Best General Liability Insurance in Missouri (2024)

MoneyGeek determined the top general liability insurance companies in Missouri by considering key factors like cost, financial stability, customer satisfaction and online quote processing. Based on our analysis, Thimble came out on top as the best general liability insurance company in Missouri. For LLCs with 20 employees, Thimble charges an average monthly premium of $63, and for sole proprietors without employees, the average monthly cost is $22.

In terms of affordability, Next is the cheapest general liability insurance provider in Missouri for small businesses. A general liability policy from Next costs $26 per month for LLCs with 20 employees and $25 per month for sole proprietors with no employees.

The best general liability insurance company in Missouri is Thimble, which earned a MoneyGeek score of 91 out of 100.

The table below shows all of the companies we analyzed in Missouri, along with their ranking, average monthly premiums and MoneyGeek scores.

Next offers Missouri's cheapest general liability insurance, with an average monthly cost of $26 for LLCs with 20 employees and $25 for sole proprietors.

To rank insurers in this category, we established an affordability score that combines the monthly cost for both sole proprietors and LLCs. Therefore, our winner's pricing may not be the cheapest for both business types.

In Missouri, Nationwide offers employers the best general liability coverage, with an excellent MoneyGeek score of 96 out of 100. Our rankings in this category are based on the average monthly premium for LLCs with 20 employees. Nationwide's average rate for LLCs is $36 per month.

The price of general liability insurance is significantly influenced by the number of employees that work for a given business. A company will likely pay less than this average premium if it has fewer than 20 employees; conversely, those with more than 20 employees would likely pay more.

biBERK provides the best general liability insurance for sole proprietors in Missouri, earning a MoneyGeek rating of 97 out of 100. The company has an average monthly premium of $23 per month.

Our rankings for this category are based on the average monthly cost for sole proprietors with no employees. If you work in a riskier industry like construction, your insurance premiums may be higher.

Although general liability insurance is not required by Missouri state law, it's sensible to purchase a policy to protect your business from financial damages that you could be responsible for if a third party files a claim or lawsuit against your business. It may also be required in some industries in order to get contracts or business permits.

General liability insurance provides coverage for:

• Third-party property damage: General liability insurance pays for expenses related to property damage to third parties caused by your business or employees.
• Third-party bodily injuries: General liability insurance helps pay for medical costs if a customer is injured at your business.
• Personal and advertising injury: If your business or staff members are sued for copyright infringement, libel or slander, general liability insurance will cover your legal costs.

Businesses in Missouri are required to carry other types of business insurance, including workers' compensation insurance, if they have five or more employees. In addition, commercial auto insurance for company-owned vehicles must include the following minimum liability limits:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

General liability insurance in Missouri averages $57 per month for LLCs with 20 employees and $27 for sole proprietors with no employees.

These costs are based on a policy with a $0 deductible, a $1 million occurrence limit and a $2 million aggregate limit. The aggregate limit denotes the maximum amount an insurance provider will pay out for claims over a policy period, whereas the occurrence limit denotes the maximum amount an insurer will pay per claim. The deductible is the amount business owners must pay before their insurance starts to pay claims.

General liability insurance rates for a given business depend on various factors, including:

The best general liability insurance policy for you will depend on a number of factors, like the industry you work in and the number of people you employ. Here are answers to some of the most frequently asked questions on this topic to guide you as you make your decision.