How much does catering insurance cost?

Caterers typically pay about $70 per month for a business owner’s policy (BOP), or a median annual premium of $845. The median value eliminates high and low outliers, providing better representation of typical catering insurance costs than the average value.

A business owner’s policy bundles general liability insurance with property insurance, usually at a discounted rate. Pricing is determined by your company’s location, operations, and value of business property. High-value equipment generally leads to higher premiums. This policy may also include business interruption insurance.

Median cost per year: $845
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

The median cost of workers’ compensation insurance for a catering business is about $90 per month, or $1,070 annually. The cost of a policy varies significantly depending on the state and your business operations.

Workers’ compensation is required in almost every state for catering businesses with employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects caterers against lawsuits related to workplace injuries.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

Caterers pay a median premium of less than $40 per month, or $465 annually, for general liability insurance. This policy protects catering businesses against customer injuries and customer property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend purchasing a business owner’s policy, which bundles general liability insurance with commercial property insurance at a discounted rate. A BOP protects your catering equipment along with covering common business risks.

Median cost per year: $465
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

The median cost of commercial auto insurance is about $80 per month for caterers, or $950 annually. This policy can pay expenses related to injuries and property damage if someone driving your catering vehicle is held liable for an accident. It also covers vehicle theft, vandalism, and damage caused by weather.

Median cost per year: $950
Policy limit: $1 million

Learn how coverage limits and other factors affect the cost of this policy on Insureon's commercial auto insurance cost analysis page.