Best General Liability Insurance in Nebraska (2024)

To determine the best general liability insurance companies in Nebraska, MoneyGeek considered key factors such as affordability, customer satisfaction, financial stability and online quote processes.

Thimble is our pick as the best overall general liability insurer in Nebraska, with an average policy cost of $54 per month for LLCs with 20 employees and $22 per month for sole proprietors with no employees.

MoneyGeek also found that Next offers the most affordable coverage in the state at $25 per month for both LLCs and sole proprietors.

MoneyGeek’s analysis found the best general liability insurance provider in Nebraska is Thimble. It received a MoneyGeek score of 90 out of 100, offering a quick online quote process and affordable rates for single proprietors.

The following table displays the MoneyGeek scores and average costs of the insurance companies we ranked in Nebraska.

On average, Next provides the cheapest general liability insurance in Nebraska. It costs $25 per month for both LLCs and sole proprietors.

MoneyGeek used an affordability score combining the monthly costs for sole proprietors and LLCs to find the least expensive provider in the state. As such, the winning company in this category may not have the lowest cost for either business type individually.

Nationwide is MoneyGeek’s pick for employers in Nebraska looking for general liability insurance, with a MoneyGeek score of 95 out of 100. We determined our rankings in this category by calculating the average monthly cost of general liability insurance for LLCs with 20 employees.

Employee size is a significant factor in determining the cost of insurance. Companies with fewer than 20 employees generally pay less than our average cost, while those with more than 20 employees typically pay more.

biBERK offers the top general liability insurance for sole proprietors in Nebraska, with a MoneyGeek score of 97 out of 100 and a policy cost of around $23 per month.

Our rankings were determined based on the average costs for sole proprietors with no employees. However, those in higher-risk industries such as construction may be subject to higher costs for general liability insurance.

General liability insurance isn't mandatory in Nebraska except in certain industries. However, we recommend getting it to protect you from third-party liability claims. It includes the following coverages:

• Third-party bodily injuries: This coverage helps pay for medical expenses if a customer is injured while on your business premises.
• Third-party property damage: This portion takes care of expenses related to damages caused by your business or employees to someone else’s property.
• Personal and advertising injury: This covers legal expenses and damages if someone sues your business or employees for libel, slander or copyright infringement.

Nebraska also mandates other forms of business insurance for certain types of businesses.

Workers' compensation insurance is required for businesses with one or more employees. However, folks working for the federal government, railroad companies or domestic settings are exempted from this requirement.

Nebraska also mandates that businesses obtain commercial auto insurance for their owned vehicles, with a minimum coverage limit of:

• $25,000 per person
• $50,000 per accident for bodily injury
• $25,000 for property damage

In Nebraska, business owners can expect to pay an average of $48 per month for general liability insurance if they have 20 employees. The average monthly cost drops to $27 for sole proprietors with no employees.

The quoted rates assume a policy with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible.

The aggregate limit represents the maximum amount the insurance provider pays for claims during the policy period, while the occurrence limit is the maximum amount the insurer covers per claim. The deductible is how much the business owner must pay out of pocket before insurance coverage takes effect.

It's crucial for small business owners in Nebraska to evaluate their insurance needs carefully and obtain adequate coverage to protect their companies from financial losses due to liability claims.

The cost of general liability insurance varies for each business depending on specific factors, which we’ve listed below:

To find the best general liability insurance for your business, consider various factors and your specific needs. We've provided answers to frequently asked questions to assist you in making an informed decision.