To determine the best general liability insurance in Kentucky, we considered several factors, including affordability for LLCs and sole proprietors, customer satisfaction, financial stability and the online quote process. After thorough analysis, Next came out on top as the best and cheapest overall company in Kentucky. For both LLCs with 20 employees and sole proprietors with no employees, Next has an average monthly cost of $25.

MoneyGeek Logo IconBest General LiabilityKentucky
2024

Best General Liability Insurance in Kentucky

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 Kentucky.

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

1,229Quotes Analyzed
 
6 Companies Compared
 
50 Zip Codes

Best Overall General Liability Insurance in Kentucky

The best overall company for general liability insurance in Kentucky is Next, with a MoneyGeek score of 89 out of 100. The table below displays the costs and MoneyGeek scores for all the providers we evaluated in Kentucky to help you choose the best fit for your needs.

How was this MoneyGeek score calculated?

NextMoneyGeek Score89Monthly Cost Without Employees$25Monthly Cost With 20 Employees$25
NationwideMoneyGeek Score88Monthly Cost Without Employees$34Monthly Cost With 20 Employees$38
ThimbleMoneyGeek Score87Monthly Cost Without Employees$22Monthly Cost With 20 Employees$52
The HartfordMoneyGeek Score84Monthly Cost Without Employees$33Monthly Cost With 20 Employees$48
HiscoxMoneyGeek Score84Monthly Cost Without Employees$29Monthly Cost With 20 Employees$57
Best OverallScore: 89
Next
5/5LLC Affordability
4/5Sole Proprietor Affordability
0/5Customer Satisfaction
2/5Financial Stability
4/5Online Quote Process
PROS

Most affordable premiums for LLCs and second-cheapest for sole proprietors

Provides quick online quotes

CONS

Low financial strength rating

Receives more customer complaints than competitors

Company Highlights

MoneyGeek found that Next offers the best general liability insurance in Kentucky. It has the most affordable premiums for Kentucky LLCs, with rates as low as $25 per month. Sole proprietor rates are also cheaper than average at $25 per month. Additionally, its online quoting process is relatively quick, providing estimates in just 1 minute and 12 seconds. The company has a good financial strength rating of A- rating from AM Best, indicating that it is likely to be able to meet its financial obligations. However, it has the lowest financial strength score of the companies we evaluated, and it also receives a higher number of customer complaints compared to other insurers in Kentucky.

Cheapest General Liability Insurance in Kentucky

Next is the cheapest provider overall, with an average monthly rate of $25 for both sole proprietors and LLCs. Our ranking methodology uses an affordability score that combines the monthly costs for sole proprietors and LLCs, each weighted 50%. While Next ranked as the cheapest overall, it may not offer the cheapest rates for both entity types.

How was this MoneyGeek score calculated?

CheapestScore: 96
Next
5/5LLC Affordability
4/5Sole Proprietor Affordability
0/5Customer Satisfaction
2/5Financial Stability
4/5Online Quote Process
PROS

Has the cheapest monthly rate for LLCs and the second-cheapest for sole proprietors

Provides fast online quotes

CONS

High rate of customer complaints

Company Highlights

Next’s competitive pricing and quick quoting process make it a great choice for businesses in Kentucky that prioritize affordability. Next has affordable rates of $25 per month for both LLCs and sole proprietors — its rates for LLCs are the cheapest in our comparison group.

In addition, it has one of the fastest online quote processes among the insurers we evaluated — it takes only 1 minute and 12 seconds to receive an estimate. However, it has relatively low customer satisfaction ratings compared to competitors.

Best General Liability Insurance for Employers in Kentucky

Nationwide has the best general liability insurance in Kentucky for employers, with a MoneyGeek score of 91 out of 100 and an average monthly cost of $38. These rankings are based on the average monthly cost for LLCs with 20 employees. Insurance costs largely depend on employee count, so businesses with fewer than 20 employees can expect to pay less than the average cost, while businesses with a greater employee count can anticipate higher premiums.

How was this MoneyGeek score calculated?

Best for EmployersScore: 91
Nationwide
3/5LLC Affordability
5/5Customer Satisfaction
4/5Financial Stability
3/5Online Quote Process
PROS

High customer satisfaction score

Financially stable

Second cheapest monthly premiums for LLCs

CONS

Slow online quote process

Company Highlights

Nationwide's impressive customer satisfaction, financial strength and affordability ratings make it an excellent choice for employers. Based on data from the National Association of Insurance Commissioners (NAIC), it has the lowest rate of customer complaints among the insurers we evaluated.

Additionally, Nationwide holds an A+ financial strength rating from AM Best, indicating its ability to pay out claims. The company also offers the second cheapest monthly premiums for LLCs, with an average cost of $38 per month. The company provides online quotes, but the process takes longer than average — around 2 minutes and 16 seconds.

Best General Liability Insurance for Sole Proprietors in Kentucky

Thimble is the top-ranked company for sole proprietors in Kentucky, with a MoneyGeek score of 95 out of 100 and a monthly rate of $22. These rankings are based on the average cost for sole proprietors with no employees. Keep in mind that costs for sole proprietors in riskier industries like construction may be higher due to increased liability.

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

Cheapest monthly premiums for sole proprietors

Very fast online quotes

High financial strength rating

CONS

High number of customer complaints

Company Highlights

Thimble offers several key benefits for sole proprietors in Kentucky. Its affordable monthly premiums cost an average of $22, making it possible for sole proprietors on a budget to protect their businesses. In addition, Thimble's online quoting process is very fast, taking only 20 seconds and ensuring a quick and hassle-free experience for potential customers.

With an A+ financial strength rating from AM Best, Thimble is financially stable and has the ability to meet its policyholders' needs. However, Thimble receives more customer complaints than the average insurer.

Do You Need General Liability Insurance in Kentucky?

General liability insurance is not legally required to operate a business in Kentucky. However, it is a highly recommended form of business insurance due to the financial protection it provides against potential lawsuits and liability claims. In addition, it may be required to get business licenses or win contracts in specific industries.

While having general liability insurance is not mandated by law, businesses with one or more employees in Kentucky are legally required to have workers' compensation insurance. The only exemptions are businesses with $20,000 or less in annual payroll expenses and agricultural workers.

In terms of commercial auto insurance, Kentucky’s minimum legal requirements are as follows:

  • $25,000 per person
  • $50,000 per accident for bodily injury
  • $25,000 for property damage
smallBusiness icon
SMALL BUSINESS RESOURCES IN KENTUCKY

The Kentucky Small Business Development Center (SBDC) plays a vital role in supporting entrepreneurs and small businesses. It provides aid in developing comprehensive business plans, calculating financial projections, making loan applications and ensuring that clients are well-prepared for meetings with lenders.

How Much Is General Liability Insurance in Kentucky?

The cost of general liability insurance in Kentucky varies depending on the type of business. For LLCs, the average monthly cost is $44, while for sole proprietors, it is approximately $29.

Our analysis was based on policies with the following limits: $2 million aggregate limit, $1 million occurrence limit and $0 deductible. The aggregate limit refers to the maximum amount the insurance will pay for all claims during the policy period, while the occurrence limit is the maximum amount the insurance will pay for each individual claim. The deductible is the amount that must be paid by the business before the insurance kicks in. A $0 deductible means that the business owner would not have to pay any out-of-pocket expenses before the insurance coverage kicks in to cover a claim.

Factors That Impact General Liability Insurance Costs in Kentucky

There are several factors that can impact the cost of general liability insurance for a business, including:

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    Policy limits

    Higher policy limits — including both aggregate limits and occurrence limits — generally result in higher premiums as they offer greater financial protection for the business.

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    Number of employees and payroll costs

    Generally, businesses with more employees or higher payroll costs are considered to have a higher exposure to risk, leading to higher premiums.

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    Business location

    Businesses located in more densely populated areas may face higher insurance premiums compared to businesses in low-risk areas since they are more likely to file a claim. The statewide average premiums we calculated may vary city by city.

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    Claims history

    If a business has a history of claims, insurance providers will likely view it as a higher risk and charge higher premiums.

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    Industry

    Some industries, such as construction, are more risky and will therefore face higher premiums. The chart below displays the average costs of general liability insurance in Kentucky for different industries.

CleaningMonthly Cost Without Employees$63Monthly Cost With 20 Employees$1,160
General ContractorMonthly Cost Without Employees$203Monthly Cost With 20 Employees$2,812
Software DevelopmentMonthly Cost Without Employees$29Monthly Cost With 20 Employees$44

Frequently Asked Questions About General Liability Insurance in Kentucky

If you’re looking for the best general liability insurance for your needs, here are some answers to the most frequently asked questions to help you.

Which company has the best general liability insurance in Kentucky?
Which company has the cheapest general liability insurance in Kentucky?
What does general liability insurance cover in Kentucky?
Does Kentucky require businesses to have general liability insurance?

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.


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