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.

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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.

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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.

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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.

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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.

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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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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.

Thimble is our top-ranked company for general liability insurance in Idaho. It offers affordable monthly premiums and provides fast online quotes. The best fit for your general liability insurance needs will depend on factors such as your business size, employee count and specific coverage requirements.

Thimble is also the cheapest overall insurer for general liability insurance in Idaho. Its rates for sole proprietors are the lowest among the insurers we analyzed, but its rates for LLCs are slightly higher than average. We advise you to take into account your unique circumstances and requirements when shopping for insurance coverage.

General liability insurance in Idaho typically covers third-party claims for property damage, bodily injury and advertising injury. It may not cover professional errors, employee injuries or intentional acts.

Idaho does not legally require businesses to have general liability insurance. Depending on the industry and specific requirements, businesses may need general liability insurance to obtain licenses or win contracts.

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.