The cost of insurance for a small business varies widely depending on your industry sector, location, payroll size, and chosen coverage limits, but most small businesses pay between $500 and $2,000 per year (or roughly $40 to $150 monthly) for a standard general liability policy or a bundled Business Owner's Policy (BOP). High-risk sectors such as construction or medical services face higher premiums, while home-based consultants pay lower baseline rates.
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