Finding the best general liability insurance provider in New York requires careful consideration of various key factors, including coverage options, pricing, financial strength and customer satisfaction.

In our in-depth analysis, Thimble emerged as the best overall company and also the most affordable for general liability insurance in the state. For LLCs, Thimble offers monthly rates of $69, making it an attractive choice. Sole proprietors with no employees can enjoy a monthly cost of just $22.

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Best General Liability Insurance in New York

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 New York.

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

1,229Quotes Analyzed
6 Companies Compared
50 Zip Codes

Best Overall General Liability Insurance in New York

MoneyGeek found that Thimble is the best general liability insurance provider in Rhode Island, earning an overall MoneyGeek score of 94 out of 100.

The table below presents the costs and MoneyGeek scores for all the companies we analyzed in New York, ranked from least to most expensive. Our ranking may be a valuable resource for business owners searching for the best general liability insurance that aligns with their specific needs. It allows for easy comparison and informed decision-making when selecting an insurance provider.

How was this MoneyGeek score calculated?

ThimbleMoneyGeek Score94Monthly Cost Without Employees$22Monthly Cost With 20 Employees$69
NationwideMoneyGeek Score91Monthly Cost Without Employees$42Monthly Cost With 20 Employees$90
The HartfordMoneyGeek Score89Monthly Cost Without Employees$39Monthly Cost With 20 Employees$159
biBERKMoneyGeek Score89Monthly Cost Without Employees$23Monthly Cost With 20 EmployeesNo Data
HiscoxMoneyGeek Score86Monthly Cost Without Employees$29Monthly Cost With 20 Employees$568
NextMoneyGeek Score86Monthly Cost Without Employees$34Monthly Cost With 20 Employees$45
Best OverallScore: 94
5/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process

Most affordable rates for sole proprietors

Fast online quote process

Strong financial backing


Low customer service rating

Only provides online customer support

Company Highlights

Thimble, the leading general liability insurance company, excels in various categories, showcasing exceptional performance. The insurer's strengths include comprehensive coverage options, competitive pricing and a user-friendly digital platform. Thimble's high financial stability rating indicates its strong ability to cover customer claims and fulfill its financial commitments.

While Thimble does receive a higher number of customer complaints, based on data from the National Association of Insurance Commissioners (NAIC), it stands out for its speedy online quote system. Thimble's quote generation process takes approximately 18 seconds, making it the fastest among the insurers we analyzed.

With a commitment to delivering reliable and affordable coverage, coupled with its outstanding performance in key areas, Thimble is a top choice for businesses of all sizes.

Cheapest General Liability Insurance in New York

Thimble ranks as the most affordable general liability insurance company in New York. It offers competitive average rates of $69 per month for LLCs and $22 per month for sole proprietors.

Our comprehensive affordability score, which considers the monthly costs for both business types, enables us to rank companies and determine the cheapest options. It's important to note that the winner may not always offer the lowest price for both entity types.

How was this MoneyGeek score calculated?

CheapestScore: 99
5/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process

Least expensive premiums for sole proprietors

Second-cheapest for LLCs

Excellent online quote process score


Above-average customer satisfaction complaints

Company Highlights

Thimble is MoneyGeek's top choice for the most affordable general liability insurance provider. For LLCs, Thimble ranks as the second-cheapest option, with average monthly rates of $69. It takes the lead for sole proprietors, with the lowest average monthly premiums starting at $22.

Another notable advantage of Thimble is its fast and user-friendly online quote process. Potential policyholders can obtain quotes in under 30 seconds, streamlining the insurance purchasing experience.

Furthermore, the insurer maintains strong financial stability, providing customers with confidence that claims will be covered. Its robust financial backing ensures that the company has enough resources to meet its obligations.

However, it's important to consider that Thimble specializes in general liability insurance and may have limited coverage options compared to other providers. Availability may also vary depending on the location of your business.

Best General Liability Insurance for Employers in New York

With a MoneyGeek score of 97 out of 100, Nationwide is the best general liability insurance provider for employers.

These rankings are based on the average monthly cost for LLCs with 20 employees. Nationwide's average monthly rate for LLCs is $90.

Note that employee count can significantly impact the cost of general liability insurance. Companies that employ less than 20 people can expect to pay less than our average cost, whereas a company with a greater employee count may pay more.

How was this MoneyGeek score calculated?

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

High financial stability score

Excellent customer satisfaction rating

Charges third-cheapest rates for LLCs


May take longer to get an online quote

Unavailable in some states

Company Highlights

With an outstanding overall MoneyGeek score of 97 out of 100, Nationwide is a versatile insurance provider offering small business policies across various industries. Whether it's photography studios, retail stores, wholesalers or specialized industries like breweries and senior living facilities, Nationwide provides coverage tailored to the unique needs of each sector. The insurer offers a total of 14 industry specialties, ensuring that businesses in different sectors can find the coverage they need.

Small business owners can find common coverages, including professional liability, commercial property, workers' compensation and commercial auto and business owners policies (BOP). The convenience of filing claims online sets Nationwide apart, although policy purchase still requires agent assistance.

The insurer provides an online assessment tool to help you find the right plan, but it's essential to consult a Nationwide agent to determine the best options for your business.

Best General Liability Insurance for Sole Proprietors in New York

With an impressive MoneyGeek score of 97 out of 100, biBERK ranks as the best provider for sole proprietors. We evaluated the average cost for sole proprietors with no employees, and biBERK stands out with a remarkably low monthly cost of just $23. It's worth noting that sole proprietors in riskier industries, like construction, may incur higher premiums.

How was this MoneyGeek score calculated?

Best for Sole ProprietorsScore: 97
5/5Sole Proprietor Affordability
4/5Customer Satisfaction
5/5Financial Stability
3/5Online Quote Process

Offers the second-cheapest rates for sole proprietors

User-friendly and intuitive online platform

A++ AM Best financial strength rating


May take a few minutes to get a quote online

Company Highlights

biBERK is a leading insurance company specializing in providing general liability insurance specifically designed for sole proprietors. Its online platform offers a streamlined experience, allowing sole proprietors to obtain quotes, purchase coverage and manage their policies easily. The company provides customizable coverage options, ensuring that sole proprietors can tailor their insurance to meet their business needs.

biBERK aims to provide cost-effective coverage for sole proprietors and help them manage their insurance costs. As a subsidiary of Berkshire Hathaway, biBERK benefits from the financial stability and strength of a reputable parent company, offering peace of mind to policyholders.

While biBERK specializes in general liability insurance, it's important to note that their focus on online services may result in limited opportunities for personalized support. Availability may also vary by state, so sole proprietors need to consider these factors alongside their business requirements when selecting general liability insurance coverage. Comparing quotes from several insurance companies can assist you in finding the best fit for your business's needs.

Do You Need General Liability Insurance in New York?

Although New York State does not legally mandate general liability coverage, buying general liability coverage is still important for business owners. While commercial auto insurance and workers' compensation are compulsory, general liability insurance may be necessary to acquire business licenses or secure contracts in certain industries. It covers potential liabilities and can protect your business in case of unforeseen incidents or legal claims.

General liability insurance protects your business from losses arising from claims related to injuries, property damage and associated costs like legal fees, medical expenses and property repairs. Having general liability coverage can help safeguard a business's reputation and assets in the event of accidents or incidents during business operations. It is an essential component of comprehensive business insurance.

In New York, businesses must have workers' compensation insurance if they have employees, with a few exceptions. Sole proprietors and business owners without employees may be exempt from this requirement. This coverage ensures employees receive benefits for work-related injuries or illnesses, including medical expenses, disability benefits and lost wages.

On the other hand, commercial auto insurance is required for all vehicles owned by businesses in New York, regardless of the number of employees. This insurance protects against property damage and bodily injury liability resulting from car accidents. Companies must obtain commercial auto insurance for their company-owned vehicles with minimum coverage limits that include the following:

  • $25,000 per person
  • $50,000 per accident for bodily injury
  • $10,000 for property damage

Both workers' compensation and commercial auto insurance are essential parts of a comprehensive business insurance plan.

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Small business owners in New York can find valuable assistance from the state's Empire State Development (ESD) program. ESD offers a range of resources and support programs designed to foster business growth and success.

This program offers various services, including business consulting, mentorship, access to capital and specialized workshops to enhance business skills and expand market opportunities. It is designed to assist small businesses in achieving their growth objectives and overcoming challenges they may face.

How Much Is General Liability Insurance in New York?

In New York, the average monthly cost of general liability insurance is $186 for LLCs and $31 for sole proprietors. These costs may vary depending on factors such as the size and nature of the business.

General liability insurance typically includes a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible. The aggregate limit is the maximum amount the insurance company will pay for all covered claims during the policy period. The occurrence limit represents the maximum amount the insurance company will pay for a single claim. The $0 deductible means the business owner would not have to pay any out-of-pocket expenses before the insurance coverage is applied. These policy limits provide financial protection and coverage for potential liabilities and damages that may occur while in business operations.

Factors That Impact General Liability Insurance Costs in New York

General liability insurance costs vary depending on several aspects that impact coverage costs and premiums. Policy limits determine the level of protection and can influence premiums, with higher limits often leading to higher costs.

The size of your business, including its number of employees and payroll costs, can also affect insurance expenses, as companies with more employees and higher payrolls may face higher premiums. The location of your business also plays a role, with riskier areas incurring increased insurance costs. Previous claims histories and the industry type of your business also contribute to pricing.

The following table highlights the average costs of general liability insurance for cleaning businesses, software development companies and general contractors in New York.

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    Policy limits

    The chosen coverage limits for general liability insurance can impact premiums. Higher coverage limits provide increased protection but may result in higher expenses.

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    Number of employees and payroll costs

    The size of your business, the number of people you employ and the amount spent on payroll can impact your insurance costs. Companies with more employees and higher payroll costs may face higher premiums. Our data for LLCs and sole proprietors in New York demonstrates cost variations based on employee counts.

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    Business location

    The location of your business is another critical factor. High-risk locations, such as areas prone to natural disasters or higher crime rates, can lead to increased insurance costs. Note that statewide averages may differ at the city level.

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    Claims history

    A history of claims indicates a higher risk profile, which insurance companies consider when determining premiums. Businesses with a record of filing claims may be charged higher premiums to account for the increased likelihood of future claims. It is important for companies to manage their risks effectively and mitigate potential liabilities to maintain lower insurance costs.

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    The industry in which a business operates also influences general liability insurance costs. Businesses in high-risk sectors, like construction, often have higher premiums due to the increased potential for accidents or claims.

Software DevelopmentMonthly Cost Without Employees$31Monthly Cost With 20 Employees$186
CleaningMonthly Cost Without Employees$288Monthly Cost With 20 Employees$10,848
General ContractorMonthly Cost Without Employees$244Monthly Cost With 20 Employees$14,752

Frequently Asked Questions About General Liability Insurance in New York

New York business owners should prioritize considering general liability insurance for their companies. To assist them in finding the best and most affordable insurers in the state and provide valuable insights into coverage details and requirements, we have answered some commonly asked questions.

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

About Melissa Wylie

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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.