The 6 Cheapest General Liability Insurance Companies for Small Business 2022

Here are the top best $1 million liability insurance cost public topics compiled and compiled by our team

It can be expensive protecting your business from third-party property damage or bodily injury claims. We researched more than 18 insurance providers using our evaluation system focusing on financial stability, policies offered, convenience, and customer satisfaction to find the six best companies offering the cheapest general liability insurance.

  • Progressive: Best overall for general liability
  • The Hartford: Best for accounting and tax services
  • Vouch: Best for startups
  • biBERK: Best for bundling
  • Thimble: Best for contractors
  • CoverWallet: Best for policy financing

Cheapest General Liability Insurers Compared

Progressive: Best Overall for General Liability

Progressive Commercial insurance is the best overall insurance company offering affordable general liability coverage. It scored 4.25 out of 5 because of its financial security, customer service, and convenience for the customer.

Cost & Coverage

A $1 million general liability policy, with a $2 million aggregate limit, costs $30 a month, or $366 annually.

General liability is usually offered by Progressive bundled with a BOP. However, it is available as a standalone policy through its Progressive Advantage® Business Program. Through this program, you can obtain quick quotes and receive discounts for bundling, even if not all of your existing policies are with Progressive.

Customer Service and Satisfaction

Financial Rating

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The Hartford: Best for Accounting and Tax Services

The Hartford is an excellent choice for your small businesses’ general liability coverage. It scored 4 out of 5 because of its financial strength, convenience, and the policies it offers. Not only affordable, it’s also one of the best general liability insurance providers.

Cost & Coverage

With The Hartford a $1 million general liability policy, with $2 million in aggregate limits, costs $29.25 a month or $351 annually.

The Hartford offers a wide range of policies you can bundle with its monoline general liability policy, including professional liability and limited liability coverage. If your small business is a tax or accounting firm, or if you have formed a limited liability company (LLC), then The Hartford is the right choice for you.

Customer Satisfaction and Convenience

Financial Rating

Call for a Quote: (888) 219-3051

Vouch Insurance: Best for Startups

Vouch insurance scored 3.5 out of 5 because of its convenience, financial stability, and the policies it offers. Because Vouch insurance exists for startups, it’s the best general liability insurance carrier for new businesses.

General Liability Cost & Coverage

A policy with Vouch costs $25 a month, or $300 annually. This policy has a limit of $1 million with $2 million in aggregate limits and does carry a $1,000 deductible per occurrence.

Because its emphasis is on startups, unlike every other carrier reviewed for this guide, Vouch does not ask about the revenue of your business. Based on the quote, the general liability policy with Vouch appears to come bundled as a BOP. You can add additional coverage such as digital accessibility or hired/non-owned auto coverage.

Customer Satisfaction and Convenience

Financial Rating

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biBERK: Best for Bundling

biBERK scored 3.75 out of 5 because of its affordability, quick online quotes, and the services it offers to the customer. Its policies come bundled and affordable and are the best general liability insurance company for a business looking to bundle its coverage.

General Liability Cost & Coverage

When obtaining a quote from biBERK for general liability, the details state the policy is only $42 annually. However, it has a minimum annual premium of $275. For this price, you can obtain a BOP that includes general liability.

The general liability policy with biBerk excludes personal and advertising injury. If that is the coverage you seek, you will need a professional liability policy from the provider.

Customer Satisfaction and Convenience

Financial Rating

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Thimble: Best for Contractors

Thimble scored 3.75 out of 5 because of its convenience and policies offered. Thimble also received a bonus in our evaluation by providing the cheapest general liability insurance quote. Thimble is the best provider for independent contractors.

General Liability Cost & Coverage

A general liability policy with a $1 million limit costs $21.88 a month or $262.50 annually with Thimble.

Customer Satisfaction and Convenience

Financial Rating

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CoverWallet: Best for Policy Financing

CoverWallet scored 3.75 out of 5 in our evaluation because of its convenience and the policies it offers. CoverWallet is the best provider for a business owner looking for a payment plan for its policy.

General Liability Cost & Coverage

Its general liability policy covers personal and advertising injury, medical payments, bodily injury, and property damage. We received two quotes from CoverWallet. One was for $586 and the other for $596 from Hiscox and Chubb, respectively.

Customer Satisfaction and Convenience

Financial Rating

Get a Quote

Methodology: How We Evaluated

To determine which insurance companies would be the best for affordable general liability, we utilized a proprietary evaluation system developed in-house. We reviewed 18 insurance providers and presented the six with the highest scores. For this guide, we only considered carriers that would provide a quote. Each quote is for the same type of business with the same revenue, payroll, and number of employees. In evaluating insurance companies, we have focused on the customer’s needs. We paid particular interest to convenience, financial ratings (AM Best), customer service, types of policies offered, and the overall experience as a policyholder for a specific provider. Most people only care about insurance when they need it, and we wanted to ensure that what we are recommending is something that, should that moment come, you’ll feel comfortable with your purchase.

Bottom Line

General liability is essential to protect your business from lawsuits for negligence. But as a business owner, you have many expenses, so we researched more than 18 providers to find the cheapest general liability insurance policy for your small business. Progressive is the best overall for cheap general liability insurance. Visit Progressive today for a quote.

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