Businesses of all sizes need general liability insurance, but it can sometimes be hard to know how much it’ll cost you and how much coverage you actually need.
Most business owners don’t want or have the time to research all the different types of liability insurance policies or spend hours on the phone with different insurance companies comparing rates.
You probably feel the same way, although, even if you are willing to invest the time to make a bunch of phone calls, it can be hard knowing what policy is right for your business.
Fortunately, All n One Bonding & Insurance is here to make finding an insurance plan easy for you. We offer general liability insurance for businesses of all sizes, and our policies provide you with a broad range of coverage at a better price than many other insurers.
To learn more, call us anytime at our Las Vegas line: (702) 850-7711 or our Memphis line: (901) 306-8100.
The Answer
So, the big question is, what does general liability insurance cost in Nevada?
Small business owners in Nevada can expect to pay anywhere from $300 to $3,000 per year for general liability insurance.
As you can see, the price for general liability insurance varies widely. With that said, in most cases, small businesses will be able to get coverage for less than $1,000 per year.
Note: Some businesses may need to purchase additional coverage if they operate in a high-risk industry or have a history of claims.
Factors that Impact General Liability Insurance Cost
Several factors impact the cost of general liability insurance for a business.
The most crucial of these is business risk exposure, which basically just calculates how much risk your business is exposed to.
A business that installs power lines, for instance, will have a much higher business risk exposure than one that sells greeting cards.
Another factor that can impact the cost of your insurance is what state your business is located in.
Businesses that are located in states with high insurance costs will generally pay more for their coverage than businesses in states with low insurance costs.
Whether your business is a public or private company will also have a significant impact on how much you can expect to pay for your business insurance.
Finally, businesses with more employees tend to pay more for coverage than businesses with fewer employees. This is mostly because businesses with more employees are more likely to be sued than businesses with fewer employees.
How Can I Reduce My General Liability Insurance Cost?
One way to reduce your insurance premium is by lowering your aggregate limit. You might be able to get by with a $1MM policy instead of a $2MM policy, for instance.
The best way to know if such a decision is right for you is to, of course, take a detailed look at your business and what claims you might face.
It would also be a very good idea to speak with an insurance agent in detail about what coverage would be best for you.
Safety First is Important!
To save money on your insurance plan, one of the best things you can do is keep your workplace safe.
If you have an excellent track record with few claims, then there is a good chance that your insurance company will offer you a better rate.
Take Advantage of Discounts
Another thing you can do to save money is ask for discounts.
Discounts are offered by general liability insurance providers and carriers from time to time to incentivize people to get plans.
So, we encourage you to ask your insurance agent if this is something they currently have available.
Choose the Right General Liability Insurance for Your Business
All n One Insurance offers general liability insurance for businesses of all sizes at an affordable price.
We have coverage options available to fit any budget.
Our policies are backed by CNA Financial, an excellent carrier.
Contact us today to get a free quote!
