How Much Is Business Insurance
for Stock Brokers?

As a stock broker or trader, you know that financial planning is all about identifying risks and managing them. It only makes sense that you'd invest in insurance that protects your business from some of its most significant financial risks: third-party lawsuits, property loss, and workplace liability.

To help you budget your coverage, let's look at what the typical business owner pays for stocker broker insurance through insureon.

Note: The following sample insurance quotes are only estimates. Your actual costs may vary.

HOW MUCH IS
General Liability Insurance?

What Does General Liability Insurance Cost?

Do stock brokers need General Liability Insurance? GL insurance is often required in your office leases and other basic business contracts because it'll pay for third-party lawsuits if you damage a landlord's building or a customer is injured on your property. GL Insurance covers these and other liabilities, paying your legal fees and damages you may owe in a lawsuit.

General Liability Insurance typically costs $400 to $440 for stock brokers.

Average Premiums, Deductibles and Limits on General Liability Insurance for Stock Brokers
Name USD

Median policy premium:

$400 - $440

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

Varies

To see how the cost of General Liability Insurance for stock brokers compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

How Much Is a Business Owner's Policy?

By getting insurance through a Business Owner's Policy, stock brokers can save money on their premiums. A BOP is actually a 2-policy package, which includes General Liability and Property Insurance. BOPs only cost slightly more than your GL, but you'll also get Property coverage, which will cover your losses when your business's property is lost, stolen, or damaged by fire or covered weather event.

A Business Owner's Policy typically costs around $500 in annual premiums for stock brokers.

Average Premiums, Deductibles and Limits on Business Owner's Policies for Stock Brokers
Name USD

Median policy premium:

$500 - $505

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$250

HOW MUCH IS
Workers' Compensation?

How Much Is Workers' Compensation?

Depending on their state laws, stock brokers may need to have Workers' Compensation Insurance (also called Workers' Comp or Workman's Comp). Workers' Comp pays for employee medical costs, lost wages, and other expenses related to workplace accidents. Workman's Comp can also pay for employee injury lawsuits and workers' comp settlements (make sure your policy has Employer's Liability Insurance to get this protection).

The typical Workers' Comp policy ranges between $274 and $781 for stock brokers.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance for Stock Brokers
Name USD

Median policy premium:

$274 - $781

Accident limit:

$500,000

Disease limit:

$500,000

Median policy deductible:

Varies

To see how the cost of Workers' Compensation Insurance for stock brokers compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Free Stockbroker Insurance Quotes

Free Stockbroker Insurance Quotes

Contact one of insureon's stock broker insurance agents and receive a free insurance quote. Use our online insurance application and an agent will email you a free quote on stock broker insurance coverage.

Grab-n-Go Information

Agent Risks eBook
Risky Business: A Small Business Insurance Guide for Independent Stock Brokers and Insurance Agents
Browse eBook
Sample certificates
See a sample Certificate of Liability Insurance, the proof of coverage you need for most contracts.
View Sample
Sample Quotes & Cost Estimates
See what insurance really costs: actual quotes by policy & specialty.
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Ask A Question
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