Yes, that was my cost. I signed the papers two days ago. I will be paying the $536 every year. I was shocked at the price thinking it would be $2-$3 thousand per year. I rent a building so it included theft from the building up to $100,000. (no heat or water). It was $500,000 of general liability. The city and county wanted this in case something fell off a truck or trailer and someone sued the city or county as a result.
That is a whole other topic as I thought auto insurance would cover that. Anyways it was cheap enough and the city and county are happy with it. I went to an independent insurance agent that could purchase from 6-7 different companies. The highest quote was around $2,000 and the lowest was the $536.