Business insurance costs typically range from $500 to $3,000 per year for a small business general liability policy. Property insurance adds $500-$2,000, and workers' comp varies by payroll. Factors like industry risk, revenue, and location heavily influence premiums.
| Item | Typical range |
|---|---|
| Annual premium (small business) | $500 - $3,000 |
| General liability per $1M coverage | $400 - $1,200 |
| Workers' comp per $100 payroll | $0.75 - $2.50 |
| Professional liability (errors & omissions) | $1,000 - $3,000 |
Key Coverage Types and Their Costs
General liability for a low-risk office might cost $500-$1,000 annually, while a construction business could pay $2,000-$4,000. Commercial property insurance averages $1,000-$3,000 per year for small offices.
Factors That Determine Your Premium
Industry classification, annual revenue, number of employees, and claims history all affect pricing. A restaurant with liquor sales may pay $2,500-$5,000 for general liability, while a consulting firm might pay $600-$1,200.
How to Reduce Insurance Costs
Bundling policies with one carrier can save 10-20% on premiums. Raising deductibles from $500 to $1,000 may reduce annual costs by $200-$500. Implementing safety training can also lower workers' comp rates.
What moves the price in Longueuil, Quebec
Industry risk and coverage limits affect premium. Local quotes reflect the items below, so two providers can quote different totals for the same described job without either being wrong.
- Local labour rates and licensing requirements for the trade or professional involved
- Permits, inspections and disposal fees set by the local authority
- Travel and call-out charges for the distance from the nearest provider
- Season and demand peaks, which move both the price and the wait
- Materials, parts or inputs, and how their grade or availability changes the total
- Whether the work is a repair, a partial job or a full replacement
How to compare business insurance quotes in Longueuil, Quebec
Write the scope down first, then send the same description to at least three local providers. Compare the quotes line by line against that scope rather than by the headline total.
- Agree the scope: exactly what is being repaired, replaced or supplied, and how far the work extends.
- List the inclusions: labour, materials, permits, inspection fees, disposal and clean-up, each stated separately.
- Ask what is excluded, and what would trigger an extra charge once the work starts.
- Check timing: how soon work can start, how long it takes, and whether out-of-hours rates apply.
- Confirm terms: deposit, payment schedule, warranty on parts and labour, and how changes are priced.
A lower total that leaves out permits, disposal or a necessary second stage is not cheaper once those items are added back. Ask each provider in writing what would change the price.
This page does not quote work and is not a contractor. The range above is an estimate, not an offer.
Common questions
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