How Much Does Small Business Insurance Cost in Denver, CO?
Denver pricing is 15% above the national average. Updated for 2026.
Based on local labor rates, semi-arid climate conditions, and Denver's tech-energy-aerospace economy.See our methodology
Small Business Insurance Pricing in Denver, CO
In Denver, small business insurance costs are 15% above the national average, reflecting the city's tech-energy-aerospace-driven economy. The tight labor market means you have decent options when shopping for quotes. Most residents with a population base of 715K find the pricing competitive relative to the local cost of living.
Local climate plays a direct role in small business insurance costs here. Altitude and dry climate affect materials differently; heavy snow loads impact roofing; rapid temperature swings stress HVAC systems.
Market-specific factors matter in Denver: rapid growth has created contractor shortages; altitude requires special considerations for HVAC sizing and combustion equipment.
Denver has moderate permitting requirements. Depending on the scope of your small business insurance project, you may need local permits. A licensed contractor will handle the permitting process as part of the job in most cases.
Denver vs National Average
What Affects Small Business Insurance Cost in Denver?
Coverage
General liability only: $30-$100/month. BOP (GL + property): $50-$200/month. BOP + workers comp: $150-$400/month. Full package: $200-$600/month
Industry
Office/consulting: $30-$100/month. Retail: $50-$200/month. Restaurant: $200-$500/month. Construction: $300-$1,000+/month
Denver Market Conditions
rapid growth has created contractor shortages; altitude requires special considerations for HVAC sizing and combustion equipment
Local Climate Impact
altitude and dry climate affect materials differently; heavy snow loads impact roofing; rapid temperature swings stress HVAC systems
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Tips to Save on Small Business Insurance in Denver
- 1.A BOP (Business Owner's Policy) bundles GL + property at 15-30% savings
- 2.Pay annually instead of monthly to save 5-10%
- 3.Higher deductibles reduce premiums
- 4.Shop multiple carriers — rates vary 30-50% for the same coverage
📈 Small Business Insurance in Denver Cost Trends (2020–2024)
Prices have increased +17.5% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $171 | — |
| 2021 | $178 | +4.1% |
| 2022 | $190 | +6.7% |
| 2023 | $195 | +2.6% |
| 2024 | $201 | +3.1% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for Small Business Insurance in Denver
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Frequently Asked Questions
What insurance does a small business need?
At minimum: general liability ($30-$100/mo) and property insurance if you have a physical location. Add professional liability for service businesses, workers comp if you have employees, and commercial auto if you use vehicles for business.
Why does small business insurance cost different in Denver than other cities?
Denver's costs reflect local labor rates driven by the tech-energy-aerospace economy, semi-arid climate conditions that affect materials and scheduling, and moderate permitting requirements. The tight labor market also influences competitive pricing.
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