Best General Liability Insurance in New Hampshire (2024)

MoneyGeek ranked the best general liability insurance companies in New Hampshire based on their financial standing, costs, customer service ratings and ease of obtaining a quote online. From our findings, Thimble offers excellent ratings altogether, making it our top winner overall. The company charges $63 monthly for limited liability companies (LLCs) with 20 staff members and $22 for sole proprietorships without employees.

We also ranked insurance providers based on affordability for small businesses seeking the lowest priced policies. Our analysis shows that Next is the top winner, costing an average of $26 per month for LLCs and $25 for sole proprietors.

With a 92 out of 100 in MoneyGeek’s ranking system, Thimble provides the best general liability insurance in New Hampshire. The general liability insurance companies we evaluated in New Hampshire are shown in the following table, alongside their MoneyGeek scores and average monthly costs.

Next provides the lowest rates for general liability insurance in New Hampshire, with its policies costing an average monthly premium of $26 for LLCs and $25 for sole proprietors.

To evaluate insurers for the cheapest category, we determined affordability scores by taking into account average costs for sole proprietors and LLCs. Each entity contributed to 50% of the overall MoneyGeek score. However, the winner’s rates for each individual entity may not have the lowest premium.

Nationwide outranks other insurers in New Hampshire, emerging as the best provider of general liability insurance coverage for employers with a MoneyGeek score of 96 out of 100. On average, LLC businesses pay about $48 per month for a policy from this company.

The number of workers in a business significantly influences insurance costs. We determined our average rates using quotes from LLCs with 20 employees. Businesses with a lower employee count may pay lower premiums than the average cost, while those with more than 20 employees are likely to pay more.

With a MoneyGeek rating of 97 out of 100, biBERK has the overall best general liability insurance in New Hampshire for sole proprietors, with a monthly average cost of $23.

Our rates for this business entity are based on average policy costs for sole proprietors with no employees. Premiums might be higher depending on the level of risk a business gets exposed to and its location. Those in construction or any other riskier industry, like mining, with a high probability of injuries and accidents, will have higher premiums than the average rate.

A general liability insurance policy comes in handy for businesses after unforeseen circumstances, such as injuries and accidents, that result in unexpected financial liabilities. These policies safeguard you and your business from the following:

• Third-party damage to property: Your policy covers the costs relating to any third-party property damage caused by your company or employees.
• Third-party bodily injuries: Pays the medical costs associated with a client who gets hurt while visiting your business property.
• Personal and advertising injury: Covers relevant legal expenses resulting from suits filed against your employees or the business.

Although general liability insurance is not required for all businesses in New Hampshire, it is advisable to purchase coverage to protect yourself and your property. For some industries, clients may not approve the contracting or licensing process with your business until you provide general liability insurance.

In New Hampshire, business insurance requirements comprise getting workers’ compensation coverage for companies with any number of employees. Furthermore, businesses must purchase commercial auto insurance with the following coverage limits, at the minimum:

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

General liability insurance in New Hampshire costs an average of $27 for sole proprietors without employees and $72 for LLCs with an employee count of 20. For this study, we used costs for a policy with $0 as the deductible, an aggregate limit of $2 million and an occurrence limit of $1 million.

The deductible limit is the amount business owners must pay before the insurance starts to settle claims. The aggregate limit refers to the maximum sum paid by the insurer for all claims during the policy period, while the occurrence limit is the maximum sum the insurer can cover for every claim.

Each insurance provider calculates general liability insurance costs differently based on a number of key factors. We explain below how each factor influences rates across businesses of different types.

General liability insurance is not legally required in New Hampshire, but it may help safeguard your business in many ways. We addressed some frequently asked questions to offer you further insight into this type of business insurance.