NEXT emerged as the top contender for Alaska’s best general liability insurance in MoneyGeek’s analysis with a score of 89 out of 100. However, Thimble, is also a great option for general liability policies.
Best General Liability Insurance in Alaska
Updated: June 20, 2025
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Key Takeaways
Due to its balance of affordable rates and strong customer service, NEXT is the top overall general liability insurance provider for LLCs in Alaska.
The cheapest general liability insurance for sole proprietors in Alaska is offered by Thimble at $24 per month. For LLCs, NEXT is the most affordable option at $43 a month.
General liability insurance costs in Alaska depend on your industry, and we found they can range from $25 to $1,498 per month on average.
Best Cheap General Liability Insurance in Alaska
| NEXT | 89 | $27 | $43 |
| Thimble | 81 | $24 | $71 |
*Rates were based on a $1,000,000 per occurrence and $2,000,000 aggregate limit for a software development company.
NEXT: Best Overall
pros
Easy fast buying process
Very cheap rates overall, regardless of business size
Business-insurance-only focus
cons
Higher customer complaint frequency
COMPANY HIGHLIGHTS
NEXT receives our top ranking for general liability insurance in Alaska by striking a balance between reasonable premiums and outstanding customer support. It offers the cheapest rates for LLCs in the state, at $43 monthly or $516 annually. It does have many claims compared to competitors, but makes up for it with a smooth process.
Thimble: Cheapest Overall
pros
Flexible coverage options
Cheap rates for sole proprietors
Fast online process
cons
Third-party claims service
COMPANY HIGHLIGHTS
Our Alaska winner for cheapest general liability coverage is Thimble. At flexible rates starting from $23 monthly with innovative short-term coverage options available by the hour, day, or month, its pricing stands out in the competitive Alaska market. While the company's claims statistics exceed regional competitors we've assessed, Thimble delivers through its user-friendly online platform and instant insurance verification services
How Much Is General Liability Insurance in Alaska?
An average general liability insurance policy in Alaska typically costs around $25 per month for sole proprietors and $57 per month for LLCs. However, this only represents software development companies and the costs can vary widely by industry.
| Cleaning | $1,184 | $38 |
| General Contractor | $1,498 | $73 |
| Software Development | $57 | $25 |
*Rates are based on a $1,000,000 per occurrence and $2,000,000 aggregate coverage policy for general liability.
Factors That Impact General Liability Insurance Costs in Alaska
General liability insurance costs can fluctuate based on a number of different factors in Alaska. In the list below, you can see these factors and their impacts on your coverage costs:
Policy limits
Coverage limits have a major impact on insurance premiums. Higher limits lead to increased costs, while lower limits usually result in more affordable premiums.
Number of employees and payroll costs
Businesses with a large workforce and high payroll expenses often see a rise in general liability insurance costs. This trend is evident in our analysis of LLCs and sole proprietorships.
Business location
Your business's location can greatly influence insurance costs. State-level average rates may differ from city to city, so consider these variations when assessing your coverage needs.
Claims history
A history of frequent claims can make a business appear riskier to insurers, leading to higher premiums.
Industry
Industries with higher risks, like construction, generally incur higher general liability insurance costs, similar to state-specific car insurance programs.
Alaska General Liability Insurance: Buyer's Guide
Business insurance is a complicated industry and can be difficult to navigate. So, to simplify your understanding of general liability insurance, we've created a short guide detailing how to get the best coverage, defining what it covers, listing requirements in Alaska, and explaining how much coverage you should consider getting.
How to Find the Best General Liability Insurance Company
To help ensure that you get the best small business insurance regardless of your industry, we've created a step-by-step guide to simplify your coverage search.
- 1
Define your coverage needs
Find out your liability risk by considering your industry, products or services, customer types, business size and market impact. To evaluate coverage options better, measure the frequency and costs of common claims in your industry.
- 2
Research average costs for your business
To find out how good of a deal you're getting from business insurance companies, you need to research average costs for your particular business.
- 3
Consult similar businesses
You can get recommendations from businesses that are better for your specific needs and have an understanding of what claims are common within your industry. They may also provide ways to mitigate risks associated with general liability insurance, so you don't need more coverage than necessary.
- 4
Compare multiple options through different means
You can judge which insurance option suits you best by comparing multiple companies. You can also choose multiple ways to compare, like online comparisons or using brokers. This can provide a comprehensive view of pricing.
What Does General Liability Insurance Cover and How Does It Work?
General liability insurance coverage consists of two parts: per occurrence and aggregate limits. Per occurrence refers to the maximum a single claim can go up to, while the aggregate limit is the total coverage you can get per year. In terms of covered items, this type of policy includes the following:
Bodily injuries or property damage on business property
Legal fees for bodily injury or property damage that your company may be responsible for
Damages to leased or rented business property
Bodily injury or property damage caused by your product or service
Libel, slander, or reputational harm legal defense
Legal fees for copyright infringement accusations
Is General Liability Insurance Required in Alaska?
Like in most states, general liability insurance isn't expressly required by state law and instead varies by your industry. However, if you are looking to apply for a professional license, sign a contract with a larger company, or sign an office lease, some form of general liability insurance may be required. While not an exhaustive list, the following industries tend to fall into these categories:
- Medical
- Accounting
- Real estate
- Insurance
- Contracting
- Engineering
- Marketing
- Law
- Consulting
- Media/Communications
How Much General Liability Insurance Do I Need?
Most small businesses will only need a standard policy with 1 million dollars of protection per occurrence and a 2 million limit per year. This will likely cover most or all damages caused over a year for most business types. Even so, your particular industry's risks and the size of your operation may require a larger coverage limit than standard.
WHO MAY NEED MORE COVERAGE
Companies in health services, building, contracting, places like hotels and stores often see the highest insurance claims. If your business is in one of these areas, think about getting more insurance coverage. Bigger companies with many workers or those that sell many products should also look at their risks. They might need more than the minimum coverage to stay safe.
Best General Liability Insurance in Alaska: Bottom Line
Overall the best general liability insurance companies in Alaska are NEXT and Thimble. However, we recommend comparing around yourself and getting plenty of quotes to ensure you get the best deal possible.
General Liability Insurance in Alaska: FAQ
Below, we address frequently asked questions regarding general liability insurance in Alaska:
Which company has the best general liability insurance in Alaska?
MoneyGeek's leading choice for general liability insurance in Alaska is NEXT, which earned an overall score of 89 out of 100. However, the ideal insurance for you depends on various details, including your business size, number of employees, and specific coverage requirements.
Which company has the cheapest general liability insurance in Alaska?
For sole proprietors, Thimble offers the cheapest coverage with an average annual rate of $288. For LLCs, NEXT provides the most affordable option with an average annual rate of $516.
Does Alaska require businesses to have general liability insurance?
Alaska does not require businesses to carry general liability insurance. However, securing this insurance is a smart choice for protecting against financial losses from third-party liability claims.
How We Chose the Best General Liability Insurance Providers in Alaska
We broke down our scores into these categories and weights:
- LLC cost (55% of score)
- Sole proprietor cost (5% of score)
- Customer satisfaction (25% of score)
- Financial strength (10% of score)
- Quote process time (5% of score)
For all business insurance companies, we assumed software development industry LLCs with 20 employees. We based customer satisfaction and financial strength scores on NAIC and AM Best ratings. Quote process scores came from our MoneyGeek experts' personal experiences.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.