Nationwide emerged as the top contender for Wyoming’s best general liability insurance in MoneyGeek’s analysis, scoring 95 out of 100. However, NEXT, The Hartford, Hiscox and Thimble are also great options for general liability policies.
Best General Liability Insurance in Wyoming
Updated: June 20, 2025
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Key Takeaways
Overall, the best general liability insurance company in Wyoming is Nationwide, which has a great balance of affordable rates for LLCs and good customer service.
The cheapest general liability insurance for sole proprietors in Wyoming is offered by NEXT at $27 per month. For LLCs, NEXT is the most affordable option at $30 a month.
General liability insurance costs in Wyoming depend on your industry, and we found they can range from $31 to $3,889 per month on average.
Best Cheap General Liability Insurance in Wyoming
| Nationwide | 95 | $39 | $40 |
| NEXT | 90 | $27 | $30 |
| The Hartford | 87 | $34 | $70 |
| Hiscox | 83 | $32 | $88 |
| Thimble | 83 | $33 | $80 |
*Rates were based on a $1,000,000 per occurrence and $2,000,000 aggregate limit for a software development company.
Nationwide: Best Overall
pros
Low rates for LLC businesses
Large coverage selection
Low customer claims frequency
cons
Higher rates for sole proprietors
COMPANY HIGHLIGHTS
Nationwide is best for general liability insurance in Wyoming, thanks to its competitive pricing and exceptional customer support for businesses of all sizes, with the lowest claims ratio tied for first place from the NAIC and ranking second for LLC cost-effectiveness at $468 per year on average.
NEXT: Cheapest Overall
pros
Easy fast buying process
Very cheap rates overall, regardless of business size
Business-insurance-only focus
cons
Higher customer complaint frequency
COMPANY HIGHLIGHTS
NEXT is our pick for the cheapest overall general liability insurance in Wyoming. The provider has the cheapest rates for sole proprietors at $27 per month and for LLCs at $30 monthly. While NEXT's claims ratio was higher than other companies we've reviewed in the state, their overall buying process was smooth, and you can get proof of insurance within the same day.
How Much Is General Liability Insurance in Wyoming?
General liability insurance in Wyoming costs about $31 per month for sole proprietors and $60 per month for LLCs. These figures apply to software development companies, and costs can vary widely by industry.
| Cleaning | $949 | $57 |
| General Contractor | $3,889 | $148 |
| Software Development | $60 | $31 |
*Rates are based on a $1,000,000 per occurrence and $2,000,000 aggregate coverage policy for general liability.
Factors That Impact General Liability Insurance Costs in Wyoming
General liability insurance costs can fluctuate based on a number of different factors in Wyoming. In the list below, you can see these factors and their impacts on your coverage costs:
Policy limits
Coverage limits have a major impact on insurance premiums. Opting for higher limits raises costs, while choosing lower limits generally leads to more affordable premiums.
Number of employees and payroll costs
Firms with a large workforce and high payroll expenses typically see an increase in general liability insurance costs. This trend is evident in both LLCs and sole proprietorships.
Business location
Where your business operates can significantly influence your insurance expenses. Keep in mind that state-level average rates can differ from one city to another, so these variations should be factored into your coverage decisions.
Claims history
A record of multiple claims can make a business seem riskier to insurers, leading to increased premiums.
Industry
High-risk industries, like construction, often incur higher general liability insurance costs. State programs may offer insights into managing these expenses.
Wyoming General Liability Insurance: Buyer's Guide
Business insurance is a complicated industry and can be difficult to navigate. So, to simplify your understanding of general liability insurance, we've created a short guide detailing how to get the best coverage, defining what it covers, listing requirements in Wyoming, and explaining how much coverage you should consider getting.
How to Find the Best General Liability Insurance Company
To help ensure that you get the best small business insurance regardless of your industry, we've created a step-by-step guide to simplify your coverage search.
- 1
Define your coverage needs
Determine your liability risk by considering your industry, services, customer types, business size and market impact. Assess the frequency and costs of common claims in your industry to evaluate coverage options better.
- 2
Research average costs for your business
Research average costs for your specific business to understand how good of a deal you're receiving from insurance companies. Knowing average expenses will give you insight into if a company is going to save you money.
- 3
Consult similar businesses
Your business community is your greatest resource, and personal experience is often more valuable than online resources. You'll likely get better recommendations for your specific needs and an understanding of what claims are common within your industry.
- 4
Compare multiple options through different means
You can judge which insurance option suits you best by comparing multiple companies. You can also choose multiple ways to compare, like online comparisons or using brokers. This can provide a comprehensive view of pricing.
What Does General Liability Insurance Cover and How Does It Work?
General liability insurance coverage consists of two parts: per occurrence and aggregate limits. Per occurrence refers to the maximum a single claim can go up to, while the aggregate limit is the total coverage you can get per year. In terms of covered items, this type of policy includes the following:
Bodily injuries or property damage on business property
Legal fees for bodily injury or property damage that your company may be responsible for
Damages to leased or rented business property
Bodily injury or property damage caused by your product or service
Libel, slander, or reputational harm legal defense
Legal fees for copyright infringement accusations
Is General Liability Insurance Required in Wyoming?
General liability insurance isn't expressly required by state law and instead varies by your industry. However, if you want to apply for a professional license, sign a contract with a larger company, or sign an office lease, some form of general liability insurance may be required. While not an exhaustive list, the following industries tend to fall into these categories:
- Medical
- Accounting
- Real estate
- Insurance
- Contracting
- Engineering
- Marketing
- Law
- Consulting
- Media/Communications
How Much General Liability Insurance Do I Need?
Most small businesses will only need a standard policy with 1 million dollars of protection per occurrence and a 2 million limit per year. This will likely offer protection for most business types for over a year. Even so, your particular industry's risks and the size of your operation may require a larger coverage limit than standard.
WHO MAY NEED MORE COVERAGE
Certain businesses, like those in health, building, and selling things, face more risks and often have costlier insurance claims. If you run a company in one of these areas, you might need to think about getting more insurance. This is also true for bigger businesses with lots of workers or those that sell many products or services.
Best General Liability Insurance in Wyoming: Bottom Line
Overall the best general liability insurance companies in Wyoming are Nationwide, NEXT, and The Hartford. However, we recommend comparing around yourself and getting plenty of quotes to ensure you get the best deal possible.
General Liability Insurance in Wyoming: FAQ
Below, we address frequently asked questions regarding general liability insurance in Wyoming.
Which company has the best general liability insurance in Wyoming?
MoneyGeek's leading choice for general liability insurance in Wyoming is Nationwide, which earned an overall score of 95 out of 100. However, the ideal insurance for you depends on various details, including your business size, number of employees, and specific coverage requirements.
Which company has the cheapest general liability insurance in Wyoming?
NEXT offers the most affordable general liability insurance in Wyoming for both business types. For sole proprietors, NEXT provides coverage at $324 per year ($27 monthly). For LLCs, NEXT offers the cheapest rates at $360 per year ($30 monthly).
Does Wyoming require businesses to have general liability insurance?
In Wyoming, while it's not a legal requirement, purchasing general liability insurance is a smart investment to protect your business against potential financial liabilities arising from claims by third parties.
How We Chose the Best General Liability Insurance Providers in Wyoming
We broke down our scores into these categories and weights:
- LLC cost (55% of score)
- Sole proprietor cost (5% of score)
- Customer satisfaction (25% of score)
- Financial strength (10% of score)
- Quote process time (5% of score)
For all business insurance companies, we assumed software development industry LLCs with 20 employees. We based customer satisfaction and financial strength scores on NAIC and AM Best ratings. Quote process scores came from our MoneyGeek experts' personal experiences.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.