average insurance costs for small business
Average business insurance costs for E & O coverage for small firms is typically in the range of $1,000 to $3,000 annually per million dollars of coverage.There are many ways to package policies, get discounts, and reduce your business insurance costs.our property insurance alone may cost you a quarter of a million a year if you have big risks â such as a professional sports arena. You may pay $500 per year as a small business owner, or over $500,000 per year as a major corporation. Every company is unique.