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Willie Said:

How much would business insurance cost for a large business in Texas?

We Answered:

A regular Business liability (slip and fall) will run you about 5,000 per year.

Terri Said:

Cost of business Insurance in Metro Phoenix AZ?

We Answered:

First off, I would STRONGLY recommend higher limits than 100/300. I'm not even sure those limits would be available for your type of business. I would definitely recommend 1,000,000 / 2,000,000 limits for the General Liability. Think about it, if someone dies because your people failed to act, or acted negligently, is $100,000 going to be enough to pay off a grieving widow or some poor person's family?

Security business are a high risk so your agent would need to approach a non-standard market which generally means a lot less competition. In your case, as a new venture, you'll likely only be able to find one or two proposals to get started.

To give you even a ballpark, we would AT LEAST need to know how many employees you plan to have for the first year. Depending on the General Liability company, your premium will be based on either your estimated Gross Receipts or your estimated payroll. The Workers Compensation premium will be based on your payroll.

Good luck to you!

Brian Said:

How much, generally speaking, should small business insurance cost?

We Answered:

That ENTIRELIY depends on the product. If it's completely harmless, like widgets, it should start at around $2500. If you manufacture airplane parts, it could be $100,000.

Sorry, too vague! You'll have to get a "real" quote from an agent, and probably fill out some product liability applications.