Veterinary business insurance costs vary significantly based on coverage type, helping you plan your budget effectively. MoneyGeek's analysis shows monthly premiums range from $20 for workers' compensation to $116 for professional liability coverage.
How Much Does Veterinary Business Insurance Cost?
Business insurance for veterinary practices can cost as little as $20 per month, though your specific business details will determine your final rate. Factors like coverage types, location and practice size influence costs.
Discover cheap veterinary business insurance below.
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Updated: August 18, 2025
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Key Takeaways
Veterinary business insurance costs range from $20 to $116 monthly, with business owner's policies averaging $67 per month.
Your veterinary 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 veterinary business insurance costs.
Average Veterinary Business Insurance Cost Overall
| BOP | $67 |
| General Liability | $45 |
| Professional Liability (E&O) | $116 |
| Workers Comp | $20 |
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.
Veterinary Business Insurance Cost for General Liability Coverage by State
Your veterinary business general liability coverage costs vary by location. Alaska offers the most savings at $39 monthly versus the $45 national average, while New York costs $52 monthly, giving you concrete data for business planning.
| Alabama | $44 |
| Alaska | $39 |
| Arizona | $43 |
| Arkansas | $43 |
| California | $50 |
| Colorado | $45 |
| Connecticut | $49 |
| Delaware | $48 |
| Florida | $49 |
| Georgia | $46 |
| Hawaii | $46 |
| Idaho | $43 |
| Illinois | $49 |
| Indiana | $44 |
| Iowa | $43 |
| Kansas | $44 |
| Kentucky | $42 |
| Louisiana | $49 |
| Maine | $39 |
| Maryland | $43 |
| Massachusetts | $47 |
| Michigan | $43 |
| Minnesota | $42 |
| Mississippi | $45 |
| Missouri | $44 |
| Montana | $45 |
| Nebraska | $43 |
| Nevada | $51 |
| New Hampshire | $45 |
| New Jersey | $51 |
| New Mexico | $45 |
| New York | $52 |
| North Carolina | $39 |
| North Dakota | $39 |
| Ohio | $42 |
| Oklahoma | $41 |
| Oregon | $42 |
| Pennsylvania | $52 |
| Rhode Island | $49 |
| South Carolina | $46 |
| South Dakota | $42 |
| Tennessee | $44 |
| Texas | $45 |
| Utah | $43 |
| Vermont | $43 |
| Virginia | $41 |
| Washington | $51 |
| West Virginia | $47 |
| Wisconsin | $44 |
| Wyoming | $42 |
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.
Veterinary Business Insurance Cost for Workers’ Compensation Coverage by State
Your veterinary business's cost for workers' compensation varies by state. North Carolina offers the lowest rates at $17 monthly and Louisiana the highest at $23 monthly. Our analysis reveals how state regulations and claim histories create these differences.
| Alabama | $19 |
| Alaska | $18 |
| Arizona | $19 |
| Arkansas | $19 |
| California | $22 |
| Colorado | $19 |
| Connecticut | $21 |
| Delaware | $21 |
| Florida | $21 |
| Georgia | $20 |
| Hawaii | $21 |
| Idaho | $18 |
| Illinois | $21 |
| Indiana | $19 |
| Iowa | $19 |
| Kansas | $19 |
| Kentucky | $18 |
| Louisiana | $23 |
| Maine | $17 |
| Maryland | $18 |
| Massachusetts | $21 |
| Michigan | $18 |
| Minnesota | $18 |
| Mississippi | $20 |
| Missouri | $19 |
| Montana | $19 |
| Nebraska | $19 |
| Nevada | $22 |
| New Hampshire | $20 |
| New Jersey | $22 |
| New Mexico | $20 |
| New York | $23 |
| North Carolina | $17 |
| Oklahoma | $18 |
| Oregon | $18 |
| Pennsylvania | $22 |
| Rhode Island | $22 |
| South Carolina | $20 |
| South Dakota | $19 |
| Tennessee | $19 |
| Texas | $20 |
| Utah | $19 |
| Vermont | $19 |
| Virginia | $18 |
| West Virginia | $21 |
| Wisconsin | $19 |
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.
Veterinary Business Insurance Cost for Professional Liability Coverage by State
Your state affects veterinary cost for professional liability coverage, just like other insurance types. The national average is $116 monthly, with Maine offering the lowest rates at $99 for E&O insurance and New York the highest at $135 monthly.
| Alabama | $115 |
| Alaska | $104 |
| Arizona | $109 |
| Arkansas | $112 |
| California | $128 |
| Colorado | $116 |
| Connecticut | $125 |
| Delaware | $126 |
| Florida | $126 |
| Georgia | $118 |
| Hawaii | $121 |
| Idaho | $111 |
| Illinois | $128 |
| Indiana | $113 |
| Iowa | $110 |
| Kansas | $112 |
| Kentucky | $108 |
| Louisiana | $133 |
| Maine | $99 |
| Maryland | $111 |
| Massachusetts | $124 |
| Michigan | $112 |
| Minnesota | $109 |
| Mississippi | $118 |
| Missouri | $116 |
| Montana | $116 |
| Nebraska | $112 |
| Nevada | $131 |
| New Hampshire | $115 |
| New Jersey | $131 |
| New Mexico | $114 |
| New York | $135 |
| North Carolina | $100 |
| North Dakota | $101 |
| Ohio | $108 |
| Oklahoma | $106 |
| Oregon | $109 |
| Pennsylvania | $134 |
| Rhode Island | $126 |
| South Carolina | $119 |
| South Dakota | $107 |
| Tennessee | $113 |
| Texas | $118 |
| Utah | $109 |
| Vermont | $112 |
| Virginia | $105 |
| Washington | $130 |
| West Virginia | $122 |
| Wisconsin | $112 |
| Wyoming | $109 |
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.
Veterinary Business Insurance Cost for BOP Coverage by State
Business owners' policy rates show variation in veterinary insurance costs nationwide. Monthly premiums range from $58 in North Dakota to $78 in New York for comparable coverage.
| Alabama | $65 |
| Alaska | $58 |
| Arizona | $64 |
| Arkansas | $64 |
| California | $75 |
| Colorado | $67 |
| Connecticut | $72 |
| Delaware | $69 |
| Florida | $74 |
| Georgia | $67 |
| Hawaii | $68 |
| Idaho | $64 |
| Illinois | $72 |
| Indiana | $66 |
| Iowa | $65 |
| Kansas | $64 |
| Kentucky | $61 |
| Louisiana | $73 |
| Maine | $58 |
| Maryland | $64 |
| Massachusetts | $70 |
| Michigan | $64 |
| Minnesota | $63 |
| Mississippi | $67 |
| Missouri | $66 |
| Montana | $66 |
| Nebraska | $62 |
| Nevada | $75 |
| New Hampshire | $67 |
| New Jersey | $74 |
| New Mexico | $68 |
| New York | $78 |
| North Carolina | $58 |
| North Dakota | $58 |
| Ohio | $64 |
| Oklahoma | $61 |
| Oregon | $63 |
| Pennsylvania | $77 |
| Rhode Island | $73 |
| South Carolina | $69 |
| South Dakota | $61 |
| Tennessee | $65 |
| Texas | $66 |
| Utah | $64 |
| Vermont | $64 |
| Virginia | $61 |
| Washington | $75 |
| West Virginia | $70 |
| Wisconsin | $66 |
| Wyoming | $61 |
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 Veterinary Business Insurance Cost
Your veterinary business insurance costs are based on several factors that insurance companies review to set premiums. Understanding these elements helps with budget planning. Here's a detailed look at what influences your rates.
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.
Safety record and claims history
Previous claims impact future premiums, sometimes for three to five years. A single animal bite incident or staff injury can substantially increase your general liability rates at renewal.
Types of facilities
Your practice location type affects insurance costs. Emergency animal hospitals face higher liability risks than standard veterinary clinics. Facilities with boarding services or mobile veterinary units require extra coverage.
Employee count and payroll
Insurers calculate workers' comp premiums based on your total payroll and job classifications. Adding veterinarians, technicians and support staff increases your payroll costs, since insurers calculate your rates per dollar of wages paid.
Services offered
Different veterinary services carry varying risk levels. Basic wellness exams have lower liability exposure than complex surgeries or emergency procedures. Specialized services like equine care or exotic animal treatment can increase insurance costs.
Business size and revenue
Higher annual revenue typically means higher premiums since insurers view larger operations as having greater exposure to claims. A solo veterinarian earning $200,000 annually pays less than a multi-doctor practice with $2 million 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.
Equipment and vehicle values
Medical equipment like X-ray machines, surgical tools and diagnostic devices requires higher coverage limits, which increase premiums. Mobile veterinary practices also need additional vehicle coverage for specialized medical transport units.
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 Veterinary Business Insurance
Smart shopping and improved business practices can lower your veterinary business insurance costs significantly. These proven strategies help reduce premiums both now and as your practice develops better risk management.
- 1
Choose the right coverage types for your business
Understanding what types of business insurance your veterinary practice needs prevents overpaying for unnecessary coverage. Professional liability protects against malpractice claims, while property insurance covers expensive medical equipment. Workers' compensation is essential for staff safety, and general liability protects against customer injuries.
- 2
Shop multiple insurance companies
Insurance rates can vary significantly between providers for identical veterinary coverage. Request quotes from at least three companies to find the best rates. Consider working with an independent agent specializing in veterinary practices to handle comparisons.
- 3
Bundle your coverage types
Insurance providers offer substantial discounts for bundled policies. Combining professional liability, property insurance, and general liability with one carrier typically saves 10-25% compared to separate policies.
- 4
Increase your deductibles
Choosing higher deductibles reduces your monthly premiums. Consider your practice's financial stability when selecting deductible amounts, as you'll need to cover more costs before insurance kicks in.
- 5
Pay annually instead of monthly
Monthly payment processing fees can add up quickly. Paying your premium annually often saves around 10% and eliminates monthly administrative charges.
- 6
Review and adjust your coverage annually
Your veterinary practice's insurance needs change as your business grows. Review your policy yearly to ensure coverage matches your current operations, equipment value, and staff size.
Insurance for Veterinary Business Cost: Bottom Line
Veterinary business insurance costs range from $20 to $116 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.
Veterinary Business Insurance Cost: FAQ
Many veterinary business owners want to know about insurance costs before buying coverage. Here's what you need to know about common pricing questions.
What is the cheapest type of veterinary business insurance?
Workers' compensation insurance costs $20 monthly, making it the most affordable option. Most veterinary practices need general liability insurance ($45 monthly) to protect against customer injuries and property damage claims.
How much can I save by bundling my veterinary business insurance policies?
Bundling policies through a BOP offers the most cost-effective insurance solution, combining essential coverages at lower rates than purchasing separate policies.
What factors make my veterinary business insurance more expensive?
General liability insurance is the most budget-friendly option for veterinary businesses, with average monthly premiums starting at $45 per month or $540 annually.
Several factors can increase veterinary insurance costs, including poor claims history, high-risk procedures like surgeries, larger staff sizes, expensive medical equipment, emergency services and facility type.
Should I choose a $500 or $2,500 deductible for my veterinary business insurance?
A higher deductible ($2,500) lowers monthly premiums but requires more out-of-pocket costs when filing claims. Consider your available cash and claim frequency when deciding.
How much does workers' compensation cost for veterinary businesses by state?
Workers' compensation rates for veterinary businesses vary by location, from $17 monthly in North Carolina to $23 monthly in Louisiana, with costs influenced by state regulations and risk factors.
Is business owner's policy (BOP) worth the extra cost for veterinary companies?
A business owner's policy costs $67 per month on average for veterinary companies and combines multiple essential coverages. This bundled approach offers more value than purchasing individual policies separately.
How often should I shop around for veterinary business insurance quotes?
Review your veterinary business insurance annually during renewal. Compare at least three providers to find better rates, particularly if your practice has grown or added new services.
How We Determined Veterinary Business Insurance Costs
We collected veterinary 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 veterinary 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 veterinary 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.