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Nevada Business Insurance

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Customized business insurance in Nevada

Nevada’s population has been steadily increasing over the past few years, partially because residents of expensive West Coast cities are relocating to the state to take advantage of its lower cost of living and lack of income tax.Some of these new Nevadans are starting small businesses.

Small business insurance in Nevada offers essential protection for the state’s estimated 271,000  small company owners and their employees.2 Coverage in the Silver State typically includes insurance that helps if someone at your company:

  • Is accused of causing injury or property damage
  • Makes a professional mistake or oversight that causes someone else to lose money
  • Gets injured on the job
  • Has an accident in a company-owned vehicle

NEXT Insurance helps more than 1,000 types of small businesses and self-employed workers quickly get the coverage they need online at the best price. We specialize in small business insurance, so we can easily help you find a custom insurance package that is right for you.

Continue reading to find out about the most important types of business insurance in Nevada or start a free instant quote to review options for your business.

Business insurance coverage and requirements in Nevada

A small business insurance package in Nevada might consist of the following policies:

business insurance lp img1
General Liability insurance
General Liability insurance

General liability coverage is an essential form of small business insurance in Nevada that helps cover claims of injury or property damage.

Many commercial landlords will ask for proof of general liability insurance before offering you a lease. If someone sues your company, general liability insurance helps cover attorney fees, court costs and any additional damages for which you are held responsible.

A business might need to file a general liability claim in the following situation:

A customer at a small cafe in Las Vegas accuses a barista of spilling a hot cup of coffee on their arm and seeks medical care. The business owner’s general liability coverage would help cover the patron’s medical expenses.

Cleaning and construction companies should strongly consider adding tools and equipment coverage to small business insurance bundles in Nevada. This general liability upgrade helps replace or repair essential work items that are stolen, lost or damaged.

Workers' Compensation Insurance
Workers’ Compensation insurance

Nevada state law requires businesses with employees to carry workers’ comp coverage. If an employee gets hurt at work, this type of insurance helps injured staff members pay for medical expenses.

Workers’ compensation coverage in Nevada also reimburses injured employees two-thirds of their wages or a lump sum depending on the nature and length of the disability.3

For example, an employee of a Henderson-based roofing firm has a heat stroke during a summer job and needs a few days off to recover. Workers’ comp coverage helps the employee cover medical costs and pays for a portion of lost wages while he is unable to report to work.

Commercial Auto Insurance
Commercial Auto insurance

All Nevada drivers must purchase auto insurance that covers at least $50,000 in injuries to other people.4

Businesses that own vehicles need commercial auto insurance since personal auto coverage doesn’t usually pay for damages from work-related car accidents. Companies with more than one titled vehicle should strongly consider buying more than the minimum coverage, particularly if employees are often on the road for work.

For instance, a self-employed snow plower in Carson City has a wreck on Highway 395 after returning from a job in the Lake Tahoe area, damaging a company vehicle and two other cars. Commercial auto insurance helps pay to repair damages to the automobile, with out-of-pocket costs determined by the policy limits and the deductible.

Hired and non-owned auto coverage is a form of commercial auto insurance that helps pay for damages from work-related accidents in vehicles your company doesn’t own. Nevada-based businesses that sometimes request that employees drive their own automobiles for work or rent vehicles may want to add this plan to cover all their bases.

Errors & Omissions
Professional Liability insurance

Claims of professional negligence can result in a hefty bill, either in the form or financial damages, lawsuit costs or both.

Professional liability insurance, which is also called errors and omissions (E&O) coverage, helps small businesses pay to address these types of accusations up to the policy’s limits.

For example, a client alleges that an event planner fails to secure the proper conference room and audiovisual equipment for an event at the Reno-Sparks Convention Center and seeks financial reparations. The event planner’s E&O insurance would help pay for damages to settle the claim, along with court costs and lawyer fees if the client sues.

Business insurance in Nevada

How much does business insurance in Nevada cost?

NEXT customers based in Nevada pay a median of $35 per month for insurance across major industries that we serve. How much it costs to protect your small business depends on considerations like:

Regular business risks. If you work in an industry that has greater chances of injuring someone or damaging property, you’ll spend more on small business insurance in Nevada.

Construction companies based in the state pay a median of $71 per month for coverage, while professional service providers pay $25.

How much coverage you buy, including policy limits. Choosing the minimum business insurance in Nevada and policy limits will reduce your monthly bills. However, if you need to file a claim for damages, you might not save money in the long run.

Number of workers. A business with 15 employees will pay more for workers’ comp insurance than one with five. Having correct employee numbers, including those you plan to hire, will simplify the process of getting an accurate quote.

Start a quote with NEXT Insurance today to explore coverage options for your business in just a few minutes.

business insurance in Nevada

How NEXT can help you with business insurance in Nevada

We offer a quick and simple way for you to get business insurance quotes online, purchase coverage and share your certificate of insurance. The entire process typically takes just a few minutes.

Our team of licensed, U.S.-based advisors can help you if you have any questions.

More resources for Nevada small businesses and self-employed workers

Customer reviews

I am so excited
I am totally excited about my new insurance for my small business. I am happy that the price was in a range that I can afford, the terms were easy to understand and it was so simple to purchase my first policy. I look forward to doing business with you in the future.
Curzella J.
Easiest insurance purchase – EVER!
I was looking around trying to compare insurance and I am so lucky I found NEXT. I was able to compare levels of coverage, and all the options, without pressure from a salesperson or time limits. I was able to check out prices and it was more coverage for less than the “traditional” company I looked at.
Michael W.
Happy small business owner!
I needed liability insurance for my new small business brick & mortar location. I got the run around from another company, but NEXT provided a competitive insurance quote in a timely manner. I now have the insurance that I need and it was stress-free!
Nicole E.

Get customized insurance wherever you do business

Learn more about insurance options in the states where you work.

Take a look at some helpful blog posts
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* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.