It's not uncommon for SMBs to pay just a few hundred dollars per year for a BOP, but it's important to keep in mind that every business is unique in some way, and your insurance premium is calculated based on not only the types of coverages that you need, but also your company's risk profile. Here are some of the factors that underwriters consider when determining your BOP insurance cost:
Type of business
Location
Replacement cost or actual cash value of the building and other assets
Number of employees
Payroll paid to employees
Gross sales
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