NEXT and The Hartford top our analysis of Nevada business insurance providers because of their strong customer service and comprehensive coverage. Simply Business is also a reliable option for small business owners across the state.
Updated: August 20, 2025
Advertising & Editorial Disclosure
Key Takeaways
Small business owners in Nevada can get reliable coverage from NEXT, The Hartford and Simply Business.
The best business insurance in Nevada depends on your industry risks, number of employees and preferred coverage limits.
To find the best coverage, assess your risks, compare multiple quotes, research provider service quality and maximize available discounts.
Best Business Insurance Companies in Nevada
| NEXT | 4.63 | 4 | 1 | 2 |
| The Hartford | 4.63 | 1 | 2 | 3 |
| Simply Business | 4.50 | 3 | 5 | 1 |
| Nationwide | 4.48 | 7 | 2 | 4 |
| Coverdash | 4.42 | 5 | 6 | 2 |
| biBERK | 4.40 | 8 | 2 | 5 |
| Thimble | 4.34 | 2 | 8 | 5 |
| Progressive Commercial | 4.33 | 3 | 7 | 5 |
| Hiscox | 4.28 | 6 | 4 | 6 |
| Chubb | 4.27 | 9 | 3 | 4 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best by Coverage Type
The Hartford is the best provider for general liability coverage and business owner's policies (BOP) in Nevada. NEXT stands out for professional liability insurance and workers' compensation in the state.
| Business Owners Policy | The Hartford | 4.69 |
| General Liability | The Hartford | 4.64 |
| Professional Liability (E&O) | NEXT | 4.74 |
| Workers Compensation | NEXT | 4.61 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best Nevada Small Business Insurance Reviews
Our research identified Nevada's top three business insurance providers based on coverage quality and value. Here's why these companies stand out for comprehensive protection in the state.
NEXT
Best Customer Experience
MoneyGeek Rating
4.6/ of 5
4.5/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Cost of General Liability Insurance
$100This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$78This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.9/5National Ranking: #4Our Survey: Likely to Be Recommended to Others
4.8/5National Ranking: #1
Simply Business
Best for Coverage Options
MoneyGeek Rating
4.5/ of 5
4.5/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average Monthly Cost of General Liability Insurance
$109This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$81This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
4.5/5Our Survey: Likely to Be Recommended to Others
4.5/5
Cheapest Business Insurance Companies in Nevada
The Hartford provides Nevada's most affordable business insurance at $102 monthly ($1,222 annually). NEXT and Thimble round out the top three budget-friendly options, with rates of $102 and $107 per month respectively. See the complete list of providers and their rates in the table below.
| The Hartford | $102 | $1,222 |
| NEXT | $102 | $1,227 |
| Thimble | $107 | $1,282 |
| Simply Business | $110 | $1,322 |
| Progressive Commercial | $113 | $1,358 |
| Coverdash | $115 | $1,378 |
| Nationwide | $116 | $1,389 |
| biBERK | $119 | $1,426 |
| Hiscox | $122 | $1,464 |
| Chubb | $134 | $1,608 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest General Liability Insurance Companies in Nevada
Nevada business owners can find the cheapest general liability coverage through NEXT at $100 monthly. This rate beats The Hartford's second-lowest premium of $103 per month. Compare all provider rates in the table below.
| NEXT | $100 | $1,198 |
| The Hartford | $103 | $1,233 |
| Simply Business | $109 | $1,309 |
| Nationwide | $111 | $1,328 |
| Progressive Commercial | $114 | $1,372 |
| Coverdash | $118 | $1,414 |
| Thimble | $122 | $1,462 |
| Hiscox | $130 | $1,555 |
| biBERK | $130 | $1,556 |
| Chubb | $135 | $1,625 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Professional Liability Insurance Companies in Nevada
NEXT offers the lowest-cost professional liability insurance (E&O) at $80 monthly ($957 annually). The Hartford provides another budget-friendly option for Nevada business owners.
| NEXT | $80 | $957 |
| The Hartford | $82 | $981 |
| Progressive Commercial | $86 | $1,031 |
| Simply Business | $87 | $1,042 |
| Thimble | $87 | $1,043 |
| Hiscox | $88 | $1,061 |
| Coverdash | $89 | $1,068 |
| biBERK | $90 | $1,084 |
| Nationwide | $94 | $1,126 |
| Chubb | $101 | $1,215 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability/errors and omissions policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Workers’ Comp Insurance Companies in Nevada
NEXT offers the cheapest workers' comp rates in Nevada at $78 monthly ($942 annually). The Hartford and Thimble provide similarly competitive rates, making all these solid choices for affordable business coverage in the state.
| NEXT | $78 | $942 |
| The Hartford | $79 | $953 |
| Thimble | $80 | $960 |
| Hiscox | $81 | $968 |
| Progressive Commercial | $81 | $969 |
| Simply Business | $81 | $976 |
| Coverdash | $83 | $993 |
| biBERK | $85 | $1,021 |
| Nationwide | $92 | $1,108 |
| Chubb | $97 | $1,158 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest BOP Insurance Companies in Nevada
Thimble offers the cheapest BOP rates in Nevada at $139 per month ($1,663 annually). Business owners can also find affordable BOP insurance with The Hartford, NEXT and Simply Business.
| Thimble | $139 | $1,663 |
| The Hartford | $143 | $1,720 |
| NEXT | $151 | $1,810 |
| Simply Business | $164 | $1,962 |
| Nationwide | $166 | $1,992 |
| Coverdash | $170 | $2,039 |
| biBERK | $170 | $2,044 |
| Progressive Commercial | $172 | $2,061 |
| Hiscox | $189 | $2,273 |
| Chubb | $203 | $2,434 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP policies. Survey results reflect limited sample data and may not represent all available rates in your area.
How Much Does Business Insurance Cost in Nevada?
Business insurance in Nevada ranges from $84 to $167 monthly, with workers' compensation being the most affordable and business owner's policies the most expensive. Rates vary based on the coverage type your business needs.
| BOP | $167 |
| General Liability | $117 |
| Professional Liability (E&O) | $88 |
| Workers Comp | $84 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cost of Business Insurance by Industry and Coverage
The cost of business insurance in Nevada varies widely depending on industry and coverage types. Speech therapists pay just $7 monthly for workers' compensation insurance, while pressure washing businesses need a business owner's policy that costs $1,533 monthly.
Data filtered by:Results filtered by:
Select
Coverage Type:Business Owners Policy
Select
Industry:Accountants
| Accountants | Business Owners Policy | $37 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
What Factors Influence My Costs?
Here are the key factors driving your Nevada business insurance premiums. Understanding these elements helps explain why your coverage costs what it does.
Industry risk level
Your business type directly impacts your insurance costs. In Nevada, construction companies pay much higher rates due to workplace accident risks, while professional service firms like consultants see much lower premiums. A Nevada construction contractor might pay $500 monthly for coverage, while a business consultant could pay under $50.
Geographic location and weather risks
Nevada's location affects business insurance costs. While the state faces fewer natural disasters than many others, specific risks like wildfires and flash floods influence rates. According to NOAA data, Nevada experienced 3 billion-dollar weather disasters from 1980-2024, keeping rates relatively stable compared to coastal states.
Business size
Your workforce size directly affects insurance costs. Workers' compensation rates are calculated per $100 of payroll, while general liability costs reflect your revenue and customer volume. A small retail shop with two employees might pay $200 monthly for coverage, while a restaurant with 20 workers could pay $2,000 or more.
Claims history
Your claims record shapes future premiums. Filing multiple claims can increase your rates across all coverage types for years. Insurance companies offer better rates to businesses that maintain claim-free records and implement strong risk management practices.
Coverage types and limits
Your choice of coverage types and limits determines your premium costs. Higher coverage limits increase rates, but bundling options like business owner's policies can reduce overall costs. Adding specialized coverage for Nevada-specific risks affects your total premium.
Years in business
New businesses pay more for coverage since insurers lack data to assess their risk level. Operating claim-free for several years shows insurers you run a stable operation, often leading to lower premiums and access to more coverage options.
Professional certifications
Safety certifications and professional licenses can reduce your insurance costs. Industry-specific training programs and OSHA certifications show insurers you prioritize risk management. Many Nevada insurers offer rate discounts for businesses with proper safety credentials.
Nevada Business Insurance Buying Guide
Running a business takes most of your attention, which can make getting business insurance feel like another task on your endless to-do list. Our guide breaks down everything you need to know about business insurance in Nevada, helping you make confident coverage decisions without the confusion.
What Coverage Is Required?
We've researched all Nevada business insurance requirements to save you time. Check the section below for a complete breakdown of what your business needs.
Workers' comp
Nevada requires workers' compensation insurance for most businesses, with specific rules that vary by industry. You must carry workers' comp if you have one or more employees, including part-time and seasonal workers. Nevada has stricter rules than many states: corporate officers are automatically covered unless they formally opt out and meet specific criteria. Sole proprietors and business partners are exempt but can choose coverage. The state has special requirements for construction, where even independent contractors may need coverage, and for businesses in the gaming and hospitality industries.
Commercial auto insurance
Small businesses that own vehicles or require employees to drive for work need commercial auto insurance. Nevada requires all vehicles to carry at least $25,000 per person and $50,000 per accident for bodily injury, plus $20,000 for property damage. Given Nevada's mix of urban areas and remote highways, businesses should consider higher limits for better financial protection.
Unemployment insurance
Nevada requires unemployment insurance for businesses that pay wages of $1,500 or more in any quarter or employ one or more workers for 20 weeks during a calendar year. You must register with the Nevada Department of Employment, Training and Rehabilitation and pay quarterly contributions. The gaming and hospitality industries may have additional reporting requirements due to tip income.
Professional liability insurance
If you hold a professional license in Nevada for medical, legal, architectural or engineering work, you'll need professional liability insurance. Healthcare providers must carry malpractice coverage with minimum amounts that vary by specialty, while other professionals should check with their licensing boards for specific requirements.
Contractor bonds and insurance
If you hold a contractor license in Nevada, you'll need to carry liability insurance and post a surety bond. General contractors need at least $100,000 in liability coverage and a bond ranging from $10,000 to $100,000 depending on their license classification. Specialty contractors have varying requirements based on their trade. This protects customers if you don't complete work as promised or follow licensing rules.
What Coverage Do We Recommend?
Nevada has minimal business insurance requirements, but smart coverage choices protect your company's future. Our analysis reveals the best insurance options for Nevada's leading industries:
Restaurant | General liability, product liability, commercial property, equipment breakdown, business interruption, extreme heat coverage, flash flood protection, tourism liability, liquor liability, workers' compensation | Nevada restaurants face extreme heat equipment failures, flash flooding and elevated liability from tourist customers. Las Vegas dining establishments require specialized coverage for high-volume service, celebrity clientele and 24/7 operations with unique liability exposures. |
Security | General liability, professional liability, commercial auto, workers' compensation, cyber liability, firearms coverage, casino security coverage, event security coverage, surveillance liability | Nevada security companies face elevated liability from casino operations, entertainment venues and high-profile events. Gaming security requires specialized coverage for cash handling, surveillance systems and crowd control during large-scale entertainment events. |
Construction/Contractor | General liability, workers' compensation, commercial auto, builder's risk, professional liability, extreme heat coverage, flash flood protection, earthquake coverage, desert construction coverage | Nevada construction faces extreme heat, worker safety risks, flash flooding and earthquake hazards. Las Vegas construction projects require specialized coverage for entertainment venue construction, extreme heat protocols and desert soil conditions affecting foundations. |
Retail | General liability, commercial property, business interruption, extreme heat coverage, flash flood protection, cyber liability, commercial crime, tourism liability, high-value merchandise protection | Nevada retailers face extreme heat HVAC failures, flash flood business interruptions, and elevated theft risks. Tourist retail requires specialized coverage for high-value merchandise, unfamiliar customers, and 24/7 operations in entertainment districts. |
Trucking | Commercial auto, cargo coverage, general liability, workers' compensation, extreme heat equipment protection, flash flood coverage, tire blowout coverage, desert breakdown coverage, mining transport | Nevada trucking companies face tire blowouts from extreme heat, flash flood road closures and cargo damage from desert conditions. Mining transport creates specialized liability for heavy equipment and mineral hauling through challenging terrain. |
How to Get the Best Cheap Business Insurance in Nevada
Getting the right business insurance coverage in Nevada can be challenging for small business owners. Here are ways to secure reliable protection while keeping your insurance costs manageable:
- 1
Assess your business risks
Start by evaluating real risks specific to your Nevada business operations. A retail store needs strong property and liability coverage, while a consulting firm should focus on professional liability protection.
- 2
Compare multiple insurance quotes
Insurance costs vary between providers in Nevada. Contact at least three insurers to compare prices and coverage options, as rates can differ by thousands of dollars for identical protection.
- 3
Research provider reputation
Investigate each insurance company's financial strength and claims satisfaction ratings. A Nevada construction company needs an insurer with solid experience handling contractor claims and excellent customer service.
- 4
Secure available discounts
Look for ways to reduce premiums through policy bundling and safety programs. A Nevada retail store could save by combining general liability with property insurance and installing security systems.
- 5
Review coverage yearly
Evaluate your insurance needs annually as your business evolves. A small Nevada café that expands to multiple locations will need adjusted coverage limits and might qualify for better rates with a different provider.
Nevada Business Insurance: Bottom Line
Based on our analysis, NEXT, The Hartford and Simply Business are Nevada's best business insurance providers. However, what's ideal for you depends on your business risks and employee needs. Research each company's service quality, maximize discounts and select coverage that fits your budget.
Small Business Insurance in Nevada: FAQ
Small business owners in Nevada often have questions about choosing the right business insurance. Here are answers to common insurance questions.
What business insurance is required by law in Nevada?
Workers' compensation insurance is mandatory in Nevada if you have one or more employees. Commercial auto insurance is required for business vehicles with minimum limits of $25,000/$50,000/$20,000. Contractors must carry surety bonds.
How much does business insurance cost in Nevada?
Our analysis shows that business insurance costs in Nevada range from $84 to $167 monthly. Workers' compensation is the most economical at $84, while business owner's policies run $167. Actual costs depend on your industry, business size and claims history.
Which company has the cheapest business insurance in Nevada?
The Hartford offers the lowest rates at $102 monthly in Nevada, with NEXT ($102) and Thimble ($107) following. Compare multiple quotes since rates vary by business-specific factors.
What business insurance do I need for my small business in Nevada?
Begin with general liability insurance to protect against customer injuries and property damage claims. Include workers' compensation if you employ staff and commercial auto for company vehicles. Professional service firms need E&O coverage, while retailers should add property insurance.
What is the best business insurance company in Nevada?
NEXT and The Hartford lead Nevada's business insurance market, both with a MoneyGeek score of 4.63 out of 5. Simply Business and Nationwide are also excellent choices. Compare multiple providers to secure coverage that matches your business requirements.
Do small businesses in Nevada need workers' compensation insurance?
Yes, Nevada businesses with employees must carry workers' compensation insurance. Only sole proprietors without employees can opt out of coverage. Getting coverage protects your business from costly injury lawsuits.
What factors affect business insurance costs in Nevada?
Industry type impacts costs. Construction businesses pay higher premiums than retail stores. Location within Nevada affects rates, with urban areas having different risks than rural ones. Employee count drives workers' compensation costs, while claim history and safety measures influence premiums.
How do I get cheap business insurance in Nevada?
Compare quotes from top insurers like The Hartford and NEXT. Bundle multiple policies, implement safety programs and carefully assess your actual coverage needs to secure better rates.
What's the difference between general liability and errors and omissions (professional liability) insurance in Nevada?
General liability insurance protects against physical injuries and property damage. Professional liability (E&O) covers financial losses from service mistakes, poor advice or missed deadlines in professional services.
Can I get business insurance quotes online in Nevada?
Yes, you can get online quotes from top-rated insurers. While most businesses can complete the process online, complex operations like contracting may require an agent's expertise for specialized coverage.
How We Scored the Best Business Insurance Companies in Nevada
Small business owners in Nevada need reliable coverage that protects their operations without breaking their budgets. We designed our methodology to help Nevada entrepreneurs navigate challenges and the state's workers' compensation requirements.
We studied thousands of quotes from 79 industries across four coverage types for a two-employee firm with $300,000 annual revenue and $150,000 payroll. All policies included $1 million per occurrence and $2 million total per year, with BOPs adding $5,000 business property coverage.
- Affordability (50% of score): Rates make up half our score since cost matters most to small businesses. We analyze premiums across multiple industries and coverage types to find insurers offering the best value.
- Customer experience (30% of score): Claims handling, customer service and policy management determine 30% of the score. We evaluate responsiveness, digital tools and overall satisfaction.
- Coverage options (15% of score): Customization options and industry-specific endorsements account for 15%. We assess how well carriers meet unique business needs.
- Financial strength (5% of score): Financial stability ratings from independent agencies determine 5% of the score to ensure claims-paying ability.
This approach helps Nevada small business owners compare insurers on what matters most: affordable premiums, reliable service, adequate coverage and financial stability.
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.
sources
- National Centers for Environmental Information. "Billion-Dollar Weather and Climate Disasters." Accessed August 21, 2025.
- NEXT. "NEXT Empowers Agents with Enhanced Products, Cutting-Edge Digital Tools, Opening New Revenue Opportunities and Sparking Momentum in Small Business Insurance." Accessed August 21, 2025.
- Simply Business. "Simply Business Offers Insurance to Third-Party Sellers Through Amazon Insurance Accelerator." Accessed August 21, 2025.
- The Hartford. "Customer Claims Ratings and Reviews." Accessed August 21, 2025.
- Trustpilot. "The Hartford." Accessed August 21, 2025.