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Greg Said:

how much does a small business insurance cost?

We Answered:

way too many variables - the type of business, the location, the value, etc. You have to call a few insurance agents and get quotes.

Tom Said:

cost of small business insurance?

We Answered:

You can't buy it by month, you buy it by year. What's your claims history like? And do you have three years of prior insurance?

The workers comp is probably going to run you 10% to 15% of payroll. Whatever that is. The liability, well, that's going to be a problem - with 32 workers, you're averaging $12,500 per employee - so you've got a serious cash flow problem here. I'm assuming they're all part timers, but that's A LOT of part timers.

No one is going to sell you a monthly policy - they sell by the year. They MIGHT let you pay by the month, but you'd still have to put 25% down.

I'd guess the liabiltiy - depending on where you live, IF you have 3 years insurance history with no claims, to run about $20,000. But it's a WAG - wild a** guess, pulled out of the air.

THEN, you have to consider the commercial auto coverage, and equipment coverage. Which I have NO way of knowing, how many trucks you have, and the value of your equipment. Figure, $2,000 per truck, if you have no drivers under 25 and no claims, and 5% for the property.