Costs vary based on business size and risk.

Premiums depend on factors like the type of business, coverage limits, industry, and claims history. On average, premiums range from $500 to $2,500 annually per $1 million in coverage.

A small retail store paid $1,000 annually for $2 million in umbrella coverage.

Shop around and work with a local insurance broker to find a policy that fits your budget and needs.