It is difficult to say exactly what percentage of a company’s revenue typically goes to business insurance, as this can vary widely depending on several factors, such as the size and type of the company, the coverage it has, and the specific insurance provider.
In general, small businesses can expect to pay anywhere from 1% to 5% of their annual revenue for business insurance. However, this is just a general guideline, and the actual percentage can vary greatly depending on the factors mentioned above. It’s always a good idea to shop around and compare quotes from different insurance providers to find the best rate for your business.
Why Fortis?
As an independent insurance agency invested in and committed to improving the customer experience, Fortis Insurance Partners is making it quick, easy, and affordable to get the right insurance coverage.
The information on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
