MoneyGeek assessed various factors such as cost, customer satisfaction, financial stability and online quote processes to find the best general liability insurance providers in Minnesota.

Our top pick is Thimble, which offers average monthly policy costs of $54 for limited liability companies (LLCs) with 20 employees and $22 for sole proprietors with no employees. Next provides the most affordable coverage, with rates as low as $25 per month for both LLCs and sole proprietors.


Best Overall General Liability Insurance in Minnesota

Thimble is the top general liability insurance provider in Minnesota, receiving a MoneyGeek score of 92 out of 100. Check out the table below for the MoneyGeek scores and average costs of the Minnesota insurers we evaluated.

Best OverallScore: 92
3/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process

Offers affordable rates for single proprietors

Provides a quick online quote process


Receives more complaints than other insurers we researched

Charges higher premiums for LLCs

Company Highlights

MoneyGeek identified Thimble as the top general liability insurance company in Minnesota. Thimble offers the lowest rates for sole proprietors in the state at about $22 per month. It has the quickest quoting process, taking just 22 seconds to complete, which is helpful if you’re looking to compare its rates against other providers.

This insurer has an A+ rating from AM Best for financial stability, which gives business owners the assurance that their claims will be paid.

Cheapest General Liability Insurance in Minnesota

Next is the cheapest general liability insurance provider in Minnesota, with an average cost of $25 per month for both LLCs and sole proprietors.

We calculated an affordability score by combining the monthly costs for LLCs and sole proprietors equally. This means that Next, the most affordable provider in the state, may not have the lowest cost for both business types individually.

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

With the lowest prices for LLCs

Quick online estimates


Below average financial stability

Not the cheapest option for sole proprietors

Company Highlights

Our analysis found that Next is the cheapest general liability insurance provider in Minnesota. At approximately $25 per month, it offers the cheapest premiums for LLCs and the third lowest for sole proprietors compared to other insurers we evaluated.

Next boasts a swift quote system, taking just over a minute to get an estimate. This allows you to easily compare rates with other providers to ensure you're getting the best deal for your business.

However, AM Best gave Next relatively low financial stability ratings. This suggests that the insurer may have some difficulties meeting its financial obligations.

Best General Liability Insurance for Employers in Minnesota

Nationwide offers the best general liability insurance for employers in Minnesota, with a MoneyGeek score of 97 out of 100 and a monthly premium of approximately $34. Our rankings are based on calculating the average monthly cost of general liability insurance for LLCs with 20 employees.

Workforce size is a crucial consideration in determining insurance expenses. Typically, companies with less than 20 employees pay below the median cost, while those with more than 20 employees tend to pay more.

Best for EmployersScore: 97
4/5LLC Affordability
5/5Customer Satisfaction
4/5Financial Stability
3/5Online Quote Process

Exceptional customer service

Offers the second-lowest rates

Good financial stability


Slow quote process

Company Highlights

Nationwide is the best general liability insurance provider for LLCs in Minnesota. It offers affordable rates and excellent customer service, allowing business owners to have a positive experience without breaking the bank.

AM Best gave Nationwide an A+ rating for financial stability. This means that the company is financially secure and able to cover claims from policyholders, which may give you the peace of mind that you will receive your payout when you file a claim.

Best General Liability Insurance for Sole Proprietors in Minnesota

If you’re a sole proprietor, biBERK is the best general liability insurance provider in Minnesota. It received a MoneyGeek score of 96 out of 100 and has a policy cost of approximately $23 per month.

We calculate our rankings based on the average costs for sole proprietors with no employees. However, those in higher-risk industries, such as construction, are usually subject to higher insurance costs.

Best for Sole ProprietorsScore: 96
5/5Sole Proprietor Affordability
4/5Customer Satisfaction
5/5Financial Stability
3/5Online Quote Process

Offers low rates for general liability insurance

Provides excellent customer service

Has outstanding financial stability


Relatively lengthy quote process

Company Highlights

MoneyGeek’s analysis shows that biBERK is the best choice for sole proprietors looking for general liability insurance in Minnesota. On average, its policies cost $23 per month, making it the second most affordable option in our study.

biBERK has an A++ rating from AM Best, which is the highest rating available. Additionally, the company has a reputation for outstanding customer satisfaction and receives fewer complaints than the industry average. This should give you confidence in knowing that you are covered by a reliable and trustworthy insurer.

Do You Need General Liability Insurance in Minnesota?

Although the state of Minnesota does not require general liability insurance, we highly advise acquiring it so you can be financially protected against third-party liability claims. This insurance coverage includes the following protections:

  • Third-party bodily injuries: This coverage pays for medical expenses if someone is injured while on your business premises.
  • Third-party property damage: General liability insurance pays for the cost of damages caused by your business or employees to another person’s property.
  • Personal and advertising injury: This coverage protects your business by paying for legal expenses and damages if someone sues your business or employees for libel, slander or copyright infringement.

General liability coverage might be required to obtain business licenses or contracts in certain industries. In addition, the state requires that you get other forms of business insurance if you meet certain qualifications.

Businesses in Minnesota with one or more employees are required to purchase workers' compensation insurance. You’re also required to get commercial auto insurance for your company-owned vehicles.

The minimum coverage limit for auto insurance in Minnesota is:

  • $30,000 per person
  • $60,000 per accident for bodily injury
  • $10,000 for property damage
smallBusiness icon

The Small Business Assistance Office (SBAO) provided by the Minnesota Department of Employment and Economic Development (DEED) serves as a valuable resource for small businesses in the state. Through the SBAO, small businesses can receive free consultation services, access funding opportunities and receive guidance on state regulations and permits.

How Much Is General Liability Insurance in Minnesota?

Business owners in Minnesota can expect to pay an average of $55 per month for general liability insurance if they have 20 employees, and sole proprietors may pay an average of $27 per month. These rates are for a policy with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible.

The insurance provider's maximum payout for claims during the policy period is represented by the aggregate limit, whereas the occurrence limit is the maximum coverage amount per claim. The deductible is the amount that the business owner must pay before the insurance coverage kicks in.

Factors That Impact General Liability Insurance Costs in Minnesota

Below are specific factors that affect the cost of general liability insurance for each business:


Frequently Asked Questions About General Liability Insurance in Minnesota

To make an informed decision about the best general liability insurance for your business, it's important to consider various factors and your specific needs. We responded to some frequently asked questions to help you find the right coverage.

Which company has the best general liability insurance in Minnesota?
Which company has the cheapest general liability insurance in Minnesota?
What does general liability insurance cover in Minnesota?
Does Minnesota 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.