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.

Key Takeaways

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In Nevada, the best general liability insurance provider according to MoneyGeek is Thimble, which earned a MoneyGeek score of 91 out of 100. Thimble is recognized for its affordability, service quality, financial stability, and ease of the online quote process. For LLCs with 20 employees, Thimble offers a rate of approximately $66 per month, whereas sole proprietors with no employees can expect to pay around $22 per month.

For employers specifically seeking a provider in Nevada, Nationwide is recommended, boasting a MoneyGeek score of 98 out of 100, with policies for LLCs averaging $37 per month. Sole proprietors seeking insurance might also look to biBERK, which scored 97 out of 100 and charges about $23 per month.

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. However, rates can vary based on business specifics, such as size and industry.

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For sole proprietors seeking the most affordable general liability insurance in Nevada, Thimble stands out as the top provider. With a focus on affordability, Thimble offers policies at a highly competitive rate of approximately $22 per month for sole proprietors with no employees. This makes Thimble an excellent choice for budget-conscious business owners looking for effective coverage without overspending.

While Nationwide and biBERK also provide options in Nevada, Thimble's winning combination of low cost and excellent service quality highlights it as the most affordable and reliable choice for sole proprietors in the state.

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For LLCs in Nevada with 20 employees, the best general liability insurance provider, according to MoneyGeek's evaluation, is Nationwide. Nationwide received an impressive MoneyGeek score of 98 out of 100, and it offers policies at an average cost of $37 per month. This provider stands out for its strong combination of affordability and financial stability, making it an excellent choice for businesses looking for both cost-effective and reliable coverage.

In contrast, Thimble is noted as the best overall provider in Nevada for general liability insurance, particularly for its affordability and ease of the online quote process. For LLCs with 20 employees, Thimble's average monthly rate is $66. Although slightly higher than Nationwide, Thimble remains a top option considering its high MoneyGeek score of 91 out of 100.

It's important to remember that while these rates provide a useful benchmark, the actual insurance cost can vary based on factors like the number of employees, the industry, and specific coverage needs.

Why Trust MoneyGeek? We collected 1,229 general liability insurance quotes and analyzed cost information alongside customer satisfaction and financial stability reports to determine the best general liability insurance companies for small businesses in Nevada.

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Coverage costs and company information for general liability insurance providers in Nevada were last updated in 2023.

1,229Quotes Analyzed
 
6 Companies Compared
 
50 Zip Codes

Best Overall General Liability Insurance in Nevada

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.

How was this MoneyGeek score calculated?

Nationwide91$35$37
Thimble91$22$66
The Hartford89$32$65
biBERK88$23No Data
Hiscox85$29$115
Best OverallScore: 91
Thimble
3/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

High financial stability rating

Cheapest provider for sole proprietors and third-cheapest for LLCs

Fast online quote process

CONS

Receives more customer complaints than competitors

Company Highlights

Thimble is our top pick for the best overall general liability provider in Nevada thanks to its affordable rates, financial strength and fast online quote process. It is the cheapest option for sole proprietors at $22 per month and the third cheapest provider for LLCs at $66 per month.

Customers can get an online quote from Thimble in under a minute, and a policy can easily be purchased online, through the app or over the phone so you can get covered within minutes. In addition, its strong financial stability rating indicates that businesses don't need to worry about the insurer being able to pay out claims. Thimble's main drawback is that, based on our research, it receives more customer complaints than the average insurer.

Cheapest General Liability Insurance in Nevada

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.

How was this MoneyGeek score calculated?

CheapestScore: 94
Thimble
3/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Getting a quote online takes less than a minute

Strong ability to meet financial obligations to policyholders

Cheapest provider for sole proprietors at $22 per month

CONS

Average rate for LLCs

Company Highlights

Thimble is the cheapest company for general liability insurance in Nevada. It offers the lowest average rate for sole proprietors out of the five insurers in our study at $22 per month and the third cheapest average rate for LLCs at $66 per month.

Thimble also received high marks in the financial stability category, meaning it can meet its financial obligations, including paying its policyholders’ claims. Getting a quote online is quick and efficient, taking less than a minute to complete on average.

Best General Liability Insurance for Employers in Nevada

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.

How was this MoneyGeek score calculated?

Best for EmployersScore: 98
Nationwide
5/5LLC Affordability
5/5Customer Satisfaction
4/5Financial Stability
3/5Online Quote Process
PROS

Financially strong

Cheapest insurer for LLCs at $37 per month

Rarely receives customer complaints

CONS

Relatively slow online quote system

Company Highlights

Its affordable rates, outstanding service and excellent financial standing make Nationwide the best general liability company in Nevada for LLCs. It offers the cheapest policies in the state, averaging $37 monthly, while still delivering excellent service, as proven by the very few customer complaints it receives.

In addition, payment of your claims won’t be an issue, given Nationwide’s superior financial strength. However, if you're looking for an online quote from this company, expect it to take several minutes — its quote process is the longest in our comparison group.

Best General Liability Insurance for Sole Proprietors in Nevada

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.

How was this MoneyGeek score calculated?

Best for Sole ProprietorsScore: 97
biBERK
5/5Sole Proprietor Affordability
4/5Customer Satisfaction
5/5Financial Stability
3/5Online Quote Process
PROS

Highest financial stability rating

Second-cheapest rates for sole proprietors at $23 per month

Receives few customer complaints

CONS

Getting a quote online can take a long time

Company Highlights

Sole proprietors in Nevada should consider biBERK as their general liability insurance provider. It’s the second-cheapest option in the state, with policies averaging $23 monthly.

biBERK received the highest possible rating from AM Best, which is an A++ (Superior) score — proof that it has the financial strength to fulfill policyholders’ valid claims. It also receives fewer complaints than the average insurer, indicating that customers are generally happy with the service they receive. You can get a quote online, but expect it to take longer than most competitors.

Do You Need General Liability Insurance in Nevada?

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
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SMALL BUSINESS RESOURCES IN NEVADA

The State of Nevada Department of Business & Industry provides information, resources and tools for small business owners through its Business Resource Center. The available resources will guide you on starting, growing and managing your business and include information on how to access capital and obtain a license. You can also receive free business planning and counseling services.

How Much Is General Liability Insurance in Nevada?

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.

Factors That Impact General Liability Insurance Costs in Nevada

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

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    Policy limits

    Your premium increases in relation to your policy limits. Choosing higher limits — both aggregate and occurrence limits — will give you more protection but come with higher premiums. Your policy’s aggregate limit is the maximum amount that your insurance provider will pay you for all claims within the policy period, while the occurrence limit is the maximum amount that you’ll receive per claim.

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    Number of employees and payroll costs

    Employee headcount and payroll costs have a huge impact on your premiums. General liability coverage costs more if you have more employees. For instance, our best overall general liability insurance provider, Thimble, only charges $22 per month for sole proprietors with no employees, but this rate increases to $66 per month for LLCs with 20 employees.

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    Business location

    The location of your business also has an impact on the cost of general liability coverage. Insurers typically charge higher rates for businesses that operate in densely populated areas since this increases the likelihood of filing a claim. For this reason, the statewide average rates in our study could vary at the city level.

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    Claims history

    Businesses that have no previous claims are typically charged lower rates than those that have a history of filing claims.

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    Industry

    Expect to pay higher rates if your business is in an industry that has increased levels of risk, such as construction. Refer to the table below to see how the average cost of general liability insurance in Nevada changes based on the business industry.

General Contractor$288$4,451
Cleaning$108$2,462
Software Development$28$71

Frequently Asked Questions About General Liability Insurance in Nevada

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.

Which company has the best general liability insurance in Nevada?

Which company has the cheapest general liability insurance in Nevada?

What does general liability insurance cover in Nevada?

Does Nevada require businesses to have general liability insurance?

About Melissa Wylie


Melissa Wylie headshot

Melissa Wylie is the Content and SEO Manager at MoneyGeek, with nearly a decade of editorial experience and six years of work in financial content focused on small businesses. She previously held SEO positions at Bankrate and LendingTree, with bylines on ValuePenguin and MagnifyMoney.

Wylie has a journalism degree from the University of North Texas. Her strong foundation in journalism helps her craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.


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