Get the right commercial insurance for your Las Vegas business
Which insurance policies are recommended for Las Vegas businesses?
A business-friendly tax code combined with a low cost of doing business make Las Vegas a magnet for small business owners. Protect your investment with these common insurance products.
General liability insurance
A general liability policy pays for legal costs from customer accidents, along with defamation and copyright infringement claims. Commercial leases in Las Vegas often require this coverage.
- Customer accidents at your business
- Damage to a customer's property
- Slander and other advertising injuries
Professional liability insurance
A professional liability policy covers legal costs related to claims of negligence, such as advice that caused a client to lose money. It's sometimes called errors and omissions insurance (E&O).
- Mistakes that cause financial loss
- Accusations of professional negligence
- Missed deadlines
Cyber liability insurance
Cyber insurance helps small businesses in Las Vegas recover after a data breach or a cyberattack. Every business that handles customer information should have this coverage.
- Data breach notification costs
- Fraud monitoring services
- PR campaigns after a breach
Business owner’s policy
A business owner's policy, or BOP, is an affordable way to buy general liability and commercial property insurance together. It's recommended for all small, low-risk businesses in Las Vegas.
- Customer slip-and-fall injuries
- Damaged business property
- Theft and vandalism
Workers’ compensation insurance
Workers' comp is required for all Nevada businesses that have employees. It also covers work-related injuries for sole proprietors, which health insurance may deny.
- Medical bills from job-related injuries
- Disability benefits
- Lawsuits from injured workers
Commercial auto insurance
All vehicles owned by Las Vegas businesses must be covered by commercial auto insurance. This policy primarily covers injuries and property damage caused by your vehicle.
- Injuries from an auto accident
- Damage caused by your vehicle
- Lawsuits from an auto accident
Errors and omissions insurance
E&O insurance protects consultants and professional services against legal defense costs from dissatisfied clients. It's also called professional liability insurance.
- Errors and oversights
- Breach of contract
- Professional negligence
Commercial property insurance
This policy covers physical damage to a Las Vegas business's building and its contents, including any computers and equipment. You can bundle it with general liability in a BOP.
- Fires
- Burst pipes
- Storm damage
Commercial umbrella insurance
An umbrella policy provides coverage once the limit is reached on your underlying general liability insurance, commercial auto insurance, or employer's liability insurance.
- Customer lawsuits
- Auto accident lawsuits
- Employee injury lawsuits
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Which business insurance policies are required in Las Vegas?
State laws often determine your business insurance needs. These policies help you comply with Las Vegas' insurance requirements.
Workers' compensation insurance
Nevada's workers' compensation law requires this type of insurance for all businesses that have employees, whether they work full time or part time.
Workers' comp pays for medical expenses when one of your employees is injured on the job or develops an occupational illness. It also provides disability benefits for injured Las Vegas workers.
Commercial auto insurance
Nevada state law requires commercial auto insurance for all vehicles used solely for work purposes. This insurance policy covers medical payments, legal costs, and property damage from accidents involving your commercial vehicle.
Las Vegas businesses must meet the state's requirements for auto liability coverage, which are:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage liability per accident
This amount of coverage is the least you need. It's worth considering higher limits, given the potential cost of a lawsuit. Trucking companies also may need more coverage to comply with regulations.
Nevada business owners who use personal, rented, or leased vehicle for work purposes may want to consider hired and non-owned auto insurance (HNOA) instead.
How much does business insurance in Las Vegas cost?
Small businesses in Las Vegas don't have to pay a lot for commercial insurance. Here are a few average costs for Nevada businesses, based on policy data from Insureon customers:
General liability: $44 per month
Workers' comp: $53 per month
Professional liability/E&O: $86 per month
The cost of business liability insurance depends on factors such as:
- Type of business
- Business operations
- Number of employees
- Policy limits and deductibles
- Claims history
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FAQs about Las Vegas and Nevada business insurance
How do I get a certificate of insurance for my business?
Sometimes you need to get insured quickly to sign a contract, lease, or other agreement. With Insureon, you can get same-day insurance in three easy steps:
- Fill out our easy online application to get quotes from top-rated providers.
- Choose a policy and pay for it online.
- Download a certificate of insurance (COI) by logging into your account.
Our licensed insurance agents will help you get the right business liability and property insurance for your needs. Most Las Vegas businesses can get their certificate of insurance within a few hours of applying for quotes.
Can my business be held liable for a data security breach?
Yes – that's why cyber insurance is so crucial. Small businesses are a common target of cyberattacks since they often have fewer security measures in place.
Nevada's data breach laws require Las Vegas businesses to notify any residents whose personal information is exposed in a data breach. Your business could also end up paying for a data breach investigation, a PR campaign, and other costs related to a breach or cyberattack.
Cyber insurance covers these costs and provides resources so you can get back to business fast.
Does my industry affect Las Vegas insurance requirements?
Yes, the city of Las Vegas may require you to buy certain types of business insurance or bonds, depending on your profession. You may also need a business license or permit to operate in the city or do certain types of work.
Here are a few examples of local business requirements:
- All businesses in the state of Nevada must register and obtain a state business license through the Nevada Secretary of State.
- Contractors need to carry a surety bond to comply with Nevada's state licensing requirements. They must also provide proof of workers' compensation or submit an exemption form.
- Contractors with the Las Vegas Valley Water District must carry commercial general liability, automobile insurance, and cybersecurity insurance for most construction contracts.
- Notaries public in the Silver State must maintain a $10,000 surety bond during their four-year commission.
- Landscapers need to comply with Clark County's Site Landscape and Screening Standards, which include water conserving irrigation systems for all landscaping.
When running a business in Las Vegas, you need to be aware of laws and regulations for Nevada, Clark County, and the city of Las Vegas.
How can I get help starting a small business in Las Vegas?
Nevada is one of the top 10 best states to start a business, with low taxes and ample opportunity to thrive among the busy casinos and hotels. Here are a few resources to help you get started:
- The Nevada Small Business Development Center (SBDC) offers free business consulting and low-cost training to new and existing businesses in the area.
- The State of Nevada Department of Business & Industry has a Business Resource Center with information about how to start, grow, and manage your business.
- SCORE Las Vegas provides mentorships, free workshops, and other resources for businesses in Las Vegas.
- The Nevada Minority Business Development Agency (MBDA) helps minority business owners find capital and contracts.
- The Nevada Women's Business Center offers free workshops, trainings, and consultations for women and minority entrepreneurs in Nevada.
- The Las Vegas Chamber of Commerce hosts a variety of in-person networking events for local business owners.
- The U.S. Small Business Administration (SBA) is a trusted source for small business loans with competitive rates and fees.
Keep in mind that many lenders will require you to first obtain business insurance coverage, which is yet another reason to insure your investment.
How can I save money on Las Vegas business insurance?
Small business owners can save money on insurance costs by comparing quotes from different providers. With Insureon, you can get free quotes from top-rated carriers by filling out one easy application.
There are a few other ways to save, such as:
- Bundle policies for a discount. The most popular option is a business owner's policy, which includes both commercial general liability coverage and property insurance.
- Choose less expensive coverage options. Lower limits or a higher deductible can help you save money on your policy.
- Focus on workplace safety. Fewer accidents means fewer claims, which helps keep your premium low.
Learn more about how to find cheap business insurance.