Plan protection budgets before renewing or purchasing. Adjust deductibles and limits to balance cost smartly. See coverage mix, risks, and savings in one view.
| Industry | Revenue | Payroll | Property Value | Coverages | Estimated Annual Premium |
|---|---|---|---|---|---|
| Retail | $250,000 | $180,000 | $150,000 | GL + Property + Cyber | $3,100 – $3,900 |
| Restaurant | $600,000 | $320,000 | $220,000 | GL + Property + WC + BI | $9,200 – $12,400 |
| Office Services | $400,000 | $260,000 | $0 | GL + Professional + Cyber | $2,400 – $3,400 |
Each coverage is estimated with a base exposure rate multiplied by rating factors:
Insurance pricing starts with exposure measures such as revenue, payroll, property value, vehicles, and stored records. In the model, liability and cyber premiums scale per $1,000 of revenue, workers’ compensation scales per $100 of payroll, and property scales per $1,000 of insured value. Industry, location risk, claims, and tenure then apply multiplicative factors, so the same exposures can produce materially different totals.
Small firms often begin with general liability and property, then add professional, cyber, or workers’ compensation as contracts require. In many portfolios, liability can represent 25–45% of annual cost, property 15–35%, and workers’ compensation 20–50% depending on payroll intensity. Use the breakdown table to see which line dominates and focus optimization on that coverage first.
Higher limits increase premiums through a limit factor, while higher deductibles reduce premiums through a deductible factor. For example, moving from a $500k to $1m liability limit can add roughly 10–15% to that line, while increasing a deductible from $1,000 to $2,500 may lower that line by about 5–8%. Scenario testing helps identify a cost-efficient balance.
Controls reduce expected frequency or severity, so the calculator applies credits for training, security, suppression systems, and cyber hygiene. Credits are stacked but capped to keep results realistic. Bundling multiple lines also adds a small administrative discount. When you improve controls, compare both the premium change and the risk score change; those movements should align.
The displayed annual range widens as the risk score increases. Higher-risk industries, high-risk locations, recent claims, and very new businesses typically produce a broader range because underwriting uncertainty is higher. Use the range when planning cash flow, and treat the midpoint as a comparative benchmark across limit and deductible options rather than a guaranteed price. Document assumptions, keep inputs consistent, and update figures quarterly as revenue and payroll change materially.
Revenue drives liability and cyber lines, payroll drives workers’ compensation, and property value drives property coverage. Claims history, industry, and location risk then amplify or reduce each line through rating factors.
The model widens the range as the risk score increases. Higher industry risk, high-risk locations, recent claims, and very new businesses raise uncertainty, so the low–high band expands around the net annual estimate.
Workers’ compensation benefits relate to wages and job class exposure. Payroll better reflects hours worked and injury potential than sales, so the calculator rates WC per $100 of payroll with stronger industry sensitivity.
Selected controls apply credits that stack but are capped to 12%. If you select multiple controls plus bundling, the combined discount is capped at 15% to keep estimates conservative.
Add umbrella coverage when contracts require higher limits, you have meaningful customer foot traffic, or you use vehicles. Umbrella typically sits over liability and auto, providing extra limit at a relatively low incremental cost.
No. It’s a planning estimate designed for scenario comparisons. Actual quotes depend on underwriting details such as loss runs, class codes, building construction, safety programs, and carrier appetite.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.