Nationwide emerged as the top contender for Indiana’s best general liability insurance in MoneyGeek’s analysis with a score of 95 out of 100. However, The Hartford, NEXT, Thimble, and Hiscox are also great options for best general liability insurance.
Best General Liability Insurance in Indiana
Nationwide, The Hartford and NEXT are the best and cheapest general liability insurance providers in Indiana, with rates starting at $24 per month.
Start comparing affordable providers in Indiana below.
Select your industry
Updated: June 20, 2025
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Key Takeaways
Overall, the best general liability insurance company in Indiana is Nationwide, which has a great balance of affordable rates for LLCs and good customer service.
The cheapest general liability insurance for sole proprietors in the state is offered by NEXT at $27 per month. For LLCs, NEXT is the most affordable option at $28 a month.
General liability insurance costs in the Hoosier State depend on your industry, and we found they can range from $30 to $2,711 per month on average.
Best Cheap General Liability Insurance in Indiana
| Nationwide | 95 | $37 | $40 |
| The Hartford | 92 | $34 | $54 |
| NEXT | 90 | $27 | $28 |
| Thimble | 86 | $24 | $63 |
| Hiscox | 83 | $32 | $97 |
*Rates were based on a $1,000,000 per occurrence and $2,000,000 aggregate limit for a software development company.
Nationwide: Best Overall
pros
Low rates for LLC businesses
Large coverage selection
Low customer claims frequency
cons
Higher rates for sole proprietors
COMPANY HIGHLIGHTS
Nationwide is the best overall general liability insurance in Indiana due to its outstanding balance of competitive pricing and reliable customer relations. The company tied for first for the lowest claims ratio from the NAIC and ranks second overall for LLC affordability with average rates of $444 annually, making it an excellent choice for Indiana businesses.
NEXT: Cheapest 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 is our pick for the cheapest overall general liability insurance in Indiana. The company offers exceptional rates for sole proprietors at $27 per month and competitive pricing for LLCs at $28 monthly. While its claims ratio was higher than other companies we've reviewed in the state, their overall buying process was smooth, and you can get proof of insurance within the same day.
How Much Is General Liability Insurance in Indiana?
An average general liability insurance policy in Indiana typically costs around $30 per month for sole proprietors and $56 per month for LLCs. However, this only represents software development companies and the costs can vary widely by industry.
| Cleaning | $1,440 | $76 |
| General Contractor | $2,711 | $177 |
| Software Development | $56 | $30 |
*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 Indiana
General liability insurance costs can fluctuate based on a number of different factors in Indiana. In the list below, you can see these factors and their impacts on your coverage costs: business size, industry, location, claims history, and coverage limits.
Policy limits
Coverage limits can greatly influence insurance premiums. Opting for higher limits leads to increased costs, whereas selecting lower limits usually results in more affordable premiums.
Number of employees and payroll costs
Businesses employing a large workforce and incurring significant payroll expenses should expect an increase in general liability insurance costs. This trend is evident in our analysis of LLCs and sole proprietorships.
Business location
Where your business operates can greatly affect your insurance costs. Keep in mind that state-level average rates may differ from one city to another, so consider these variations when assessing your coverage needs.
Claims history
A track record of multiple claims can make a business seem riskier to insurers, leading to higher premiums.
Industry
Certain industries, like construction, are considered higher risk and typically face higher general liability insurance costs. In Indiana, similar programs for business insurance may apply.
Indiana 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 Indiana, 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
Assess 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 understand how good of a deal you're getting from business insurance companies, you need to research average costs for your particular business. Knowing average expenses will give you an idea of whether a company is saving you money or not.
- 3
Consult similar businesses
Your business community is your greatest resource, which can give you recommendations that are better for your specific needs. They may also provide ways to mitigate risks associated with general liability insurance so that you may not need more coverage than necessary.
- 4
Compare multiple options through different means
Comparing multiple companies lets you see which option is best for your business. Also, choosing multiple means of comparison, like online comparison sites and brokers, will give you a better view of pricing and provide more opportunities to get advice.
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 Indiana?
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
Certain businesses face more risks than others and often have to pay more for general liability insurance. These include companies in health care, building, working as contractors, running hotels or restaurants, and selling things in stores. If your business is in one of these groups, consider getting more insurance to protect yourself.
Best General Liability Insurance in Indiana: Bottom Line
Overall the best general liability insurance companies in Indiana are Nationwide, The Hartford, and NEXT. However, we recommend comparing around yourself and getting plenty of quotes to ensure you get the best deal possible.
General Liability Insurance in Indiana: FAQ
Below, we address frequently asked questions regarding general liability insurance in Indiana:
Which company has the best general liability insurance in Indiana?
MoneyGeek's first choice for general liability insurance in Indiana is Nationwide, which earned an overall score of 95 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 Indiana?
NEXT offers the most affordable general liability insurance in Indiana for both business types. For sole proprietors, NEXT provides the lowest rates at $324 annually ($27 per month). For LLCs, NEXT also offers the best rates at $336 per year ($28 per month).
Does Indiana require businesses to have general liability insurance?
In Indiana, while general liability insurance is not legally required, it is a smart choice to protect your business from financial losses due to third-party liability claims.
How We Chose the Best General Liability Insurance Providers in Indiana
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.