Business insurance, 2026

Three policies new owners ask about

Starting prices are for low-risk businesses. Your quote depends on your trade, payroll and state.

$19/mo: General or professional liability, for some low-risk businesses
$14/mo: Workers' comp, for some low-risk businesses

NEXT Insurance, read Oct 2, 2026. See source

Compare the policies Workers' comp rules

On this page

Key facts
Where to start
The three policies
Starting prices, as published
See coverage on the insurer's site
What changes a quote
Insurance questions
Sources

Key facts

General liability covers claims like a customer's injury or damage to a client's property; from $19 a month for some low-risk businesses¹.
Professional liability covers claims that your work caused a client a loss; from $19 a month².
Workers' comp rules are set by each state; from $14 a month for some low-risk businesses³.

Where to start

Where to start
If you are asking	Start with	Link
Customers visit you, or you visit them?	General liability	Compare
Selling advice or a service?	Professional liability	Compare
Hiring your first employee?	Check your state's workers' comp rule	See the rules

The three policies

General liability covers claims like a customer's slip-and-fall injury or damage to a client's property. NEXT Insurance says it starts at $19 per month for some low-risk businesses¹.

Professional liability covers claims that your advice or service caused a client a loss. NEXT lists it from $19 per month for some low-risk businesses².

Workers' compensation covers employees' work injuries. Each state sets its own rules. NEXT says Colorado and Idaho require it once you hire one employee, Alabama and Mississippi at five or more, Kansas once gross annual payroll exceeds $20,000, Texas lets most private employers opt out, and South Dakota does not mandate it. NEXT lists it from $14 per month for some low-risk businesses³.

Starting prices, as published

Policy	Covers	Starts at
General liability¹	Third-party injury and property damage claims	$19 a month (some low-risk businesses)
Professional liability²	Claims about your professional work	$19 a month (some low-risk businesses)
Workers' compensation³	Employee work injuries	$14 a month (some low-risk businesses)

Read October 2, 2026, from NEXT Insurance's pages. Starting prices are not quotes. FormationFile is not an insurer or broker.

See coverage on the insurer's site

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Good for quoting the three common policies online

NEXT Insurance

Policies: General, professional, workers' comp
General liability insurance: From $19/mo for some low-risk businesses
Professional liability insurance: From $19/mo for some low-risk businesses
Workers' compensation insurance: From $14/mo for some low-risk businesses
Checked: Oct 2, 2026

See coverage on NEXT

Also on NEXT Insurance's site

What to check first

What your trade and state change in the quote
Limits and deductible on the policy
Whether your state requires workers' comp

What changes a quote

Your trade
Starting prices apply only to some low-risk businesses.
Payroll and staff
Workers' comp depends on employees and payroll.
Your state
Each state sets its own workers' comp rules³.

Insurance questions

Do I need workers' comp with one employee?

It depends on the state. NEXT says Colorado and Idaho require it from the first employee, Alabama and Mississippi at five or more³.

Is a starting price a quote?

No. It applies to some low-risk businesses. Your trade, payroll and state set the real price.

Sources

General Liability insuranceNEXT Insurance, read Oct 2, 2026
Professional Liability insuranceNEXT Insurance, read Oct 2, 2026
Workers' Compensation insuranceNEXT Insurance, read Oct 2, 2026

About this page

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FormationFile is not a law firm, accountant, insurer or broker, and nothing here is legal, tax or insurance advice. We do not file anything for you and do not refer you to lawyers.

Prices and state fees are what the named source published on the date we read it. The state's own filing office and the provider's own page are the final word on fees and terms.