Business Insurance Cost Analysis
175,000 businesses served since 1997
800.688.1984
 • 
8am-5:30pm CST • Monday - Friday
Speak now with an
insurance advisor.

Business Insurance Cost Analysis
How Much Does Business Umbrella Insurance Cost?

We analyzed a representative sample of approximately 15,000 of the small business insurance policies we sold in 2014 to determine the average cost of Umbrella Insurance for small businesses (1-10 employees). Across all small business industry categories, the average annual cost for a $1M Umbrella policy is $692.30, with a median cost of $404.00.

Pricing Depends on Industry

For most small business owners, the price is approximately $400 per million in coverage. But remember, Umbrella Insurance is extra coverage on your existing General Liability, Hired and Non-owned Auto Liability, and Employer's Liability Insurance policies, so the price can vary based on your industry and other factors, just like your other policies.

For example, companies in the Construction & Contracting, Professional Design (Architects & Engineers) or Professional Installation industries typically pay a little over $1000 per million in coverage.

Dig Deeper into Insurance Costs

Insurance costs vary greatly based on the type of insurance a business buys. Learn more about how much each of these insurance policies costs for small businesses.

Business Insurance Cost Analysis Home

To get a more nuanced view of what Professional Liability Insurance costs for businesses in the your industry, take a look at these cost analysis pages by industry. (Don't see your industry? Check back in a few weeks — we're in the process of adding more!)

Customer Reviews
Rated 4.9 out of 5 Stars

"Amazing customer service, loved that I could do everything via email. Nothing better than that."

"Excellent and responsive service. My agent was out when I called but another person jumped right in and took care of the policy."

Read more reviews...
Insurance Resources

Insureon Blog

Stay in the loop about how insurance is affecting small businesses around the country.

ISBI

Get the latest insurance research and other useful tools from the Insureon Small Business Institute.

Sample Certificate

See a Certificate of Liability Insurance, a one-page proof of coverage.

Videos

Short video guides to basic insurance topics.