Estimate business insurance costs for GL, E&O, D&O, cyber, and workers comp by industry and revenue with coverage checklist.
This estimator provides planning figures for general liability, errors and omissions, directors and officers, cyber, and workers compensation insurance. It uses the business's industry and revenue to frame the estimates, then pairs them with a coverage checklist. The result is useful for initial budgeting and broker conversations, not as a premium quote. A common surprise is that workers compensation pricing cannot be determined reliably from revenue alone; payroll, job classifications, location, and claims history can materially affect the actual cost.
Choose the business's industry and enter its revenue, then review the cost indication for each named policy type. Industry represents differences in operating exposure, while revenue provides a common measure of business scale. Treat GL, E&O, D&O, cyber, and workers comp separately because they address different risks. Do not total every line unless each policy is relevant to the business.
Use the checklist to connect policies with exposures: third-party injury or property claims for GL, professional-service allegations for E&O, management claims for D&O, data incidents for cyber, and employee job injuries for workers comp. The checklist identifies topics to discuss with an insurer or broker. It does not establish legal compliance, confirm eligibility, or describe every exclusion.
No. It considers five common lines, but a business may also need commercial property, business interruption, product liability, employment practices, commercial auto, crime, inland marine, umbrella, or specialized coverage. Requirements depend on operations, assets, employees, contracts, and jurisdiction. Use the checklist as a starting point, then confirm the coverage set with a qualified insurance professional.
No. The estimate is suitable for preliminary budgeting only. An insurer may ask about payroll, employee duties, locations, prior claims, security controls, professional services, ownership, requested limits, and deductibles before offering terms. A broker or insurer must evaluate those details to produce an actual quote, and the resulting premium may differ substantially from the estimate.
The behavioral notes were checked against the browser implementation. Standards and primary references below define the relevant format, formula, or platform behavior.
Calculate gross, operating, and net profit margins from cost and revenue with breakeven analysis.
Convert between annual salary and hourly rate with adjustments for work hours, overtime, and benefits.
Calculate sales tax amounts, tax-inclusive and tax-exclusive prices for any tax rate or jurisdiction.
Calculate return on investment from initial cost and final value with annualized ROI and comparison tables.
Convert between markup and margin percentages, calculate selling price, and compare pricing strategies.
Convert numeric amounts to written words for invoices, checks, and legal documents in multiple currencies.