Freelance Insurance Cost Calculator
Estimate the monthly and annual cost of freelance insurance based on your cover level, income, profession risk and optional add-ons.
Overview
Use this freelance insurance cost calculator to estimate what your business insurance may cost based on annual revenue, coverage amount, profession risk level, deductible and optional add-ons such as cyber or equipment cover. It is designed to give freelancers a quick budgeting estimate before requesting formal quotes.
How it works
The calculator starts with a base premium rate applied to your chosen coverage amount. It then adjusts that estimate using simple multipliers for profession risk, cover type, annual revenue and deductible level. Optional add-ons such as cyber cover and equipment cover are then added to produce an estimated annual premium, which is divided by 12 to show a monthly cost.
How to use this calculator
- 1Enter your annual freelance revenue.
- 2Add the coverage amount you want the policy to provide.
- 3Select the risk level that best fits your type of freelance work.
- 4Choose the main cover type you want to estimate.
- 5Enter your deductible amount.
- 6Tick any optional add-ons you want included.
- 7Review the estimated monthly and annual insurance cost.
Example Calculation
Annual Revenue
$80,000
Coverage Amount
$1,000,000
Profession Risk Level
medium
Primary Cover Type
combined-cover
Deductible
$1,000
Add Cyber Cover
true
Add Equipment Cover
false
Estimated Monthly Cost
$20
For a freelancer with $80,000 in annual revenue, $1,000,000 of combined cover, a $1,000 deductible and cyber cover added, the estimated cost is about $861 per month or $10,336 per year.
Frequently asked questions
What does this freelance insurance cost calculator estimate?
It estimates the monthly and annual cost of freelance business insurance using your revenue, cover amount, risk level, deductible and selected add-ons.
Is this the same as an insurer quote?
No. It is a general estimate only. Insurers may price policies differently based on your work, location, claims history and policy wording.
How does the deductible affect the result?
A higher deductible usually lowers the estimated premium because you would pay more yourself before insurance cover applies.
What risk level should I choose?
Choose the level that best reflects the likelihood and size of claims in your work. Administrative and advisory work is often lower risk than hands-on or high-liability services.
Does the calculator include all insurance fees and taxes?
No. The estimate does not include every possible fee, tax, surcharge or broker charge that may apply in a real quote.
Why does higher revenue increase the estimate?
Higher revenue can indicate more clients, projects or exposure, which may increase the cost of business insurance.
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Assumptions and warnings
Assumptions
- This calculator provides a simplified estimate using general pricing assumptions rather than insurer-specific underwriting.
- The estimate assumes annual revenue and coverage amount are the main drivers of premium cost.
- Optional add-ons are treated as flat or simplified revenue-based adjustments.
- Taxes, broker fees, policy exclusions and regional pricing differences are not included.
Warnings
- This calculator provides an estimate only and is not insurance or financial advice.
- Actual premiums can vary by insurer, location, claims history, contract requirements and policy terms.