Best General Liability Insurance in Nevada (2024)

MoneyGeek evaluated key factors such as affordability, service quality, financial stability and ease of the online quote process to determine the best general liability insurance companies in Nevada. Thimble earned top marks on most of these metrics, making it the best overall provider. With this insurer, LLCs with 20 employees should expect to pay around $66 per month, while sole proprietors with no employees will spend roughly $22 per month for coverage.

We also reviewed the cheapest companies for general liability insurance for small business owners who are on a limited budget, and Thimble again topped our list.

Thimble is the best general liability insurance company in Nevada, earning a MoneyGeek score of 91 out of 100.

You can view our rankings of all providers we evaluated in Nevada along with their MoneyGeek scores and average premiums in the table below.

Thimble offers the cheapest overall general liability insurance in Nevada, with monthly rates averaging $66 for LLCs and $22 for sole proprietors.

In our analysis of cost, we generated an affordability score that combines the monthly cost for LLCs and sole proprietors, so our winner might not be the cheapest for both business entities.

Nationwide is the best provider of general liability insurance for employers in Nevada. It received an impressive MoneyGeek score of 98 out of 100 and offers policies for LLCs at an average cost of $37 per month.

Our rankings are based on the average monthly premium for LLCs with 20 employees. Employee headcount accounts for much of the cost of general liability insurance. Our average rate can be used as a benchmark, but your insurance cost is likely to be higher or lower than this rate, depending on whether you have more or fewer than 20 employees.

Sole proprietors looking for the best general liability insurance in Nevada should consider biBERK. This insurer earned a MoneyGeek score of 97 out of 100, and its policies cost approximately $23 per month.

Our rankings are based on the average monthly premium for sole proprietors with no employees. Businesses in riskier industries like construction might be charged higher rates.

Business owners in Nevada aren’t required by state law to purchase general liability insurance. However, we still recommend it as a sensible measure to protect your business against possible financial loss if you face a liability claim. It may also be required for getting a business license or winning contracts in some industries.

General liability insurance provides coverage for the following:

• Third-party bodily injuries: Your policy will help pay for medical expenses if a customer sustains an injury at your business.
• Third-party property damage: Your policy will cover the cost of damages to another person’s property caused by your employees or your business.
• Personal and advertising injury: Your policy will cover legal expenses and damages if an individual sues your business or your employees for copyright infringement, slander or libel.

In Nevada, businesses are required to have other types of business insurance, such as workers’ compensation insurance (for businesses with one or more employees) and commercial auto insurance. The latter is required to insure company-owned cars and must include the following minimum limits:

• $25,000 per person
• $50,000 per accident for bodily injury
• $20,000 for property damage

The average cost of general liability insurance in Nevada is $71 per month for LLCs with 20 employees and $28 per month for sole proprietors with no employees.

The rates shown here are for a policy with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible. The aggregate limit is the maximum amount that an insurance provider will cover for all claims that are filed during the policy period. This is different from the occurrence limit, which is the maximum amount the insurer will pay out per claim. The deductible is the amount of money that business owners have to pay themselves before their insurance kicks in.

The cost of general liability insurance differs for each type of business depending on several factors:

Your specific needs and other factors will determine the best general liability insurance company and coverage for your business. Here are our answers to some of the most common questions to help you get started.