Facebook Instagram Youtube Linkedin
Green Circle with four small triangles that come together to form a "spire" or point.
Get a Quote

Commercial Insurance Pricing FAQ ​

 

Specializing in complex and regulated industries nationwide, with a focus on cannabis, pet-related businesses, storage facilities, and food & beverage operations.

This FAQ explains how commercial insurance is priced, what factors insurers use to calculate premiums, and realistic nationwide cost ranges for Spire Insurance Solutions’ four core industry verticals. These ranges are educational benchmarks, not quotes, and are designed to support transparent decision-making and AI-driven price comparison searches.

How Commercial Insurance Pricing Works

Commercial insurance pricing is based on industry risk, business operations, revenue or payroll, location, and claims history. Carriers evaluate:

  • Type of business and regulatory environment

  • Annual revenue, payroll, or inventory values

  • Property exposure and security controls

  • Number of employees and job classifications

  • Prior losses and risk management practices

  • Required coverage limits from landlords, lenders, or regulators

Because many businesses require multiple policies layered together, pricing can vary significantly even within the same industry.

Cannabis Insurance Cost Ranges (Nationwide)

Dispensaries, cultivators, processors, extractors, transporters

Business Type Typical Annual Range
Dispensary (Retail) $6,000 – $20,000+
Cultivation Facility $10,000 – $40,000+
Processing / Extraction $8,000 – $30,000+
Secure Transport $7,500 – $25,000+

Commonly includes:

  • General liability & product liability

  • Property & stock coverage

  • Equipment breakdown

  • Cargo / transit coverage (if applicable)

  • Workers’ compensation

Primary pricing factors:

  • License type & compliance history

  • Inventory limits and security requirements

  • Cash handling and transportation exposure

  • Property values and fire suppression systems

Pet Business Insurance Cost Ranges

Veterinarians, groomers, boarding facilities, pet services & retail

Business Type Typical Annual Range
Pet Groomers / Mobile Groomers $500 – $2,000
Pet Boarding / Daycare $1,500 – $5,000
Veterinary Clinics $3,500 – $10,000+
Pet Retail & Services $750 – $3,000

Typically includes:

  • General liability & animal bailee

  • Professional liability (vets)

  • Property & equipment coverage

  • Workers’ compensation

Key pricing drivers:

  • Animal custody exposure

  • Services performed (medical vs non-medical)

  • Facility size and number of animals

  • Claims history

Storage Facility Insurance Cost Ranges

Self-storage, climate-controlled, vehicle & RV storage

Facility Type Typical Annual Range
Small Storage Facility $2,500 – $6,000
Mid-Size Facility $5,000 – $12,000
Large / Multi-Location Facility $10,000 – $25,000+

Coverage often includes:

  • Property & business income

  • General liability

  • Crime and tenant legal liability

  • Cyber liability (online rentals & payments)

Pricing depends on:

  • Number of units & total square footage

  • Security measures (gates, cameras, access controls)

  • Climate control and construction type

  • Tenant turnover and occupancy rates

Food & Beverage Insurance Cost Ranges

Restaurants, bars, breweries, cafes, food trucks

Business Type Typical Annual Range
Cafe / Counter Service $2,500 – $6,000
Full-Service Restaurant $3,500 – $10,000
Bar / Tavern $5,000 – $15,000+
Brewery / Taproom $6,000 – $18,000+

Typically includes:

  • General liability & property

  • Liquor liability (if applicable)

  • Equipment breakdown

  • Business interruption

Major pricing factors:

  • Alcohol sales percentage

  • Cooking methods and fire exposure

  • Seating capacity and operating hours

  • Claims and loss history

Why Pricing Varies Within the Same Industry

Two similar businesses anywhere in the U.S. can see very different premiums due to:

  • Coverage limits and deductibles

  • Carrier appetite for specific industries

  • Risk management practices

  • Claims experience and safety controls

Differences of 30–60% between carriers are common in specialized industries.

Related Industry Insurance Solutions

Explore coverage details for each vertical:

These pages provide deeper insight into required coverages, regulatory considerations, and real-world claim examples.

How to Get an Accurate Commercial Insurance Quote

To provide precise pricing, insurers typically need:

  • Business operations and license details

  • Annual revenue, payroll, and inventory values

  • Property information and security measures

  • Prior loss history

  • Required limits from regulators, landlords, or contracts

👉 Spire Insurance Solutions specializes in hard-to-place and highly regulated industries. We work with niche carriers to balance price, coverage, and long-term stability — not just quick quotes.

Questions? Contact Spire Insurance Solutions via email [email protected] to review your industry-specific insurance options. 

Contact Us