After examining affordability, customer satisfaction, financial stability and the online quote process, MoneyGeek found that Nationwide is the best general liability insurance company in Delaware, with policies costing an average of $38 per month for LLCs with 20 employees and $34 per month for sole proprietors with no employees.

For those on a tight budget, MoneyGeek found Next provides the most affordable premiums, with general liability coverage costing $26 per month for LLCs with 20 employees and $25 per month for sole proprietors without employees.

MoneyGeek Logo IconBest General LiabilityDelaware
2024

Best General Liability Insurance in Delaware

Why Trust MoneyGeek? We collected 1,229 general liability insurance quotes and analyzed cost information alongside customer satisfaction and financial stability reports to determine the best general liability insurance companies for small businesses in Delaware.

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Coverage costs and company information for general liability insurance providers in Delaware were last updated in 2023.

1,229Quotes Analyzed
 
6 Companies Compared
 
50 Zip Codes

Best Overall General Liability Insurance in Delaware

Nationwide is Delaware's best general liability insurance company, with a MoneyGeek score of 89 out of 100. The table below shows our rankings of Delaware's top general liability insurance companies, including their average costs and MoneyGeek scores.

How was this MoneyGeek score calculated?

NationwideMoneyGeek Score89Monthly Cost Without Employees$34Monthly Cost With 20 Employees$38
ThimbleMoneyGeek Score89Monthly Cost Without Employees$22Monthly Cost With 20 Employees$63
NextMoneyGeek Score89Monthly Cost Without Employees$25Monthly Cost With 20 Employees$26
The HartfordMoneyGeek Score87Monthly Cost Without Employees$31Monthly Cost With 20 Employees$53
HiscoxMoneyGeek Score84Monthly Cost Without Employees$29Monthly Cost With 20 Employees$84
Best OverallScore: 89
Nationwide
4/5LLC Affordability
1/5Sole Proprietor Affordability
5/5Customer Satisfaction
4/5Financial Stability
3/5Online Quote Process
PROS

Fast online quote system

Most affordable premium for sole proprietors

Financially stable

CONS

Low customer satisfaction score

More expensive for LLCs

Company Highlights

Nationwide's general liability insurance is an excellent choice for those in Delaware due to its affordability and financial stability. Its premium is affordable for sole proprietors at around $34 per month, though more expensive than other insurers for LLCs at $38 per month.

While Nationwide's customer satisfaction ratings are lower than other companies in our comparison group, it can provide fast quotes, with an average time of 2.47 seconds.

Cheapest General Liability Insurance in Delaware

Next has the most affordable general liability insurance in Delaware, with an average monthly cost of $25 for sole proprietors and $26 for LLCs. The company earned a MoneyGeek score of 96 out of 100 based on an affordability score that considers the average monthly cost for sole proprietors and LLCs, weighted 50% each. While Next is the cheapest overall option, it might not be the most affordable for both business types.

How was this MoneyGeek score calculated?

CheapestScore: 96
Next
5/5LLC Affordability
4/5Sole Proprietor Affordability
0/5Customer Satisfaction
2/5Financial Stability
4/5Online Quote Process
PROS

Relatively online quote system

Cheapest option for LLCs and second cheapest for sole proprietors

CONS

Low financial stability score

Company Highlights

Next is the most affordable provider of general liability insurance in Delaware, with the lowest rate for LLCs averaging $26 per month and the second-lowest rate for sole proprietors averaging $25 per month. Next received A- (Excellent) from AM Best, but other insurers in our comparison group had higher ratings. You can also get a quote from Next in about a minute or less, which is the second-fastest quote speed in this category.

Best General Liability Insurance for Employers in Delaware

Nationwide is rated as the best general liability insurance provider in Delaware, earning a MoneyGeek score of 95 out of 100. On average, premiums with Nationwide cost $38 per month for LLCs with 20 employees. Businesses with fewer than 20 employees might pay lower premiums, while those with more than 20 employees could pay more.

How was this MoneyGeek score calculated?

Best for EmployersScore: 95
Nationwide
4/5LLC Affordability
5/5Customer Satisfaction
4/5Financial Stability
3/5Online Quote Process
PROS

Excellent customer satisfaction ratings

Financially stable

Second cheapest for LLCs

CONS

Slower online quote system

Company Highlights

Delaware employers looking for the best general liability insurance option should consider Nationwide. With a high customer satisfaction rating and an A+ (Superior) rating from AM Best, Nationwide provides quality coverage at an affordable price. Although it may take a bit longer to provide a quote, the extra wait time is worth the peace of mind that comes with a top-rated insurer.

Best General Liability Insurance for Sole Proprietors in Delaware

Thimble emerged as the best general liability insurance company for sole proprietors out of the insurers we analyzed, earning a MoneyGeek score of 95 out of 100. On average, Thimble's policy costs $22 per month. This rate is based on a one-person business with no employees. Businesses in high-risk industries like construction might be charged higher premiums than those in low-risk industries.

How was this MoneyGeek score calculated?

Best for Sole ProprietorsScore: 95
Thimble
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Cheapest option for sole proprietors

High financial stability ratings

Fast quote system

CONS

Low satisfaction score

Company Highlights

Thimble is the best option for Delaware sole proprietors looking for general liability insurance. Its policies are more affordable than any other provider we researched, averaging just $22 per month. Plus, Thimble has the financial power to cover your claims, earning an A+ (Superior) rating from AM Best. Thimble's online quoting system is also fast and easy to use, but customers may want to be aware of the insurer’s higher-than-normal customer complaint rate.

Do You Need General Liability Insurance in Delaware?

Although general liability insurance is not legally required in Delaware, business owners should still consider purchasing it to protect their company from financial losses due to lawsuits and other liabilities. General liability insurance protects business owners from claims such as property damage, bodily injury and personal injury to a third party. It can also cover court costs, legal fees and settlements.

In terms of other business insurance, companies with at least one employee in Delaware must obtain workers’ compensation insurance. This insurance covers medical expenses, lost wages and disability payments for employees who are injured or become ill due to work-related activities.

Commercial auto insurance with the following limits is required in Delaware for any business that operates a vehicle used for business purposes.

  • $25,000 per person
  • $50,000 per accident for bodily injury
  • $10,000 for property damage
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SMALL BUSINESS RESOURCES IN DELAWARE

The Delaware Small Business Development Center provides business consulting, training and education through its small business growth programs and events. The program is available to businesses in various industries and stages of growth. They host events and webinars to help business owners connect with other professionals and resources.

How Much Is General Liability Insurance in Delaware?

In Delaware, the average monthly cost of general liability insurance for sole proprietors is $28 and for LLCs, it is $53. This policy provides a $2 million aggregate limit, a $1 million limit per incident and a $0 deductible.

The aggregate limit is the maximum amount the insurer will pay out for all claims in one policy period, while the occurrence limit is the most an insurer will pay out for a single claim. The deductible is the amount the business owner will pay out of pocket before the insurer will cover any claims.

Factors That Impact General Liability Insurance Costs in Delaware

The price of general liability insurance can differ between businesses depending on several key considerations, including:

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    Policy limits

    Higher liability coverage limits typically mean a higher insurance premium since the insurer is taking on more risk by providing a higher level of protection. This increased risk requires the insurer to charge a higher premium to protect themselves against potential losses. On the other hand, lower coverage limits may result in lower premiums, as the insurer is exposed to less risk.

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    Number of employees and payroll costs

    LLCs in Delaware typically shell out approximately $53 on a monthly basis for general liability insurance, which is more than the amount a sole proprietorship pays ($28 per month). This is largely due to the fact that businesses with higher payroll costs and a greater number of workers tend to pay a higher premium.

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    Business location

    The location of your business can have a considerable effect on the price of your general liability insurance. For instance, businesses in areas that are more crime-prone or that have high rates of claims will typically pay higher premiums than those in less populated or safer areas. This is reflected in the fact that the average insurance costs can be different in different cities, even within the same state.

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    Claims history

    Insurance providers evaluate the risk of insuring a business by examining its claims history. Those businesses with a pattern of filing many or large claims may be seen as risky and thus may be charged higher premiums.

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    Industry

    In Delaware, the cost of general liability insurance can vary greatly depending on the type of industry, with businesses in higher-risk sectors typically paying more than those in lower-risk industries like software development. As a point of reference, the following table presents the average cost of general liability insurance for cleaning businesses, software development companies and general contractors in Delaware.

General ContractorMonthly Cost Without Employees$235Monthly Cost With 20 Employees$3,645
Software DevelopmentMonthly Cost Without Employees$28Monthly Cost With 20 Employees$53
CleaningMonthly Cost Without Employees$110Monthly Cost With 20 Employees$2,660

Frequently Asked Questions About General Liability Insurance in Delaware

When it comes to purchasing general liability insurance in Delaware, the best insurer and coverage for you will depend on the type of business you run, your location and any other factors that are exclusive to you. We answered the most commonly asked questions about general liability insurance to help you make an informed decision.

Which company has the best general liability insurance in Delaware?
Which company has the cheapest general liability insurance in Delaware?
What does general liability insurance cover in Delaware?
Does Delaware require businesses to have general liability insurance?

About Melissa Wylie


Melissa Wylie headshot

Melissa Wylie is a Content and SEO Manager at MoneyGeek. Melissa has worked in the financial content space since 2018 and has spent much of that time focused on all things small business.

Prior to joining MoneyGeek, Melissa held SEO positions at Bankrate and LendingTree. Melissa’s work has also appeared on LendingTree-owned websites ValuePenguin and MagnifyMoney.

Melissa began her career at American City Business Journals in 2015 as a reporter for the company’s women-focused publication Bizwomen. Melissa has a Bachelor of Arts in Journalism from the University of North Texas. Melissa relies on her foundation in journalism to craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.

Melissa's other work can be read on LendingTree and Bizwomen.


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