Best General Liability Insurance in Wyoming (2025)

MoneyGeek examined several key elements to determine the best general liability insurance provider in Wyoming. Our analysis considered criteria such as affordability for sole proprietors and LLCs, customer satisfaction, financial stability and the online quote process.

Nationwide is the best insurance provider in Wyoming. For LLCs with 20 employees, Nationwide provides the second-cheapest monthly premiums at an average of $37, while rates for sole proprietors with no employees are $36 per month.

Next is the most affordable insurance provider in Wyoming, with average monthly premiums of $25 for sole proprietors and $28 for LLCs.

Nationwide ranks as Wyoming's best general liability insurance provider with a MoneyGeek score of 90 out of 100. Please refer to the table below to compare the scores and rates of all the companies we assessed.

MoneyGeek found that Next is the most affordable general liability insurance provider in Wyoming. For sole proprietors, the monthly premium averages $25, while for LLCs, it averages $28. We based our rankings on an affordability score, which considers the monthly costs for both categories equally, with a weight of 50%. It's worth noting that the company with the overall cheapest rates may not offer the most cost-effective rates for sole proprietors and LLCs individually.

With an overall MoneyGeek score of 95 out of 100, Nationwide holds the top position for employers seeking general liability insurance. The rankings are determined based on the average monthly rate charged for limited liability companies (LLCs) with 20 employees.

For LLCs, Nationwide's average monthly cost amounts to $37. While this may be the average price for companies with 20 employees, businesses with fewer employees can expect to pay less. Those with more employees may be charged higher rates.

Thimble takes the top spot for sole proprietors seeking general liability insurance in Wyoming, with an overall MoneyGeek score of 95 out of 100. These rankings are determined based on the average rates charged for sole proprietors with no employees.

Thimble offers the cheapest rates for sole proprietors, with an average monthly cost of $22. Note that rates may vary for sole proprietors in higher-risk industries like construction.

While not mandatory for all businesses, buying general liability insurance in Wyoming can provide essential protection against potential risks. Unlike other types of business insurance, it is not legally required for basic operations. However, in the event of a lawsuit, it can help safeguard businesses from claims related to bodily injury, property damage, personal injury and advertising injury. Moreover, certain industries may require general liability insurance as a prerequisite for obtaining licenses or winning contracts.

Regardless of the number of employees, all businesses in Wyoming must have workers' compensation insurance to provide coverage for work-related injuries or illnesses. However, there are exemptions for federal employees, private duty nurses and independent contractors.

For commercial auto insurance, Wyoming law requires minimum coverage of $25,000 per person, $50,000 per accident for bodily injury and $20,000 for property damage.

The average cost of general liability insurance in Wyoming is $56 per month for LLCs and $29 per month for sole proprietors. These rates are for policies with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible.

The $2 million aggregate limit is the maximum amount the insurer will pay for all claims made during the policy period. On the other hand, the $1 million occurrence limit is the maximum amount the provider will cover for each individual claim. Meanwhile, the deductible represents the out-of-pocket amount the business owner must pay before the coverage takes effect to cover a claim.

The factors that impact the cost of general liability insurance may differ for each business:

We answered some commonly asked questions about general liability insurance in Wyoming that can help you find the best coverage for your business.