MoneyGeek ranked the best general liability insurance in Massachusetts based on an analysis of insurers’ affordability, customer satisfaction, financial stability and online quote processes. Thimble emerged as the best insurer overall, earning a MoneyGeek score of 93 out of 100. The company also won for the cheapest insurer in Massachusetts. Thimble’s general liability insurance costs an average of $22 per month for sole proprietors and $63 per month for LLCs.

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Best Overall General Liability Insurance in Massachusetts

Thimble is the best general liability insurance company in Massachusetts, earning a MoneyGeek score of 93 out of 100.

For this study, we analyzed six insurers in Massachusetts. The table below shows their MoneyGeek scores along with their average monthly costs.

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Cheapest General Liability Insurance in Massachusetts

Thimble offers the cheapest general liability insurance in Massachusetts at an average of $22 per month for sole proprietors and $63 per month for LLCs.

Moneygeek determined the cheapest company based on an affordability score that combines the monthly cost for sole proprietors and the monthly cost for LLCs (both weighted 50%). As such, the cheapest insurer may not have the lowest cost for both sole proprietors and LLCs.

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Best General Liability Insurance for Employers in Massachusetts

Nationwide is the best general liability insurer for employers in Massachusetts, according to our study. Nationwide earned a Moneygeek score of 97 out of 100 and is the cheapest LLC company, with an average rate of $44 monthly.

These rankings are based on monthly costs for LLCs with 20 employees. Employee count has a significant impact on insurance costs — LLCs with fewer than 20 employees will likely pay less than the average cost, while those with a greater employee count will likely pay more.

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Best General Liability Insurance for Sole Proprietors in Massachusetts

biBERK is the best general liability insurer for sole proprietors in Massachusetts, with a MoneyGeek score of 97 out of 100. A policy costs an average of $23 per month, the second-cheapest rate among the six companies analyzed.

This analysis is based on average rates for a sole proprietor with no employees. Rates may be higher for sole proprietors in risky industries like construction.

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Do You Need General Liability Insurance in Massachusetts?

Massachusetts law does not require businesses to carry general liability insurance, but it still makes sense to purchase a policy since it provides financial protection against liability claims and lawsuits from third parties. In addition, it may be required to obtain business licenses or win contracts in specific industries.

Some of the protections offered by general liability insurance include:

  • Third-party bodily injuries: A general liability policy will cover medical expenses if a third party suffers injuries at your business.
  • Third-party property damage: A general liability policy will cover damages caused by your business or employees to someone else’s property.
  • Personal and advertising injury: General liability insurance covers your legal expenses and damages if your business or employees are sued for libel, slander or copyright infringement.

The business insurance requirements in Massachusetts require all businesses to have workers' compensation insurance. Only domestic employees working less than 16 hours per week are exempt.

Businesses are also required to have commercial auto insurance for company-owned vehicles with at least the following limits:

  • $20,000 bodily injury liability per person
  • $40,000 bodily injury liability per accident
  • $5,000 property damage liability per accident
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SMALL BUSINESS RESOURCES IN MASSACHUSETTS

Small businesses starting or expanding their operations in Massachusetts can get assistance from The Massachusetts Office of Business Development (MOBD), which offers assistance for obtaining funding through various programs, microlending and community development. Massachusetts also offers support to small businesses through the Massachusetts Small Business Development Center Network (MSBDC).

How Much Is General Liability Insurance in Massachusetts?

The average cost of general liability insurance in Massachusetts is $79 per month for LLCs with 20 employees and $28 per month for sole proprietors.

These rates are based on a policy with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible. The aggregate limit is the maximum amount that the policy can pay out for claims during a policy period, and the occurrence limit is the maximum amount that the policy can pay per claim. The deductible is the amount that the business owner needs to pay before the insurance kicks in.

Factors That Impact General Liability Insurance Costs in Massachusetts

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

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Frequently Asked Questions About General Liability Insurance in Massachusetts

MoneyGeek answered frequently asked questions about general liability insurance to help you find the best providers in Massachusetts.

Thimble is the best general liability insurance company in Massachusetts, offering affordable rates and fast online quotes. The best insurer for you may vary based on your business size, employee count and coverage needs.

Thimble offers the cheapest general liability insurance in Massachusetts at an average rate of $22 per month for sole proprietors and $63 per month for LLCs with 20 employees. The cheapest insurer for your business may vary depending on your location and employee count.

General liability insurance in Massachusetts covers third-party bodily injuries, third-party property damage and personal and advertising injury. General liability insurance does not cover injuries to your employees or damages to your own property.

No, general liability insurance is not a legal requirement in Massachusetts. However, employers in the state are required to have workers' compensation insurance and commercial auto 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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