Business Insurance Calculator
Calculate how much business insurance you need for your company with our comprehensive calculator. Determine coverage costs, premiums, and liability estimates based on your business specifications.
Step 1: Business Details
Understanding Risk Factors
Different business types have varying insurance risk levels. Construction businesses typically have higher premiums than office-based businesses due to greater liability exposure.
Step 2: Coverage & Cost
About Premium Factors
Insurance premiums are calculated based on revenue, business type risk, number of employees, coverage limits, and deductibles. Higher deductibles typically lower annual premiums.
Insurance Premium Results
Estimated Annual Premium
Coverage Type Cost Comparison
| Coverage Type | Rate per $1,000 | Annual Premium | Total Coverage |
|---|
Premium Breakdown
Premium Calculation Formula
Annual Premium = (Annual Revenue ÷ 1,000) × Coverage Rate × Risk Factor
To calculate annual premium: Divide annual revenue by 1,000, multiply by the coverage rate per $1,000, then multiply by the business type risk factor.
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