Affordable Business Insurance

To get cheap general liability insurance, you should target digital-first carriers that bypass agent commissions or specialized brokers that compare multiple low-cost providers instantly.

For a standard small business in 2025, a "cheap" monthly premium typically ranges from $11 to $45, depending on your industry and risk level.

Top Providers for Low-Cost General Liability

CompanyStarting RateBest For...NEXT Insurance$11/moAbsolute lowest rates for low-risk micro-businesses (e.g., DJs, tutors, photographers).Simply Business$14/moComparison shopping; they act as a broker to find the cheapest rate among 40+ carriers.Thimble$17/moFlexibility; great for short-term "by-the-job" coverage or monthly plans you can pause.Hiscox$22/moIndependent professionals and consultants who need a reputable, specialized brand.biBERK$25/moDirect-to-customer savings; owned by Berkshire Hathaway, they cut out middleman fees.

Where to Shop Right Now

• For Instant Quotes: Go to NEXT Insurance or biBERK.1 They have the fastest online binding processes and often offer the most competitive direct pricing.

• To Compare Multiple Bids: Use a marketplace like Simply Business or Insureon.2 You enter your info once, and they return the cheapest options from companies like Travelers, CNA, and Hiscox.

• For "Gig" or Temporary Work: Use Thimble. It is often the "cheapest" because you only pay for the exact hours or days you are actually working.

3 "Pro" Tips to Lower Your Premium

1. The 10% Bundle Discount: If you need more than just liability (like equipment coverage), buy a Business Owner’s Policy (BOP).3 Bundling often makes the general liability portion significantly cheaper than if bought alone.

2. Adjust Your Deductible: Many "cheap" plans have a $0 deductible, which raises your monthly cost. If you can afford to pay $500 or $1,000 out of pocket for a claim, your monthly premium will drop.

3. Pay Annually: Most providers (including The Hartford and NEXT) offer a 10% to 15% discount if you pay for the full year in one lump sum rather than monthly.

How to Verify the Price

Before you buy, ensure the "cheap" plan includes Product Liability (if you sell goods) and check if the Aggregate Limit (the most they’ll pay in a year) is at least $2 million, which is the current industry standard for most commercial leases.