Quote Inputs
How to use this calculator
- Choose your currency, coverage focus, and industry class.
- Enter revenue, payroll, employees, and years in business.
- Select limits, deductible, location risk, and claims history.
- Add optional coverages if you want a broader estimate.
- Set taxes and fees to match your expected region.
- Click Calculate Quote to see results above the form.
Formula used
This estimator uses a rate-and-factor model. It starts with a base rate and an exposure index, then multiplies by underwriting factors and adds optional coverages, fees, and taxes.
Base Premium = Base Rate × Exposure Index × (1 + min(0.35, Employees / 250))
Premium Before Add-ons = Base Premium × Industry × Limit × Deductible × Location × Claims × Years × Prior × Safety × Traffic × Ops × Records
Annual Premium = (Premium Before Add-ons + Add-ons + Fees) × (1 + Tax Rate)
Monthly (Installments) = Annual Premium × (1 + Installment Fee) ÷ 12
Factors are simplified and for planning only. Real pricing depends on underwriting, carrier filings, and policy terms.
Example data table
| Scenario | Industry | Revenue | Payroll | Employees | Limit | Deductible | Claims | Estimated annual premium |
|---|---|---|---|---|---|---|---|---|
| Consulting office | Office / Consulting | $300,000 | $180,000 | 6 | $1,000,000 | $1,000 | 0 | $1,050 – $1,320 |
| Retail storefront | Retail | $650,000 | $260,000 | 14 | $2,000,000 | $500 | 1 | $3,650 – $4,550 |
| Small contractor | Construction / Trades | $900,000 | $520,000 | 18 | $2,000,000 | $2,500 | 2 | $9,800 – $12,600 |
Values are illustrative examples for planning and comparison.
Notes and limitations
- This tool provides an estimate, not a bindable quote.
- Carrier rules, endorsements, and classification details can change results.
- Use it to compare scenarios and choose sensible limits and deductibles.
Exposure inputs
The estimate begins with an exposure index that scales with operations size. Revenue is weighted at 60% and payroll at 40%, each divided by 100,000. If revenue rises from 250,000 to 500,000, the revenue contribution moves from 1.50 to 3.00, increasing the index by 1.50 before employee scaling is applied. Employees add up to 35% using (1 + min(0.35, employees/250)); 25 employees adds about 10%, and 75 adds about 30%.
Limit and deductible multipliers
Limits and deductibles apply direct multipliers to the premium. The occurrence limit factor ranges from 0.70 at 100,000 to 2.40 at 5,000,000. Deductible factors range from 1.15 at 0 to 0.65 at 10,000. Choosing 2,500 instead of 500 applies 0.85, reducing the estimate while keeping more loss risk.
Claims and business age
Claims history drives strong loadings: 0 claims uses 0.95, 1 claim uses 1.15, 2 claims uses 1.35, and 3+ uses 1.60. Business age moderates uncertainty. Startups use 1.25, years 1–3 use 1.10, years 4–10 use 1.00, and 11+ years use 0.92. Prior coverage adds a small credit.
Add-ons and fees
Optional coverages apply percentage loads to the pre add-on premium and enforce minimums. Cyber adds 30% with a 180 minimum; professional adds 35% with a 220 minimum; product adds 25% with a 200 minimum; employer adds 15% with a 120 minimum; umbrella adds 20% with a 150 minimum. Fees and taxes are then added to produce the annual total. Use add-ons when contract terms require them, and verify whether separate policies already address the same exposure for you.
Using the charts
The gauge summarizes risk from the selected drivers. The component chart separates base premium, multiplier uplift, add-ons, fees, and taxes. The limit sensitivity line shows how annual cost changes as you move between limits while holding other inputs constant. If you select monthly installments, the model applies the service charge to the annual premium, then divides by twelve. Compare the monthly figure to cash flow, but budget from the annual total.
FAQs
1) Is this a real insurance quote?
No. It is a planning estimate based on a factor model. Actual quotes depend on carrier rules, class codes, underwriting, loss runs, location details, and policy endorsements.
2) Which inputs usually change the result most?
Industry class, claims count, limits, and deductible typically drive the largest swings. Revenue and payroll set the exposure baseline, while add-ons and taxes increase the final total.
3) Why does a higher deductible lower the estimate?
A higher deductible shifts more loss cost to the insured, reducing expected insurer payouts. The model reflects this with a lower deductible factor, which decreases the premium estimate.
4) How should I use the limit sensitivity chart?
It shows the estimated annual premium across limit options while holding other inputs constant. Use it to compare the incremental cost of higher limits and pick a level aligned with your risk tolerance.
5) Do add-ons replace the primary coverage focus?
No. The primary coverage focus sets the base pricing reference. Add-ons layer additional cost on top and may include minimum premiums, so they can change totals even for small businesses.
6) Can I export results for clients or internal review?
Yes. Run a calculation, then use Download CSV for data tables and Download PDF for a printable snapshot of the results, charts, and breakdown.