Best General Liability Insurance in Kansas (2024)
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By weighing variables like cost, customer service, financial stability and ease of online quotes, MoneyGeek selected Kansas's best general liability insurance providers. Thimble took first place due to its high scores across all of these parameters. This insurer's average policy costs $54 per month for limited liability companies (LLCs) with 20 employees and $22 per month for sole proprietors with no employees.
Next provides Kansas business owners who are on a budget with the cheapest general liability insurance. For LLCs with 20 workers, general liability coverage from Next costs $35 monthly. For sole proprietors with no employees, it costs $26 monthly.
Best Overall General Liability Insurance in Kansas
Thimble has a MoneyGeek score of 90 out of 100, making them the best general liability insurance provider in Kansas. The following table displays our rankings of the Kansas companies we analyzed, along with their MoneyGeek scores and average premiums.
Faster online quote system
Cheapest for sole proprietors
High financial stability
Poor customer satisfaction
More expensive for LLCs
Thimble's general liability insurance is affordable, and its quotes are generated quickly, making it our top choice in Kansas. The company is the second least expensive for LLCs at roughly $54 per month, but it’s cheaper than all competitors for sole proprietors at $22 per month.
Thimble’s customer satisfaction is not the best in Kansas. It received the most number of complaints in the state among the insurers we compared. An A+ rating from AM Best also represents how the company is financially sound and how you will be financially protected.
Cheapest General Liability Insurance in Kansas
Overall, Next provides the cheapest general liability insurance in Kansas, with an average monthly premium of $35 for LLCs and $26 for sole proprietors.
We created an "affordability" score that combines the monthly fees for LLCs and solo proprietors, both weighted at 50%, in order to rank companies in this area. As a result, our winner's cost for both entity types may not be the lowest.
The cheapest for LLCs and the second-cheapest for sole proprietors
Fairly fast online quote speeds
Low financial stability
Next is the cheapest company for general liability insurance in Kansas. Of the five insurers in our study, Next offers the most affordable rate for LLCs at an average of $35 per month and the second-lowest rate for sole proprietors, averaging $26 monthly.
Next received a fairly low rating from AM Best, which means it’s less likely to be financially stable. This may impact claim payouts. The other companies we reviewed fared better in financial stability. Regardless, you can get quotes faster from Next than most of its competitors.
Best General Liability Insurance for Employers in Kansas
A MoneyGeek score of 96 out of 100 placed Nationwide as the best company for Kansas employers seeking general liability insurance. This company's average monthly policy costs $40.
MoneyGeek based the rankings on the average monthly premium for LLCs with 20 workers. The number of employees has a big impact on general liability insurance costs. You will probably spend less if you have fewer than 20 employees, while more than 20 employees will result in higher premiums.
The second-cheapest for LLCs
High financial stability
Strong customer satisfaction
High online quote processing speeds
Nationwide offers a high affordability, customer satisfaction and financial stability rating from MoneyGeek, which could give an assurance to the Kansas LLCs that the company is the best choice for general liability insurance. Its policies cost an average of $40 per month for LLCs with 20 employees, the second-cheapest rate in the state.
A high financial strength rating from AM Best indicates that businesses can rest assured they are financially well protected. The best rating in complaint score compared to other companies also indicates how the insurer meets the expectations of the policyholders.
Best General Liability Insurance for Sole Proprietors in Kansas
Thimble, with a MoneyGeek score of 95 out of 100, offers the best general liability insurance for sole proprietors in Kansas. Its monthly premium is approximately $22.
Our rankings for companies in this category were determined by the average costs for sole proprietors. Those in more hazardous industries, such as construction, may pay a higher premium for general liability insurance.
The most affordable for sole proprietors
Faster quote processing
High financial strength
Low customer satisfaction
In Kansas, Thimble offers sole proprietors the best general liability insurance, with its policies costing an average of $22 per month. This is the cheapest among the companies we reviewed. The company was also rated the best in online quote processing, which saves you a lot of time while searching for personalized quotes.
Thimble has the financial strength you want to handle your claims. It received an A+ (Excellent) rating from AM Best, the second-highest rating available. However, the insurer has a fairly high customer complaint rating, which means you may experience issues while filing a claim.
Do You Need General Liability Insurance in Kansas?
Although Kansas law does not mandate companies to purchase general liability insurance, it is a good idea to buy a policy to safeguard your business from financial loss caused by liability claims from third parties. It offers protection for:
- Third-party bodily injuries: General liability insurance can be used to help pay for the medical expenses of a customer who is injured on your business's premises.
- Third-party property damage: General liability insurance covers costs associated with property damage to third parties brought on by your company or its personnel.
- Personal and advertising injury: If your company or employees have a slander, libel or copyright infringement lawsuit, general liability insurance will cover your legal fees and damages.
Keep in mind that in some fields, acquiring general liability insurance is a prerequisite to obtaining a business license or landing a contract.
In Kansas, it is mandatory for businesses with one or more employees to purchase workers' compensation insurance as well as other types of business insurance. For any company-owned vehicles they possess, companies must purchase commercial auto insurance with at least the following minimum limits:
- $25,000 per person
- $50,000 per accident for bodily injury
- $25,000 for property damage
The Kansas Small Business Development Center (SBDC), funded at the federal level by the Small Business Administration (SBA), is an organization that works with small businesses and entrepreneurs. Besides providing comprehensive, long-term assistance for businesses, SBDC advisors offer one-on-one guidance on preparing the necessary business plan and financial projections for raising funds via loans and grants.
How Much Is General Liability Insurance in Kansas?
In Kansas, an LLC with 20 workers pays an average of $51 per month for general liability insurance, while a sole proprietor with no employees pays an average of $29 per month.
These rates reflect a policy with a $2 million aggregate limit, a $1 million per-occurrence limit and a $0 deductible. A policy's aggregate limit is the maximum amount of money an insurer will pay out in total for claims over the policy term, while an occurrence limit is the maximum it will pay out for any one claim. The deductible is the out-of-pocket expense that company owners must pay before their insurance policy takes effect.
Factors That Impact General Liability Insurance Costs in Kansas
General liability insurance premiums differ depending on the type of business and the following factors:
Frequently Asked Questions About General Liability Insurance in Kansas
Your particular business needs and other variables will determine the best general liability insurance for you. To give you more information, we answer some frequently asked questions.
About Melissa Wylie
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.
sources
- Illinois Department of Commerce & Economic Opportunity. "Low Interest Loan Programs." Accessed May 11, 2023.