How much does insurance cost for human and social services organizations?

Human and social services organizations pay a median premium of $42 per month, or $500 per year, for general liability insurance. This policy provides financial protection for client injuries and property damage, along with advertising injuries.

Insureon’s agents typically recommend a business owner’s policy for organizations that need property protection. A BOP bundles general liability and commercial property insurance at a discounted cost.

Professional liability insurance can also be added to general liability insurance or a BOP at a lower rate than purchasing the policies separately.

Among human and social services organizations that purchase general liability with Insureon, 46% pay less than $400 per year and 74% pay less than $800 per year.

Organizations at higher risk of third-party injury or property damage, such as a large daycare center, will pay more for general liability than low-risk organizations like an after-school book club.

Policy limits determine how much your insurer will pay on covered claims. The per-occurrence limit is the maximum your insurer will pay for a single incident, while the aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.

Higher limits cost more – and provide better coverage.

Most human and social services organizations (86%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small organization grows, you may need to buy more coverage.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

Human and social services organizations pay a median premium of less than $120 per month or $1,400 per year for a business owner’s policy. A BOP bundles general liability insurance with commercial property insurance, usually at a discount.

You can combine this policy with professional liability insurance for additional savings and more complete coverage.

Among human and social services organizations that purchase a business owner’s policy with Insureon, 40% pay less than $1,000 per year and 67% pay less than $2,000 per year.

Organizations that need more property coverage will pay more for a business owner's policy. For example, a nursing home with state-of-the-art medical equipment will pay more for a BOP than a senior center that offers crafts and games.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

Human and social services professionals pay a median premium of $56 per month, or $670 per year, for professional liability insurance. Also known as errors and omissions insurance or malpractice insurance, this policy covers legal costs related to alleged mistakes or negligence.

It's common for human and social services organizations to add professional liability to their general liability or business owner's policy for additional savings and protection.

The cost of this policy depends on the services you provide and other key operations factors.

Among human and social services organizations that purchase professional liability insurance with Insureon, 33% pay less than $500 per year and 86% pay less than $1,000 per year.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

The median premium for directors and officers insurance (D&O) for human and social services is $71 per month, or $854 annually. This policy can protect your organization’s directors and officers from lawsuits related to misused funds, failure to comply with regulations, or failure to perform official duties.

Most human and social services organizations choose D&O policies with a $1 million per-occurrence limit.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's directors and officers insurance cost analysis page.

To meet your state’s requirements and avoid penalties, human and social services businesses with employees typically must purchase workers’ compensation insurance. This policy helps cover medical expenses and partial lost wages when an employee suffers a work-related injury or illness.

Sole proprietors may choose to buy workers' comp to gain financial protection against work injuries, which health insurance plans can exclude.

The median premium for workers' comp is $133 per month or $1,598 per year for human and social services organizations.

Among human and social services organizations that purchase workers’ compensation insurance with Insureon, 30% pay less than $1,000 per year and another 27% pay between $1,000 and $2,000 per year.

The cost of this policy depends on how many employees you have and their occupational risk, among other factors.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.