Best General Liability Insurance in Georgia (2024)

MoneyGeek analyzed insurance companies based on affordability, customer satisfaction, financial stability and their online quote process to rank the best general liability insurance providers in Georgia. Thimble ranked as the best insurer overall, earning a MoneyGeek score of 90 out of 100. A general liability insurance policy from Thimble costs an average of $22 per month for sole proprietors and $65 per month for limited liability companies (LLCs) with 20 employees. Next is the cheapest company for general liability insurance in Georgia, charging $25 monthly for both LLCs with 20 employees and sole proprietors.

Thimble offers the best general liability insurance in Georgia, earning a MoneyGeek score of 90 out of 100. We analyzed insurers in Georgia based on their average costs and other factors. You can use the table below to see how the best companies ranked, their rates and their MoneyGeek scores.

Next is the cheapest company for general liability insurance in Georgia, charging an average of $25 per month for LLCs and $25 per month for sole proprietors. We determined the cheapest insurers based on an affordability score that combines the monthly cost for sole proprietors and the monthly cost for LLCs, each weighted at 50%. The cheapest company overall may not have the cheapest rates for both sole proprietors and LLCs.

Nationwide offers the best general liability insurance for employers in Georgia, with a MoneyGeek score of 95 out of 100. Nationwide’s policy for LLCs costs an average of $43 per month.

These rankings are based on the average monthly cost for LLCs with 20 employees. General liability insurance costs in Georgia vary depending on the employee count. Businesses with less than 20 employees pay less than the average rate, but those with more employees pay higher rates.

Thimble is the best company for sole proprietors In Georgia, earning a MoneyGeek score of 95 out of 100. Policies cost an average of $22 per month, the cheapest rate for sole proprietors. This analysis is based on average rates for a sole proprietor with no employees. Rates may vary depending on the industry, with sole proprietors in risky industries like construction paying higher rates.

You do not need general liability insurance to legally operate a business in Georgia, but it is still recommended that you purchase it.

General liability offers coverage for:

• Third-party bodily injuries: If a third party suffers injuries at your business, a general liability policy will cover the cost of the injuries.
• Third-party property damage: If a third party’s property is damaged by your business or employees, a general liability policy will cover the damages.
• Personal and advertising injury: General liability insurance covers your legal expenses and damages if your business or employees are sued for personal or advertising injuries like libel or copyright violations.

In some cases, you may need general liability insurance to obtain operating licenses or win contracts in specific industries.

The business insurance requirements in Georgia require that all businesses with more than three employees carry workers’ compensation insurance. Businesses are also required by law to have commercial auto insurance for business vehicles with the following minimum limits:

• $25,000 per person for bodily injury liability
• $50,000 per accident for bodily injury liability
• $25,000 per accident for property damage liability

The average cost of general liability insurance in Georgia is $31 per month for sole proprietors and $61 per month for LLCs with 20 employees.

Our analysis is based on a policy with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible. The aggregate limit refers to the maximum amount that a general liability policy can pay for claims during a given policy period, while the occurrence limit is the maximum payable per claim. The deductible is the amount required from the business owner before the policy can pay a claim.

General liability insurance costs vary for each business depending on specific factors, including:

We answered commonly asked questions to help you learn more about general liability insurance in Georgia.