Best General Liability Insurance in Alabama (2024)

When selecting the best general liability insurance for businesses in Alabama, we considered several factors, such as affordability, customer satisfaction, financial stability and the simplicity of the online quote process. We found that Thimble is both the best and most affordable option for general liability insurance in Alabama. With Thimble, limited liability companies (LLCs) with 20 employees pay an average of $62 per month, while sole proprietors without employees pay $22 monthly.

Thimble earned the highest MoneyGeek score of 92 out of 100 out of the insurers we reviewed in Alabama for general liability insurance. The table below displays the MoneyGeek scores and costs of the companies we evaluated.

Thimble is the most affordable provider of general liability insurance in Alabama. On average, LLCs pay $62 per month and sole proprietors pay $22 per month. To determine the cheapest option, we created an affordability score based on the monthly costs for LLCs and sole proprietors (both are weighted 50%). The winner, Thimble, may not offer the lowest rates for both business entity types, but it is the most cost-effective insurer overall.

With a score of 97 out of 100, Nationwide is the best insurer for employers in Alabama searching for general liability insurance. On average, policies from this company cost $37 per month. This average monthly cost is based on LLCs with 20 employees. Companies with fewer than 20 employees will probably have to pay less than the average cost, while those with more than 20 employees may pay more.

Sole proprietors looking for general liability insurance fare best with Thimble, which earned the highest score of 94 out of 100 in MoneyGeek's analysis of five insurers. Its average monthly policy cost is $22, applicable to one-person businesses with no employees. This rate may vary depending on the business's industry since those in high-risk fields like construction could see pricier rates than those in low-risk industries like software development.

When it comes to business insurance, general liability insurance is not legally required to operate a company in Alabama. However, it is an important form of protection that business owners should consider purchasing. It provides coverage for legal costs and damages related to claims of property damage, bodily injury and personal injury caused by the business. It also provides coverage for libel, slander, copyright infringement and reputational harm. This type of coverage is especially important for businesses that interact with customers in any way since it can help protect against customer lawsuits.

Businesses in Alabama with at least five full-time or part-time employees must have workers' compensation insurance. This type of insurance provides coverage for medical expenses and lost wages for employees injured or ill while on the job.

Commercial auto insurance with the following limits is required for any business that owns and operates vehicles in Alabama:

• $25,000 bodily injury liability limit per person
• $50,000 maximum for all bodily injuries per accident
• $25,000 maximum for property damage per accident

This insurance covers any losses or damages that may be caused by the operation of company vehicles or any injuries that occur in an accident.

In Alabama, LLCs with 20 employees pay an average of $70 per month for general liability insurance. Sole proprietors with no staff can expect to pay approximately $28 monthly. This policy comes with an aggregate limit of $2 million, an occurrence limit of $1 million and a $0 deductible.

The aggregate limit is the maximum amount of money an insurer will pay out in claims during the length of the policy, while the occurrence limit is the maximum amount that can be covered for each claim. The deductible is the amount the business owner must pay upfront before the insurance provider takes over.

General liability insurance costs can vary from business to business depending on key factors, such as:

The best general liability insurance for your business will depend on your individual needs and other factors. Here are some frequently asked questions and their answers.