How much does business insurance cost for wholesalers and distributors?

Wholesalers pay a median premium of $45 per month, or $542 per year, for general liability insurance. This policy provides financial protection for third-party bodily injuries and property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend a business owner’s policy (BOP) over a standalone general liability policy. A BOP combines general liability insurance with commercial property insurance to protect your warehouse or other business property, and costs less than purchasing each policy separately.

Among wholesalers that purchase general liability with Insureon, 15% pay less than $400 per year and 56% pay between $400 and $800 per year.

The size of your business and the amount of foot traffic in your warehouse can affect the cost of this policy.

Policy limits determine how much your insurer will pay on covered claims. The per-occurrence limit is the maximum your insurer will pay for a single incident, while the aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.

Most wholesalers (93%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small business grows, you may need to expand your policy limits.

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

To meet your state’s requirements and avoid penalties, wholesalers that have employees typically must purchase workers’ compensation insurance. Sole proprietors may also decide to purchase coverage to protect against work injury costs, which health insurance could exclude.

Workers' comp helps cover medical bills and partial lost wages when an employee suffers a work-related injury or illness. The median premium for wholesaler distributors is $122 per month, or $1,465 per year.

Among wholesalers that purchase workers’ comp insurance with Insureon, 33% pay less than $1,000 per year and 25% pay between $1,000 and $2,000 per year.

Wholesalers with more employees can expect to pay more for workers’ compensation.

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

Wholesalers pay a median premium of about $110 per month, or $1,325 per year, for a business owner’s policy. This policy combines general liability insurance with commercial property insurance, typically at a lower rate than if the policies were purchased separately.

A BOP provides financial protection against third-party injuries and property damage, along with damage to your own business property. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.

Among wholesalers that purchase a business owner’s policy with Insureon, 36% pay less than $1,000 per year and 35% pay between $1,000 and $2,000 per year.

The value of your business property drives the cost of a BOP.

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.

Wholesalers pay a median premium of less than $30 per month, or $339 annually, for commercial auto insurance.

Commercial auto insurance is a requirement for wholesale businesses that own vehicles, such as a delivery truck. Personal vehicles used for business purposes may also need coverage beyond your personal auto policy.

Among wholesalers that purchase commercial auto insurance with Insureon, 60% pay less than $400 per year. The vehicles' value and how often they are driven affects the premium.

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

Small business owners pay a median premium of $140 per month, or $1,675 annually, for cyber liability insurance.

Cyber liability insurance helps wholesalers recover financially from cyberattacks and data breaches. It's strongly recommended for any small business that handles credit card numbers or other personal information.

Among small businesses that purchase cyber liability insurance with Insureon, 27% pay less than $1,000 per year. Your premium depends on the amount of sensitive data handled by your company, along with other factors.

Learn how coverage limits and other factors impact the cost of this policy on Insureon's cyber liability insurance cost analysis page.