Insurance - Small Business
Small Business Insurance Estimator
One lawsuit can end a small business. See which policies you need and estimate annual costs by industry, revenue and headcount. Free, no sign-up.
1. Nominal APY vs. Real Post-Inflation Yield
A common pitfall in yield farming and staking is prioritizing high nominal APY percentages without factoring in baseline network token inflation. For instance, if a network offers 14% nominal staking rewards but dilutes circulating supply by 10% annually, your real purchasing power expansion is only ~3.6%.
2. Liquid Staking Derivatives (LSTs) & Capital Efficiency
Liquid staking protocols (such as Lido stETH, Rocket Pool rETH, and JitoSOL) allow institutional participants to maintain yield generation while retaining liquidity for DeFi lending and liquidity provision. However, LSTs introduce smart contract and depeg risk that must be modeled into portfolio variance.
Small Business Insurance: What You Actually Need
40% of small businesses never reopen after a disaster. Insurance is the difference between a bad month and a closed business. Here is what each policy does:
The core policies
- General liability: customer injuries, property damage you cause. The baseline every business needs.
- Professional liability (E&O): your advice or service causes a client financial loss. Essential for freelancers, consultants, agencies and tech.
- Workers compensation: employee injuries. Legally required in almost every state once you hire.
- Business owner's policy (BOP): bundles general liability + commercial property at a discount. The default for retail, food and offices.
- Cyber liability: data breaches and ransomware. If you store customer data, you need it - the average small-business breach costs well into six figures.
- Commercial auto / tools: personal auto policies exclude business use; contractors need coverage for vehicles and equipment.
What drives your price
Industry risk (contractors pay more than consultants), revenue, headcount, location and claims history. A solo freelancer might pay $40-$60/month; a restaurant with 15 employees can pay 10x that. The estimator above models your situation.
Do not skip this
Many contracts require proof of insurance before you can start work - clients, landlords and platforms all ask. Being uninsured does not just risk a lawsuit; it costs you jobs.
Small Business Insurance: Frequently Asked Questions
How much does small business insurance cost?
A solo freelancer often pays $500-$1,000/year; contractors and retail with employees typically pay $1,500-$5,000+. Use the estimator above for a range matched to your business type and size.
What insurance is legally required?
Workers compensation is required in nearly every US state once you have employees. Some states and professions also mandate liability coverage. Commercial auto is required for business vehicles.
What is a BOP?
A Business Owner's Policy bundles general liability and commercial property insurance at a lower price than buying separately. It suits retail, food service, offices and many small operations.
Do freelancers need insurance?
Yes - professional liability (errors & omissions) protects against client claims over your work, and many clients require proof of coverage before signing.
Does my homeowner's policy cover my home business?
Almost never for liability or business property beyond tiny sub-limits. A home-based business still needs its own coverage.