06/01/2026
Okay, so the first thing to know is that there's no single flat rate. The final price really depends on a few key things: the type of business you're in—a contractor has more risk than a graphic designer—your estimated annual revenue, and how many employees you have.
Now for the 'why you can't skip it' part. This policy covers things like bodily injury if a client trips and falls at your office, or property damage your business accidentally causes. Without it, one single lawsuit could wipe out your business and even your personal assets. It's not a 'nice to have,' it's foundational.
So, for a brand new, low-risk LLC in Indiana—think a consultant, a small marketing agency, or a freelance writer—you're typically looking at a range of $400 to $600 per year for that $1 million policy. That breaks down to about $35 to $50 a month to protect your entire business. It's one of the smartest investments you'll make.
