After evaluating key factors such as affordability for LLCs and sole proprietors, customer satisfaction, financial stability and the online quote process, MoneyGeek identified the best general liability insurance providers in Idaho.

Thimble is the overall winner and also earned the top spot for the most affordable insurer for general liability insurance in Idaho. The company provides coverage for sole proprietors with no employees at $22 per month. For limited liability companies (LLCs) with 20 employees, Thimble has slightly higher rates, averaging $53 per month.

MoneyGeek Logo IconBest General LiabilityIdaho
2024

Best General Liability Insurance in Idaho

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 Idaho.

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

1,229Quotes Analyzed
 
6 Companies Compared
 
50 Zip Codes

Best Overall General Liability Insurance in Idaho

With a MoneyGeek score of 92 out of 100, Thimble offers the best general liability insurance in Idaho based on our findings. In the table below, you'll find the costs and MoneyGeek scores for all the companies we evaluated in Idaho.

How was this MoneyGeek score calculated?

Thimble92$22$53
Nationwide91$33$40
The Hartford88$31$53
Next87$26$35
Hiscox83$29$106
Best OverallScore: 92
Thimble
4/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Cheapest option for sole proprietors

Offers online quotes in 43 seconds

CONS

High rate of customer complaints

More expensive rates for LLCs

Company Highlights

Thimble, our top-ranked company for general liability insurance in Idaho, excels in several categories. It is the cheapest option for sole proprietors, with a monthly cost of $22. Additionally, Thimble provides convenient online quotes in as little as 43 seconds for potential customers. The company even boasts an A+ rating from AM Best, indicating its high financial strength and stability.

Thimble's rates for LLCs are higher than average, with a monthly cost of $53. Furthermore, Thimble received a high rate of customer complaints based on ratings from the National Association of Insurance Commissioners (NAIC).

Cheapest General Liability Insurance in Idaho

Thimble is the cheapest company, with a monthly cost of $22 for sole proprietors and $53 for LLCs. Our ranking methodology used an affordability score that combines the monthly costs for both sole proprietors and LLCs, with each weighted equally at 50%. Keep in mind that the cheapest overall company may not have the lowest cost for both sole proprietors and LLCs individually.

How was this MoneyGeek score calculated?

CheapestScore: 96
Thimble
4/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Offers the cheapest sole proprietor monthly rates

Fast online quote process

High financial strength rating

CONS

LLC monthly rates are slightly higher than average

Company Highlights

Thimble offers the cheapest monthly rates for sole proprietors at $22 per month, which is beneficial for small business owners looking for affordable coverage without compromising quality. Additionally, Thimble's fast online quote application process, generating quotes in as little as 43 seconds, saves customers time. The company's high financial strength rating, indicated by its A+ rating from AM Best, demonstrates its ability to pay out claims. On the downside, Thimble's monthly rates for LLCs are slightly higher than average at $53 per month.

Best General Liability Insurance for Employers in Idaho

Nationwide is the best company for employers in Idaho, earning a MoneyGeek score of 97 out of 100. These rankings are based on the average monthly cost for LLCs with 20 employees, and Nationwide offers an average monthly rate of $40 for these businesses. Your rate can change based on the number of employees you have. Businesses with less than 20 employees can expect to pay below-average fees, while larger businesses may need to pay higher premiums.

How was this MoneyGeek score calculated?

Best for EmployersScore: 97
Nationwide
5/5LLC Affordability
5/5Customer Satisfaction
4/5Financial Stability
3/5Online Quote Process
PROS

Affordable

Receives few customer complaints

Strong financial strength

CONS

Can take some time to generate online quotes

Company Highlights

In Idaho, Nationwide ranks second in affordability overall, with an average monthly cost of $40 for LLCs with 20 employees. Nationwide receives few customer complaints, indicating a high level of customer satisfaction and reliability in their services. The company's A+ AM Best rating assures employers that Nationwide has the resources to meet policy obligations. However, the process of generating online quotes with Nationwide may take two minutes or more, which is longer than average.

Best General Liability Insurance for Sole Proprietors in Idaho

Thimble offers the best general liability insurance in Idaho for sole proprietors, with a MoneyGeek score of 95 out of 100. Its average monthly cost for sole proprietors with no employees is $22. Costs may increase for sole proprietors in riskier industries, including those in construction.

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

Low rates

Offers quick online quotes

Strong financial stability

CONS

High number of customer complaints

Company Highlights

Thimble is our provider of choice for sole proprietors in Idaho. With the lowest rates among our five researched providers at just $22 per month, Thimble provides affordable coverage that fits any budget. Its 25-second online quote process is much faster than other providers. Moreover, Thimble's A+ financial strength rating assures customers of its strong financial stability and ability to pay out claims. One main drawback is that it has a high number of complaints compared to other providers, indicating a lack of customer satisfaction.

Do You Need General Liability Insurance in Idaho?

General liability insurance is not legally required for businesses, but it offers crucial protection against financial risks. It covers property damage, bodily injury and advertising injury claims. Without this coverage, business owners could be personally responsible for expenses associated with liability claims. While not mandatory, general liability insurance might be necessary to obtain licenses or win contracts in certain industries, enhancing credibility.

In addition to general liability insurance, another type of business insurance that companies may need is workers’ compensation insurance, which is required for Idaho businesses with one or more employees. This provides benefits to employees who suffer work-related injuries or illnesses, including medical expenses, wage replacement and rehabilitation costs.

In Idaho, commercial auto insurance requires a minimum coverage of $25,000 per person and $50,000 per accident for bodily injury, plus $15,000 for property damage. This ensures businesses can cover costs resulting from accidents or damages involving company vehicles.

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SMALL BUSINESS RESOURCES IN IDAHO

The Idaho Small Business Development Center offers valuable resources for small business owners in the form of no-cost, confidential consulting and affordable training. These services aim to support and empower entrepreneurs across Idaho.

How Much Is General Liability Insurance in Idaho?

In Idaho, the average monthly cost of general liability insurance is $57 for LLCs and $28 for sole proprietors. The policy limits we set for coverage include a $2 million aggregate limit and a $1 million occurrence limit with a $0 deductible.

These limits have specific implications for business owners. The $2 million aggregate limit represents the maximum amount the insurance policy will cover over a specific period, typically a year. The $1 million occurrence limit indicates the maximum amount the policy will pay for a single covered incident. Having a $0 deductible means that the business owner is not responsible for any out-of-pocket expenses before their insurance coverage kicks in.

Factors That Impact General Liability Insurance Costs in Idaho

The cost of general liability insurance varies for each business based on these factors:

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    Policy limits

    Policy limits refer to the maximum amount an insurance policy will pay for covered claims. Higher policy limits typically result in higher insurance premiums since they provide greater coverage and financial protection for potential liabilities.

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    Number of employees and payroll costs

    Generally, Idaho businesses with more employees and higher payroll expenses spend more on insurance premiums compared to sole proprietorships, as there is an increased risk of potential claims. This is apparent based on the $29 per month difference in Idaho between coverage for sole proprietors and LLCs with 20 employees.

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    Business location

    Cities in high-risk locations or areas with a history of frequent claims may experience higher premiums than state averages. Our statewide averages can vary depending on the city your business is in.

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    Claims history

    If a business has a history of frequent claims or high-value claims, it might be perceived as a higher risk by insurers, leading to higher premiums.

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    Industry

    Different industries carry varying levels of risk, and insurers assess the potential for claims and liabilities accordingly. High-risk industries, such as construction or manufacturing, may have higher insurance premiums. Review the table to see how the average cost of general liability insurance in Idaho can change based on your industry.

General Contractor$115$2,027
Software Development$28$57
Cleaning$49$1,100

Frequently Asked Questions About General Liability Insurance in Idaho

To help you find the right general liability insurance for your business, we've answered common questions about general liability insurance in Idaho.

Which company has the best general liability insurance in Idaho?

Which company has the cheapest general liability insurance in Idaho?

What does general liability insurance cover in Idaho?

Does Idaho require businesses to have general liability insurance?

About Melissa Wylie


Melissa Wylie headshot

Melissa Wylie is the Content and SEO Manager at MoneyGeek, with nearly a decade of editorial experience and six years of work in financial content focused on small businesses. She previously held SEO positions at Bankrate and LendingTree, with bylines on ValuePenguin and MagnifyMoney.

Wylie has a journalism degree from the University of North Texas. Her strong foundation in journalism helps her craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.