Small Business Insurance Costs Murray Utah: What You Need to Know in 2025
As a small business owner, you juggle multiple responsibilities—from customer service and product development to employee management and budgeting. One critical but often overlooked aspect of running a successful business is business insurance. And one of the most common concerns among entrepreneurs is: How much does small business insurance cost?
In this comprehensive guide, we’ll break down the factors influencing small business insurance costs, average pricing in 2025, different types of insurance coverage, and tips for reducing premiums. We’ll also explain why Pacific Insurance, Inc. is the go-to provider for small business insurance solutions.
What Is Small Business Insurance?
Small business insurance refers to a bundle of policies that protect business owners from potential risks such as property damage, legal liabilities, employee-related risks, and loss of income. These insurance policies act as a financial safety net, allowing your business to operate smoothly even when unexpected events occur.
Why Small Business Insurance Matters
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Legal Compliance: Most states require certain types of insurance like workers’ compensation or commercial auto.
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Financial Protection: Covers costs associated with lawsuits, accidents, and natural disasters.
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Credibility: Shows customers and partners that your business is legitimate and responsible.
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Employee Retention: Offers protection that attracts and retains top talent.
Factors That Affect Small Business Insurance Costs
The cost of small business insurance can vary significantly depending on the following factors:
1. Industry Type
Risky industries like construction, manufacturing, and healthcare typically face higher premiums due to a greater likelihood of claims. In contrast, a freelance consultant or small boutique may pay considerably less.
2. Business Size and Revenue
Insurance providers assess your revenue, number of employees, and payroll. Larger businesses with higher revenue typically pay more due to increased exposure.
3. Coverage Needs
The type and amount of coverage your business requires will directly affect your premiums. More comprehensive coverage means higher costs.
4. Location
Local laws, crime rates, and weather risks in your area play a role in determining your rates. Businesses in urban areas or regions prone to hurricanes or wildfires may face higher costs.
5. Claims History
Businesses with a history of multiple insurance claims may be viewed as high-risk and will likely see higher premiums.
6. Deductibles and Policy Limits
Higher deductibles can lower your premium, while higher policy limits will increase it. Finding the right balance is key.
Types of Small Business Insurance and Their Average Costs in 2025
Here are the most common types of small business insurance and what they typically cost in 2025:
1. General Liability Insurance
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Purpose: Covers third-party bodily injury, property damage, and legal fees.
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Average Cost: $30–$60 per month or $400–$800 per year.
2. Commercial Property Insurance
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Purpose: Protects your building, inventory, and equipment from fire, theft, and natural disasters.
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Average Cost: $75–$120 per month or $900–$1,500 per year.
3. Business Owner’s Policy (BOP)
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Purpose: Bundles general liability and commercial property insurance at a lower rate.
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Average Cost: $90–$150 per month or $1,200–$2,000 per year.
4. Workers’ Compensation Insurance
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Purpose: Covers medical expenses and lost wages for employees injured on the job.
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Average Cost: Varies by industry and state but typically $1.00–$2.00 per $100 in payroll.
5. Professional Liability Insurance
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Purpose: Protects service-based businesses from negligence claims or mistakes.
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Average Cost: $60–$100 per month or $700–$1,200 per year.
6. Commercial Auto Insurance
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Purpose: Covers vehicles used for business purposes.
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Average Cost: $120–$175 per month or $1,400–$2,000 per year.
7. Cyber Liability Insurance
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Purpose: Protects against data breaches and cyberattacks.
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Average Cost: $100–$200 per month or $1,200–$2,500 per year.
8. Employment Practices Liability Insurance (EPLI)
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Purpose: Covers legal costs related to employee claims like discrimination or harassment.
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Average Cost: $800–$3,000 annually depending on company size and risk profile.
How to Reduce Small Business Insurance Costs
Here are practical ways to minimize your premium without compromising on protection:
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Bundle Policies – Opt for a BOP to get essential coverage at a discount.
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Raise Your Deductible – If you can afford a higher out-of-pocket cost, your premium may decrease.
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Mitigate Risk – Install security systems, implement safety training, and maintain a clean claims history.
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Review Annually – Your insurance needs may change as your business grows.
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Work with Independent Agents – They compare quotes from multiple insurers to find the best deal for your needs.
Why Choose Pacific Insurance, Inc. for Your Small Business Insurance?
When it comes to protecting your livelihood, experience, reliability, and personalized service make all the difference. That’s where Pacific Insurance, Inc. stands out.
✅ 1. Tailored Coverage
Pacific Insurance, Inc. understands that no two small businesses are alike. Whether you run a bakery, tech startup, or construction company, they create custom insurance packages that fit your unique risks.
✅ 2. Expert Guidance
With decades of industry knowledge, their agents simplify the complex—helping you understand what each policy covers and why you need it. No jargon. Just clear, honest advice.
✅ 3. Affordable Rates
Thanks to strong relationships with top-tier insurance carriers, Pacific Insurance offers competitive pricing without sacrificing quality or coverage.
✅ 4. Local Support
Headquartered in Utah, Pacific Insurance is deeply rooted in the community. When you call, you speak with someone who understands local laws, risks, and your business environment.
✅ 5. Fast Claims Assistance
In times of crisis, every minute counts. Pacific Insurance, Inc. provides quick and responsive claims service, ensuring your business gets back on its feet fast.
Real Business. Real Protection.
Running a business comes with enough challenges—insurance shouldn’t be one of them. Whether you’re launching your first venture or scaling an existing company, getting the right insurance protection is one of the smartest moves you can make.
And when you’re ready to make that move, Pacific Insurance, Inc. is here to help.
📞 Ready to Get a Quote?
Call Pacific Insurance, Inc. today at (801) 561-5550 or visit to speak with a small business insurance expert.
Don’t wait until disaster strikes—protect your business today.
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