10 Cheapest General Liability Insurance for Small Business in April 2024

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    Businesses, especially those specializing in providing one form of service or the other, stand the risk of being sued for insurance claims, damages, or accidents that occur while providing a service. That’s where general liability insurance comes in, and it helps businesses cover these claims without the business owners taking out private funds. 

    Although general liability insurance is available to businesses of all sizes, the cost of setting up one for your business varies, depending on the extent of liability protection the business needs, the nature and scope of the company, and other factors.

    However, small businesses have only one option: finding the cheapest general liability insurance package. Here are some of small businesses’ 10 cheapest general liability insurance to guard against injury lawsuits.

    Cheapest General Liability Insurance for Small Businesses

    Quick View

    • NextOver all Best General Liability Insurance
    • HiscoxBest for Premium Deductibles rate
    • Cover WalletBest for Ease of Use
    • AcuityBest for Customer Support
    • GeicoBest Insurance with Mobile App Services
    • TravelersBest for Exclusive Insurance Offers
    • BiBerkBest for Premium Discount Offers
    • ChubbBest for Competitive Rates
    • ThimbleBest Seasonal Insurance Coverage
    • State FarmBest for Small Business Coverage Limit



    Coverage Limit



    $11 – $100 per month

    $1 million per occurrence


    Events not listed in the policy


    $500,000 to $2 million

    $0 – $100,00

    Damages from Intentional acts

    $39 per month

    $1 million – $2 million

    $500 – $1000

    High risk events associated with the business

    $200 -$1000 premium/month

    $1 million to $50 million

    $250 – $5000

    Nuclear, biological and chemical weapons damage claims

    Request for Quote

    $300,000 to $1 million

    • Low risk: $250 – $500
    • High risk: $1000 – $5000

    Issues that existed before policy period

    Contact Licensed Agent

    • Bodily injuries: $1 million
    • Aggregate: $2 million

    Provided by Licensed Agent

    Claims by Employees and Owner

    • $275
    • Less than $1000

    Standard: $1 million


    Cyber and Employment practice liability

    $2,472 annually

    Maximum of $50 million

    $0 and buy-down options

    Certain geographical areas and business types

    $17 monthly

    Standard cost for SMOB

    $500 to $10,000


    $104 per month or $1,250 annually

    $250,000 for bodily injury and $500,000 for property damage.

    Low-key premium: $500 – $1000

    Maintenance-related issues + Other standard damage claims

    Top 10 Cheapest General Liability Insurance for Small Business

    NEXT’s general liability insurance premium offers unique cheap solutions to damage claims swiftly. In most cases, the insurance adjuster evaluates the damages and arrives at a decision 2 days after the complaint is filed. 


    With up to a 25% discount on premium costs, small businesses can spend as little as $11 on general liability insurance for a start.

    Some businesses spend up to $100 on premiums if the business has been in operation for many years. In addition to discounts on single insurance premiums, buying BOPs attracts a 10% discount and more coverage.

    Coverage Limit

    Your business coverage limit with Next insurance can get up to $1 million for each injury/damage and $2 million aggregate for small-sized businesses. You can get quotes for premiums and coverage limits using NEXT’s mobile App, and monthly payments can also be carried out on the App.


    Suppose a business uses NEXT general liability insurance. In that case, deductibles will not be needed before injury, or damage claims are resolved.

    Except in situations where acts of negligence caused the damages, the business will need to pay specific deductibles as indicated in the policy.


    Any event not listed in the NEXT general liability insurance policy will not be covered if injuries or damages occur. Occurrences due to misconduct, negligence, use of watercraft or aircraft, and war-related activities are not included in the policy and must be covered with private finances.

    Hiscox is one of the best options with its competitive pricing and comprehensive coverage. One of the standout features of Hiscox is its cost-effectiveness.

    They offer affordable premiums that fit within your budget, allowing you to allocate your resources wisely while still obtaining the required coverage. Their general liability insurance policies cover bodily injury, property damage, and personal injury claims. 

    Furthermore, Hiscox understands the fast-paced nature of modern business operations. Their online quote process is quick and easy, saving time and effort. You can obtain a quote within minutes and purchase your policy directly from their website.


    Hiscox’s pricing strategy involves determining the cost of its insurance products based on various factors such as risk assessment, claims history, market conditions, and desired profit margins.

    They aim to offer competitive prices while ensuring profitability and sustainability. This involves analyzing data, assessing potential risks, and adjusting premiums accordingly. Their prices are as low as $22.50 monthly.

    By carefully evaluating the likelihood of claims and considering market dynamics, Hiscox aims to provide fair and balanced pricing to its customers. Their pricing approach is guided by actuarial analysis, underwriting expertise, and market intelligence. 

    Coverage Limit

    Hiscox offers coverage limits ranging from $500,000 to $2 million, allowing you to choose a limit that fits your business needs and budget.

    They also offer a range of additional coverage options, such as professional and cyber liability insurance, to help protect your business from various risks. 


    Hiscox Deductibles Limit features provide essential coverage options in a concise package. It offers deductible options ranging from $0 to $100,000, allowing policyholders to customize their coverage.

    This flexibility enables businesses to manage costs effectively while maintaining adequate protection. The deductible limit can be selected based on specific needs, ensuring the policy aligns with individual risk tolerance. 


    Their policies come with some important exclusions to be aware of, however. For example, your policy may not cover intentional acts or dishonesty damages.

    Also, claims about your professional services may not be covered under a general liability policy. They may require a separate professional liability policy.

    It is important to carefully review the exclusions in any insurance policy to ensure you understand what is and isn’t covered.

    Cover Wallet offers free quotes sent directly to your business inbox and different insurance packages ranging from general liability insurance to workers’ compensation, business owner’s policy, and more. Cover Wallet’s general liability insurance covers third-party injury and property injury claims.

    Even when small businesses have no idea what insurance packages to go for, Cover Wallet provides reliable and expert advice on the best course of action in no time.


    Cover Wallet provides one of the best price plans to ensure that small businesses can also stay shielded from touching personal funds with its $39/per month starting offer.

    The price might vary depending on the business’s needs. Small businesses can apply for a quote on Cover Wallet’s online platform or contact customer support to discuss a suitable solution that works for the business.

    Coverage Limit

    Small businesses that use Cover Wallet can access different coverage limits depending on the business size. Plus, if the business doesn’t involve high-risk operations, it also affects the coverage limits. However, the Cover Wallets coverage limit for small businesses falls between $1 million to $2 million.

    Any business that requires higher coverage limits must pay higher subscription costs. Speaking to a consultant will help the business make the right decision to prevent handling claims with personal funds.


    If a business decides to use Cover Wallet general liability insurance, they must pay a deductible of about $500 to $1000. The deductibles a business pays before Cover Wallet steps in to handle the claims can be increased or reduced, affecting how much the business pays as its monthly insurance premium.


    Cover Wallet has exclusions to claims resulting from special events like non-business events like parties. Such events pose a higher threat of a risk occurring and face a high possibility of being excluded. However, this can be handled by taking out special event insurance.

    Acuity Insurance provides small businesses with a team of professional adjusters who handle their insurance claims. Companies can choose from various general liability insurance options that cover property damage, bodily injuries, etc. 

    Claims cover medical bills and the whole or part of the cost needed for damage repairs. Acuity insurance is perfect for small businesses because the premium rates are flexible enough to cater to businesses of all sizes.


    Acuity’s premium pricing for general liability insurance has several options businesses can choose from. However, the business location and insurance can affect the options available. To benefit from Acuity’s general liability insurance, businesses will likely be expected to spend $200 to as high as $1000 annually.

    Coverage Limit

    Visit Acuity’s web page to get a detailed quote specific to your business needs, and the alternative is to speak to one of the professionals and get some expert advice. You can get up to $1 million in a year to cover damages and injuries, and large businesses can get as much as $50 million.


    You can spend as much as $5000 on deductibles using Acuity’s premium. This applies to businesses that require bigger budgets to cover damages during work.

    Small businesses can spend $250 on deductibles; if you need something more unique, you can request expert guidance for something that fits more within your budget.


    Acuity has several exclusions that apply to general liability insurance. Some damages that the premium cost doesn’t cover include damage caused by nuclear, biological, or chemical weapons, pollution, and carelessness/omission.

    Apart from general cases of injury, Geico provides coverage for small businesses against slander, libel, and other events that hurt the business from advertising.

    Geico has a mobile app that small business owners can use to easily manage their accounts, handle payments, and enjoy discounts.


    The premium cost Geico’s liability insurance provides for businesses is tailored to suit their different needs. After requesting a quote, the business will receive a special premium rate after the business location, type of work, and the number of staff are considered.

    Coverage Limit

    Geico has different coverage limit options for each claim; bodily injury claims have a limit of $300,000 per person and $1,000,000 for each occurrence.

    Property damage claims have a $500,000 limit, while personal and advertising injuries are pegged at $1,000,000 per occurrence.


    Businesses using Geico must pay a minimum of $250 for deductibles for a low-risk general liability insurance plan. $500 for deductibles is also available for small businesses without a tight budget.

    On the other hand, businesses with bigger budgets can opt for the more pricey premiums that will require deductibles of $1000 to $5,000.


    Part of Geico’s policy for businesses covered by general liability insurance is that any issue that existed before the business set up insurance will be excluded.

    Any damage caused by premeditated circumstances will also be disregarded. Geico might also include certain exclusions based on the policy chosen by the small business.

    Originally, Travelers Insurance was founded to offer protection against accidents. Still, the company branched out over the years and included more products. Travelers Insurance services include personal, commercial, and professional protection against damages. 

    These products include insurance to cover the cost of handling vehicular repairs, replacing properties or home fixtures after a fire accident, medical bills, veterinary bills, and providing support after the death of a loved one. 

    Travelers business product is CGL (commercial general liability insurance) which protects the business if a customer or someone with a grudge decides to sue. It protects against copyright infringements, slander, and any other external claims.


    To get a fair idea of what it will cost to set up a travel insurance CGL premium, business owners must contact independent agents affiliated with Travelers Insurance. The licensed agent will provide a quote after considering the staple factors. You should obtain quotes from different agents to get a fair deal.

    Coverage Limit

    Businesses can set a coverage limit as they deem fit. Still, the standard limits are $1 million for bodily injury and property damage and an aggregate of $2 million for all claims under the policy. To get the best deal, it is best to consider the probability of how often your business might face a lawsuit, your business assets, and other factors. 


    Similarly, Travelers deductibles price range is not publicly available. Information about deductibles and pricing will be outlined in the quotes provided by the insurance agent.


    Travelers Insurance does not cover claims for damages or injuries that happen within the business, like situations involving the business owners or employees. Other exclusions include claims for breach of contract, violence, terrorism, and damages to business property.

    BiBERK provides a hassle-free experience for obtaining quotes and managing policies, all from a user-friendly online platform. Their coverage options include general liability, property, business interruption, and cyber insurance. 

    Their features go beyond traditional insurance, offering valuable resources such as risk management tools, online safety training, and expert advice. Their commitment to customer satisfaction and affordable rates make BiBERK a trusted partner for small businesses seeking reliable insurance coverage.


    BiBERK provides a quick and straightforward quote process, saving time and effort. Their online platform allows businesses to customize coverage options to meet their needs. BiBERK also offers competitive rates based on business size, industry, and location. 

    At BiBERK, costs start at $275, with most customers paying less than $1,000.They provide flexibility by allowing businesses to choose payment options that suit their budget, including monthly installments. BiBERK also offers a policy management portal to access policy documents and updates easily. 

    Coverage Limit

    BiBERK’s coverage limits are designed to provide adequate protection for small businesses while keeping premiums affordable. The coverage limit varies depending on the type of policy and the specific coverage options chosen by the business owner.

    For example, a general liability policy may have a coverage limit of $1 million per occurrence and $2 million aggregate. In contrast, a property insurance policy may have a coverage limit of $500,000 or more.


    BiBERK’s Deductibles Limit offers several key characteristics. Firstly, it allows policyholders to choose deductibles that suit their specific needs and budget.

    Also, it allows deductible options for both property and general liability coverages. The Deductibles Limit ensures that businesses can manage their risk exposure effectively by setting deductibles at a level that aligns with their risk tolerance. 

    Moreover, BiBERK offers a straightforward and transparent approach, allowing policyholders to easily understand and select appropriate deductibles. This empowers businesses to customize insurance coverage and make informed decisions to protect their assets.


    BiBERK policies typically exclude certain risks such as cyber liability, pollution liability, professional liability, and employment practices liability. These exclusions mean that BiBERK policies may not cover damages or losses resulting from these specific areas.

    Chubb’s insurance policies encompass various areas such as property, casualty, liability, and specialty lines, providing comprehensive protection against risks. Their customizable solutions enable clients to design insurance plans that align with their unique requirements.

    By offering a diverse portfolio of products, Chubb ensures that customers can find suitable coverage for their homes, automobiles, businesses, and valuable assets.

    The company harnesses data analytics, artificial intelligence, and machine learning to enhance risk assessment, streamline operations, and provide personalized services. This technological integration enables Chubb to stay at the forefront of the industry, consistently meeting evolving customer needs.


    Chubb’s pricing features encompass a range of elements that influence insurance costs. The company factors various variables to determine premiums, such as the insured property’s value, location, and risk factors.

    The pricing model considers industry-specific risks and loss history, with Chubb’s underwriters evaluating each risk individually. 

    Chubb’s cost comes in at $2,472 per year. The company’s pricing strategy aims to provide competitive rates while maintaining financial stability. 

    Coverage Limit

    Chubb Coverage Limits offer important features for insurance protection. They provide financial limits to safeguard against potential risks and losses.

    These limits define the maximum amount an insurer will pay for a claim, ensuring that individuals and businesses are adequately protected. Chubb’s coverage limits are designed to be comprehensive, offering protection for property, liability, and other potential risks. 


    Chubb offers multiple deductible options, allowing you to select the amount that works best for you. Chubb Deductibles also provide the opportunity to reduce or eliminate deductibles altogether, providing extra protection in certain circumstances.

    Also, Chubb offers deductible buy-down options that allow you to lower your deductible by paying an additional premium. 


    Chubb exclusions outline specific risks and perils not covered by the policy. These exclusions involve intentional acts, war, nuclear events, and natural disasters. Also, it may exclude coverage for high-risk activities like professional sports or extreme sports.

    Next, it may exclude coverage for specific property types, such as fine art or valuable jewelry. Finally, Chubb Exclusions often highlight limitations on coverage for certain geographical areas or types of businesses. These features help define the scope and limitations of the insurance policy.

    Thimble is revolutionizing the insurance industry for entrepreneurs and startups. Its key features include flexible coverage, convenient on-demand policies, and an intuitive digital platform.

    The on-demand nature of Thimble’s policies is a major advantage for small businesses with varying workloads. Entrepreneurs can activate and deactivate coverage seamlessly, allowing them to scale their insurance as their business demands fluctuate. This feature eliminates the burden of long-term commitments and allows for cost optimization.

    Thimble’s user-friendly digital platform simplifies the insurance process. Small business owners can obtain quotes, purchase policies, and manage their coverage online with just a few clicks. The streamlined interface and intuitive design make it effortless for entrepreneurs to navigate and understand their insurance needs.


    Thimble offers flexible pricing options for small business insurance, catering to their unique needs. They provide on-demand coverage that allows businesses to choose specific coverage durations, ranging from hourly to annual policies. This flexibility helps save costs by eliminating the need for long-term commitments. 

    Thimble’s pricing is transparent, with no hidden fees or cancellation charges. Thimble’s insurance starts at $17 per month. Still, those offered by established suppliers tie you into an annual policy with monthly payments.

    Coverage Limit

    Thimble offers coverage limits ranging from $1 million to $2 million, ensuring that businesses have adequate insurance against liability claims. These limits are customizable based on specific needs.

    They can be adjusted to align with the size and nature of the business. Their coverage limit also enables businesses to easily add or remove additional insureds, allowing for seamless coverage expansion or modification. 


    Thimble offers flexible deductibles ranging from $500 to $10,000, allowing businesses to choose the amount that best suits their needs.

    It provides instant quotes and can be purchased online, making it convenient and accessible. The coverage is made to fit various industries, including contractors, freelancers, and event organizers. 


    Thimble covers many professional services, including consulting, design, writing, and more. The key features of Thimble Exclusions include customizable policies, affordable rates, and flexible coverage durations, ranging from one hour to one year. It also provides protection against claims arising from errors, omissions, and negligence.

    With its extensive experience and solid reputation, State Farm stands out as one of the cheapest options for this essential protection. Their policies encompass a wide range of industries. It covers features including coverage for advertising injuries, product liability, and medical payments. 

    Additionally, State Farm provides exceptional customer service that enables business owners to receive personalized attention and assistance throughout the insurance process.

    Its competitive rates and reputation for reliability make it an ideal option for small businesses looking for affordable and comprehensive general liability coverage.


    State Farm employs various factors to determine premiums, such as the insured item’s value, location, and the policyholder’s history. It also offers discounts for bundling multiple policies, having a good driving record, or installing safety devices. 

    Their user-friendly website and mobile App allow customers to conveniently access quotes, manage policies, and make payments. State Farm’s full coverage cost is $104 per month or $1,250 annually. Their pricing features aim to provide affordable and customizable insurance solutions while ensuring excellent customer service. 

    Coverage Limit

    State Farm’s coverage limit sets the maximum amount the insurer will pay for specific claims, such as property damage, liability, and medical expenses. Policyholders can better understand their coverage and make proper decisions by clearly defining these limits. 


    With State Farm, you can choose from different deductibles, such as $500, $1,000, or even higher. Opting for a higher deductible can lower your premium but increase your initial costs in case of a claim.

    State Farm also offers a deductible savings bank, allowing you to earn rewards for every year you go claim-free. This feature encourages policyholders to practice safe driving and maintain a good claims history.


    State Farm excludes coverage for damages caused by wear and tear, pre-existing conditions, and maintenance-related issues. Intentional damage to property, war, nuclear events, and acts of terrorism are also usually excluded.

    How to Choose the Cheapest General Liability Insurance for Small Business

    When choosing the cheapest general liability insurance for your small business, it is important to consider several factors to ensure you get the best coverage at an affordable price. Here are some steps to help you find cost-effective general liability insurance.

    Assess Your Business Needs

    Understand the specific risks and liabilities associated with your business. This will help you determine the coverage limits and types of insurance you require. Consider factors such as the nature of your business, the size of your company, and the industry you operate in.

    Shop around and compare quotes

    Obtain multiple quotes from different insurance providers to compare their offerings. You can contact insurance agents directly or use online insurance marketplaces to get quotes from multiple companies. Be sure to provide accurate information to get an accurate quote.

    Evaluate Coverage Options

    Carefully review the coverage options provided by each insurance policy. Ensure that the policy covers your business’s specific risks and liabilities. Look for key coverage features such as bodily injury, property damage, product liability, and completed operations coverage.

    Consider deductibles and limits: Assess the deductibles and limits associated with each policy. Higher deductibles and lower limits typically result in lower premiums, but ensure they are still reasonable for your needs.

    Check for Additional Coverage

    Some insurance policies may offer additional coverages that are relevant to your business. For example, consider workers’ compensation insurance if you have employees. Evaluate these additional coverages and determine if they are necessary for your business.

    Review the reputation and financial stability of insurers: Choosing an insurance provider with a solid reputation and financial stability is crucial. Research customer reviews and ratings to gauge the insurer’s reliability and customer service. Consider checking independent rating agencies like A.M. Best, Standard & Poor’s, or Moody’s for financial strength ratings.

    Seek Recommendations and Professional Advice

    Talk to other small business owners in your industry or seek advice from insurance professionals specializing in small business insurance. They can provide insights into reputable insurance providers and help you understand the fine print of insurance policies.

    Bundle insurance policies

    Inquire about the possibility of bundling multiple insurance policies with the same provider. Some insurers offer discounts for combining general liability insurance with other types of coverage, such as property insurance or commercial auto insurance.

    Review and Update Your Policy Annually

    As your business evolves, your insurance needs may change. Regularly review your insurance policy to ensure it still meets your requirements. Revisit the steps mentioned above annually to see if you can find a better deal or coverage that better aligns with your business.

    Remember, while cost is an essential factor, it is equally important to consider the coverage and reliability of the insurance provider. You can choose the cheapest general liability insurance that protects your small business by balancing affordability and quality coverage.

    Frequently Asked Questions


    Securing the right insurance coverage for your small business is important to ensure its success and protection from financial ruin. With the ever-present risks and uncertainties in today’s business world, having general liability insurance is a great investment.

    Fortunately, we have explored the top 10 cheapest general liability insurance options for small businesses, hoping it will make it easier than ever to find a policy that aligns with your budget without compromising quality. These providers understand the unique needs of small businesses and offer comprehensive protection at affordable rates. 

    Remember, the insurance cost is a small price compared to the potential financial issues of a liability claim. You can protect your business assets, reputation, and livelihood with the right general liability insurance.