical, electrical and chemical engineers have varying risk levels. Structural engineers designing buildings carry higher liability than traffic engineers analyzing roadway patterns.
Engineering firms with multiple licensed PEs (Professional Engineers), drafters, and support staff pay more in workers' comp and employment liability than solo consultants working from home offices.
Basic consulting and design work carries different risks than construction administration, site inspections, or forensic engineering. Expert witness work and failure analysis increase professional liability exposure.
Project scale matters significantly. Small firms doing residential work have different underwriting than large firms designing commercial buildings, bridges, or industrial facilities worth millions.
Engineering firms often need $2 million to $5 million in professional liability due to project values and potential damages from design errors. Many clients require proof of substantial E&O coverage.
PE licenses, certifications, and continuing education demonstrate competence. Firms with licensed professionals and documented quality control processes may qualify for better rates.
Engineering firms need strong financials to weather claim investigations. Good credit and financial stability can reduce premiums by 15 percent to 30 percent.
Reducing your engineering business insurance cost requires strategic shopping and our step-by-step guide to smart business practices. Here's how you can find the best cheap business insurance for your engineering business and build a better risk profile over time.
Understanding the types of coverage your engineering company actually needs prevents paying for unnecessary policies. For engineering companies, we recommend that you get general liability, workers comp, professional liability, tools and equipment insurance, commercial auto insurance and surety bonds for great coverage that meets personal and regulation needs.
Rates vary dramatically between engineering business insurers for identical coverage. Getting quotes from at least three companies often reveals substantial savings, and independent agents can handle the comparison shopping for you.
Most insurers discount bundled policies substantially. Combining general liability, commercial property and commercial auto with one carrier costs less than buying separate policies from different companies.
Higher deductibles lower your monthly premiums since you pay more out-of-pocket before insurance coverage begins. This strategy works best when you can afford the increased upfront costs for potential claims.
Many insurers charge processing fees for monthly payments that can add to your total cost. Paying upfront eliminates these fees and sometimes earns additional discounts.
Don't set it and forget it after finding cheap rates. As you add employees or expand services, your coverage needs change too. Check your policy each year to drop coverage you've outgrown and adjust limits that no longer match your business size and operations.
Engineering business insurance costs range from $33 to $56 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.
Engineering business owners commonly ask about insurance costs. We answered the most frequent questions below:
Workers' compensation is the most affordable at $38 monthly, though it only covers workplace injuries. Most engineering firms also require general liability insurance ($40 monthly) for protection against third-party lawsuits and property damage.
You'll pay more in these states. General liability in California runs $45 monthly (versus $40 national average), and BOP costs $54 monthly (versus $49 average). New York is similar at $47 and $56, respectively.
Bundling engineering business insurance policies delivers greater savings compared to purchasing individual coverage. Insurance companies provide discounts when you package general liability, commercial property and commercial auto insurance together with a single provider.
High-risk projects, expensive specialized equipment, hazardous work environments, previous claims history, larger workforce size and poor credit ratings all increase engineering business insurance premiums.
Higher deductibles reduce monthly premiums but increase out-of-pocket costs during claims. Consider your available cash flow and expected claim frequency when deciding.
Workers' compensation costs for engineering businesses vary by state, ranging from $33 monthly in North Carolina to $45 monthly in New York.
Yes, BOP insurance is worth it for engineering companies. BOP costs $49 monthly and combines general liability, commercial property and business interruption coverage. Purchasing these protections as a bundle reduces costs compared to separate policies while offering valuable convenience.
Shop around annually when your policy renews. Compare quotes from at least three insurers to uncover savings, especially after adding employees or expanding your services.
We collected engineering business insurance quotes from companies across different states. For consistent comparisons, every quote used the same business setup:
We used a typical small engineering business profile requiring comprehensive coverage. We chose companies offering broad national coverage and online quote capabilities, prioritizing insurers that serve the engineering 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
