Popular Questions about Business Insurance in Nevada

Business insurance is designed to safeguard your company against large financial losses related to hazards like severe weather events, forced temporary closures, property crimes, and liability lawsuits.

This insurance can prove quite beneficial as is evidenced by the fact that in 2016 alone, businesses in Nevada collected more than $1.2 billion in insurance claims.

A local independent agent can help you build a business insurance plan that is customized to meet the specific needs of your Nevada business.

When liability lawsuits are brought against companies in the US, they can often result in judgments exceeding $1 million. Even if the courts rule in your company’s favor, your business can be out several thousands of dollars due to court costs, legal defense fees, and lost work time unless it is covered by right kind of liability coverage.

Think you don’t need liability coverage for your business? Consider this: Statisticians predict that as many as 40% of small businesses are likely to have a property or general liability lawsuit brought against them in the next 10 years. Customer slip and fall injuries are among the most common lawsuits brought against businesses and the average cost per claim for these falls is $20,000.

Commercial liability insurance can protect your company by covering the expenses that may accrue if your business is sued. Of course, liability lawsuits aren’t the only risk faced by US companies. Here are some other things businesses have been using their insurance to cover:

  • Theft and burglary: The average cost per claim is $8,000
  • Water damage and freezing pipes: The average cost per claim is $17,000
  • Wind and hail damage: The average cost per claim is $26,000
  • Fire damage: The average cost per claim is $35,000

Business insurance is designed to pay for losses, damage, and other expenses associated with covered events so that your business doesn’t have to. This can help your company remain profitable, even during times of disaster.

Here are some of the things you can expect a well-built business insurance policy package to do:

  • Pay for loss or damage to your business property
    • Example: During an electrical storm, a power line topples onto the building in which your business is housed, and thousands of dollars worth of inventory is damaged.
  • Pay for income lost during forced business closures
    • Example: A wildfire tears through the neighborhood where your business is located. Several businesses, including yours, experience significant fire damage. It takes several weeks before repairs can be made and you are able to reopen.
  • Pay for someone else’s medical bills or property damage
    • Example: One of your customers breaks a hip when she slips on a wet floor in your business showroom.
  • Pay for accidents involving company vehicles
    • Example: One of your delivery drivers accidentally sideswipes another car with the company van while changing lanes on the freeway.
  • Pay for employee injuries and work-related illnesses
    • ExampleA nurse at the outpatient surgical center you run throws out her back while assisting with transporting a patient from a gurney to a bed.

You may need to purchase additional policies to fully protect your company against all of its potential risks. There are several additional commercial products and options available to business owners. This enables you to build a policy package that offers complete coverage against all your company’s exposures.

A business insurance policy in and of itself is not required by law. However, some policies you may include in your business insurance pack could be. For example:

  • Businesses that have company-owned vehicles are required by law to carry commercial auto insurance.
  • All employers in Nevada are required to carry workers’ compensation insurance.
  • Businesses that do contracting work like construction are often required to show proof of contractors insurance before they are hired to do a job.
  • If you want to take out a business loan or line of credit, your financial institution may require you to show proof of business insurance and to maintain it through the duration of your loan repayment period.

To learn more about coverage that your business may need to carry, you can consult a local independent insurance agent.

Business insurance rates are based on a number of factors such as the type of business you own, its average annual revenues, the number work workers you employ, your company’s liability exposures, and the amount and types of coverage you want to include in your policy package.

Costs and policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a comprehensive business insurance plan for your company.

In independent insurance agent may find that it is in your company’s best interest to work with more than one insurance company. For example, while one insurer may offer the best price for workers’ compensation coverage, another may have the best price for a commercial vehicle policy. Independent agents enable you to get coverage from multiple companies while still having a single point of contact through their local office.

Yes! There are currently 142 independent agencies in Nevada who are ready to help. Unlike captive agents, independent agents are not tied to a single insurance provider so they can shop around for the policies that offer the most value to your company.

These agents can save you time and money by helping you make sure that you are getting suitable, yet affordable, coverage for all of your company’s potential exposures while not paying for any of the coverage your business does not need.

Contact an independent insurance agent near you to get started.

How does business insurance work?

Find the Best Insurance in Your City

National Business Insurance Stats

Number of businesses in the US: 27,626,360

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Carson City6,630n/an/a
Enterprise7,897n/an/a
Fernley852n/an/a
Henderson25,9063.372.20
Las Vegas55,8567.284.83
North Las Vegas13,0705.374.86
Pahrump2,328n/an/a
Paradise20,828n/an/a
Reno21,5774.254.16
Sparks6,1935.573.26
Spring Valley17,658n/an/a
Summerlin South2,586n/an/a
Sunrise Manor9,812n/an/a
Whitney1,852n/an/a
Winchester3,908n/an/a
  • Las Vegas, NV
  • Business Insurance Common Coverage Options
  • Property: The crime rate in Las Vegas is among the highest in the state. Every year, around 25,000 thefts and 12,000 burglaries are reported in this city. You can shield your business from losses caused by crimes such as shoplifting, looting, and even embezzlement by your employees with the crime insurance offered in your business insurance policy.
  • Commercial auto: Whether you are insuring a delivery van or a fleet of construction vehicles, commercial auto insurance can cover costs associated with vehicular repair following a collision as well as with your company’s increased liability risks. This insurance is required for company-owned vehicles in this state. If your vehicles are driven over state lines, you will need to be sure that your policy also meets federal coverage requirements. A local independent agent can help.
  • Workers’ compensation insurance can cover medical bills and lost wages for workers who are injured on the job or who are stricken with an occupational illness. Rates for this coverage are based on your company’s overall payroll and the potential risks faced by your employees according to their job classifications. All employers in Las Vegas are required to have this insurance.


  • Henderson, NV
  • Business Insurance Common Coverage Options
  • Property: You will want to be sure that your business policy adequately covers all of your commercial property. That way, if your business is completely destroyed by a major disaster like a fire or an explosion, you can easily afford to rebuild and replace so your company can get back to normal operations. Sometimes this means adding additional coverage such as inland marine insurance or boiler & machinery insurance. A local independent agent can review your company’s specific coverage needs and offer trustworthy advice.
  • Commercial auto: If your business owns a vehicle or a fleet of vehicles, you will be required by state law to cover them with commercial auto insurance. Your rates will be based on several factors, including the number and types of vehicles you are covering, details about the employees who will be operating them, and the risk of collisions and vehicular theft where they will be driven.
  • Workers’ compensation insurance is required if your Henderson business has at least one employee. This insurance can cover medical treatments, lost wages, and other costs associated with workplace injuries and occupational illnesses. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates can vary significantly from one business to the next.


  • Reno, NV
  • Business Insurance Common Coverage Options
  • Property: Your business has likely invested a lot into its assets such as computers, furniture, machinery, inventory, and supplies. Commercial property insurance can help cover the cost of repairing or replacing this property if it is lost or damaged due to a covered event such a severe weather event or a crime. Find a policy and rate that works best for your Reno business by teaming up with a local independent agent.
  • Commercial auto: Your business is required to have commercial auto insurance if it owns a vehicle or a fleet of vehicles. Rates for this coverage are based on several factors like the types of vehicles you are covering and information about the employees who will be driving them. Large trucks and construction vehicles cost more to insure than cars and cargo vans since they are large and heavy and can therefore cause much more damage if involved in an accident.
  • Workers’ compensation insurance is designed to cover the cost of medical treatment, lost wages, and other expenses related to injuries or illnesses your employees suffer because of doing their jobs. It is required for all employers in Nevada. Workers' compensation rates are assigned according to your company’s overall payroll and the types of jobs your employees do.


  • Paradise, NV
  • Business Insurance Common Coverage Options
  • Property: Having sufficient commercial property insurance can shield your company from losses related to hazards like accidental fires, property crimes, and severe weather events. To be covered against flood damage, you will need to include a commercial flood insurance policy in your business insurance policy package. An independent insurance agent in Paradise can help you be certain that all of your company’s assets are properly insured.
  • Commercial auto:  If your Paradise business owns a vehicle or fleet of vehicles, you will be required by state law to carry commercial auto insurance. This insurance is designed to cover your company against its increased risks of expensive liability lawsuits if one of your drivers causes a collision. Rates for coverage can vary according to the number and types of vehicles you are covering, as well as the accident and vehicular theft rate in the areas where your employees will be driving.
  • Workers’ compensation insurance covers medical expenses and paid time off for employees who are injured on the job or are stricken with an occupational illness. If your Paradise has at least one employee, you are required by Nevada state law to have this insurance. Rates for coverage can vary significantly from one business to the next, depending on the types of jobs your employees do and your company’s overall payroll.


  • Spring Valley, NV
  • Business Insurance Common Coverage Options
  • Property: There are many ways that your Spring Valley business may sustain property loss or damage. Property crimes, like theft and arson, and severe weather events, like electrical storms and windstorms, can lead to expensive losses if you are not properly insured. A local independent agent can help you be certain that your coverage level are high enough and that you have all the commercial property insurance policies your business needs.
  • Commercial auto: Many businesses in Spring Valley have company-owned vehicles. From company cars to delivery vans to 18-wheelers, if your company owns vehicles, they must be covered by a commercial auto insurance policy that meets or exceeds the state’s minimum coverage requirements. If these vehicles are used for interstate commerce, they must meet federal requirements as well. A local independent agent can help you find a great policy at a competitive price.
  • Workers’ compensation insurance covers medical bills and lost wages for workers who suffer occupational illnesses or are injured while doing their jobs. It is required for all Nevada businesses that have at least one employee. Rates are assigned according to your company’s payroll and the types of jobs your workers do.