Casino Insurance: Cost & Quotes From $30/mo

Some prefer casinos over amusement arcades. Gambling, though not recommended for many, can be quite fun. A casino can make millions per day. But it’s also possible for a casino to make losses that almost equal these profit margins. So how can you sustain your casino business? Read on to learn more about the casino insurance coverage you should purchase, their coverage limits, and the add-ons which you should purchase under each. Moreover, you’ll also learn about the best carriers to work with.

General Liability Insurance for Casino

CoverWallet  NEXT (Best) Thimble  Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $300,000/$1,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $100,000 $100,000 $5,000 $100,000 $1,000,000
Waiver of subrogation included? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No Excluded Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included


Commercial general liability insurance for casinos protects your business against claims arising from the use of your products and services. Under this policy, your insurer provides you with coverage for the following claims and costs:

  • Copyright infringement claims

  • Reputational harm and advertising injuries claims

  • Third-party bodily injuries and property damage liabilities

Coverage Limits of General Liability Insurance for Casino

There are two types of coverage limits for general liability insurance for casinos. The first one is the per occurrence limit which is approximately $1,000,000 and the second one is the aggregate limit which is $2,000,000.


Add-Ons to General Liability Insurance for Casino

  • Liquor liability coverage–If your casino business sells, serves, or distributes alcohol to its clients, then we recommend that you purchase this add-on as it can protect from bodily injury and property damages liability that your intoxicated client causes after serving them liquor

  • Product liability insurance–Under this add-on, your insurer protects you from any financial burden your casino business may be subjected to in the event the products you sell, manufacture or distribute causes your customer’s bodily injuries or property damages

Professional Liability Insurance for Casino

CoverWallet  NEXT Thimble (Best) Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $1,000,000 $1,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $1,000,000 $2,000,000
Name additional insureds? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Can be included No


It’s also called errors and omissions insurance. This casino insurance is a specialty insurance policy that is designed for those who earn their living through their professional expertise. Under this policy, your casino insurance carrier of choice covers you against incurring the legal expenses of the following lawsuits:

  • Alleged acts of negligence

  • Breach of contract

  • Failure to meet the set deadline

  • Gross professional misconduct

  • Provision of misleading or inaccurate information

  • Undelivered services

Coverage Limits of Professional Liability Insurance for Casino

It’s approximately $1,000,000 per occurrence limit and $5,000,000 aggregate limit.

Compare Cheap Casino Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Commercial Property Insurance for Casino

CoverWallet NEXT (Best) Thimble The Hartford Hiscox
Building coverage limit (minimum) $50,000 $320,000 $25,000/$500,000 $75,000 $25,000
Contents coverage limit (minimum) $50,000 $35,000 $25,000/$500,000 $75,000 $15,000
Outdoor signs Excluded $2,500 Excluded Excluded Included
Accounts receivable  Excluded Excluded $5,000/$10,000 Excluded Included
Money and securities Excluded $2,500 $1,000 Excluded Included
Lock and keys  Excluded $2,500 Excluded Excluded Included
Business interruption floater Excluded Included Included Excluded Included
Equipment breakdown floater Excluded Included Excluded Excluded Included
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Excluded Excluded


This casino insurance protects you from incurring the costs of repairing either your rented or owned commercial building in the event it gets destroyed by fire, or some weather-related events such as windstorms, theft, and vandalism. 

This business insurance also exempts you from incurring the costs of replacing or repairing your casino’s physical assets such as furniture, supplies, and inventory which get destroyed in your commercial premises. Important to note is that this insurance policy doesn’t provide you with coverage in the event your commercial property gets destroyed by pest infestation and floods.


Coverage Limits of Commercial Property Insurance for Casino

It’s approximately $100,000-$1,000,000. The market value of your casino’s physical assets, its size and the safety measure you have put in place to prevent the occurrence of the insured peril are some of the coverage limits determining factors.


Add-Ons to Commercial Property Insurance for Casino

  • Business interruption insurance–You can use this add-on in the event you lose income or you are unable to pay rent or your employees’ payroll due to an imminent and sudden stoppage of your casino’s revenue-generating activities

  • Flood insurance–If your casino business is located in areas that are prone to flooding, then we recommend that you purchase this add-on as it will cover you from incurring the costs of repairing, rebuilding, and replacing your commercial buildings and the assets in it following their destruction by floods

Business Owner’s Policy for Casino

CoverWallet NEXT (Best) Thimble  Hiscox
General liability aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000
Commercial property coverage limit  $50,000 $320,000 $25,000/$500,000 $75,000
Optional policies can be added? Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes


This is a bundled comprehensive coverage that merges general liability insurance, commercial property insurance, and business interruption insurance into one convenient policy. It’s not only cost-effective but also time-saving. 

Some of the perils your casino is insured against are fire, theft, vandalism, and some weather-related incidents such as hailstorms and windstorms. Important to note that this casino insurance will not provide you with coverage in the event your business becomes subject to a cyberattack or is destroyed by floods or terrorist acts. Under this policy, your casino business is covered against the following lawsuits and costs:

  • Third-party bodily injury and property damage

  • Advertisement injuries

  • Copyright infringement lawsuits

  • Loss of income

  • Costs of repairing and rebuilding buildings that have been damaged

Coverage Limits of Business Owner’s Policy for Casino

Insurers will pay you approximately $1,000,000 as the coverage limit for this policy. The size and the levels of risk your casinos are exposed to are some of the factors that influence how much an insurer will pay you in the event an insured peril occurs.

Add-Ons to Business Owner’s Policy for Casino

  • Premises pollution liability insurance–Casino operations cause a number of environmental pollutions with air, noise, and sometimes land pollution (deposition of non-biodegradable waste materials on the land surface) being the common types of casino-related environmental pollution. Thus, in the event your casino becomes liable to pay for land reclamation services, cleanup costs, legal expenses, and third-party bodily injury and property damage liability, then you can use this add-on for your benefit

  • Employee dishonesty coverage–In the event your casino employees commit fraudulent acts such as forgery and embezzlement, then you can use this add-on to shield your casino business from any financial losses

Tools and Equipment Insurance for Casino

NEXT  Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0


This is a business insurance policy that exempts you from incurring the costs of repairing or replacing your casino’s tools and equipment in the event they get lost, stolen, or damaged by an insured peril. The commonly insured perils under this policy includes fire, vandalism, and lightning. 

It’s important to note that this policy will not provide you with coverage if you intentionally damage your tools and equipment or if they get destroyed by floods. It also doesn’t cover the general wear and tear of tools and equipment. Most often, insurers will only provide coverage to tools and equipment that are moveable and less than 5 years of age.


Coverage Limits of Tools and Equipment Insurance for Casino

It’s approximately $5,000 per insured item. The deductibles influence how much an insurer will pay you as the coverage limit under this policy.


Add-Ons to Tools and Equipment Insurance for Casino

  • Earthquake insurance–In the event your casino’s tools and equipment get damaged or destroyed by an earthquake, then your chosen insurer will cover the repair and replacement using the coverage limits for this add-on

  • Inland marine insurance–This add-on protects you from any financial consequence your casino business may be subjected to in the event the tools and equipment you use get lost, stolen, and damaged by the insured peril during their transportation

Workers Compensation Insurance for Casino

All the states in the USA except Texas require employers to purchase this insurance policy and include it in their casino insurance programs. Workers compensation insurance covers the medical expenses, lost wages, dismemberment, and disability benefits of an employee who has been subjected to a work-related injury or illness. 

It also provides a deceased employee’s named beneficiary with death benefits. These death benefits are usually in the form of burial expenses. If your employee accepts to be compensated for their work-related injury and illness under this policy, they automatically lose their right to sue you for acts of negligence.


Coverage Limits of Workers Comp Insurance for Casino

There are no set coverage limits on how much an insurer will pay you for workers compensation insurance for casinos.


A casino table with a roulette wheel on it.


Excess Liability Insurance for Casino

Excess liability insurance for casinos works as a backup financial protection insurance that gets used in the event the coverage limits of your primary policy get exhausted. For instance, if a customer sues you for bodily injuries caused by the use of your casino products, and they want to be compensated $2 million yet your product liability insurance coverage limit is $1.7 million only, then you can use this policy to cover the remaining claim balance. 


Coverage Limits of Excess Liability Insurance for Casino

An insurer should pay you a coverage limit of $10,000,000. However, it’s important to note that this coverage limit is subject to change depending on the specific primary policy and the insurance provider.

Rank and Review Insurance Companies

Help others make better decisions

Show more

Casino Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $49 $588 $0-$500
Professional liability insurance $56 $672 $500-$1,000
Excess liability insurance $59 $708 $500-$1,000
Commercial property insurance $102 $1,224 $1,000-$2,000
Business owner’s policy $150 $1,800 $500-$2,000
Commercial auto insurance $79 $948 $1,000-$2,000
Workers compensation insurance $116 $1,392 $2,500-$5,000


The average casino insurance cost is $49 per month or $588 per year for a $1 million general liability insurance. Factors that affect the cost of premiums are claims history, business history, policy limits, location, deductibles, revenues, and number of employees. Here’s a table showing the cost of a $1 million general liability insurance from the best casino insurance companies:

Company Monthly Cost Annual Cost Best for
NEXT $29 $348 Best overall; Fastest general liability insurance for casinos
CoverWallet $31 $372 Comparing casino insurance quotes online
The Hartford $33 $396 Established and large-scale casinos that own or deal with costly or expensive to replace and repair business assets
Tivly $35 $420 Comparing casino insurance quotes over the phone
Thimble $38 $456 Casinos that operate seasonally or those that are in need of short-term casino insurance coverage
Hiscox $41 $492 Casinos that are located in high-risk areas or casinos that are exposed to high levels of risk.

Compare Cheap Casino Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Casino Insurance Companies

Below is a list of some of the best casino insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT Casino Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for casinos

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any

NEXT is a privately owned insurance carrier that specializes in selling business insurance policies to small-scale business owners. This 7-year-old 100% digitally operated insurer, whose headquarters are located in Palo Alto, USA provides its clientele with customizable and affordable online casino insurance coverage options. As of today, AM Best has independently rated NEXT, as an A- online insurer.

Best for: Best overall; Fastest general liability insurance for casinos

Average cost: $29 per month

Our rating: 10/10


CoverWallet Casino Insurance

Pros

  • HNOA coverage included in general liability insurance

  • Compare quotes over online

  • Compare quotes quickly

  • Easy online policy management

Cons

  • Not an insurance company but an insurance broker

CoverWallet is an AON-owned insurance provider that works with its 29 partnered insurance providers to facilitate its clients with the easy and convenient purchase of commercial/business insurance policies. Through its website, both veteran and novice policyholders are provided with coverage recommendations that best suit their needs. Liberty, Starr, Progressive, Chubb, Atlas, and Hiscox are some of the insurers that work in partnership with this BBB B-rated insurance carrier.

Best for: Comparing casino insurance quotes online

Average cost: $31 per month

Our rating: 10/10


The Hartford Casino Insurance

Pros

  • It underwrites both personal and commercial insurance coverage

  • You can benefit from its lifetime renewable auto policies

  • Renowned company for workers compensation insurance

Cons

  • Limited add-ons to general liability insurance

The Hartford was founded in 1810 by a group of local merchants. This financially stable insurance carrier has its headquarters located in Hartford, Connecticut, USA. The AM Best rates this 13th largest property and casualty insurer grade A+. This USA-based insurer provides its coverage options to all 50 states. It also provides its members with financial services.

Best for: Established and large-scale casinos that own or deal with costly or expensive to replace and repair business assets

Average cost: $33 per month

Our rating: 10/10


Tivly Casino Insurance

Pros

  • Compare quotes over the phone

  • A partner of reputable insurance companies

  • Grants coverage regardless of your risk profile

Cons

  • You need to call to get a quote

Previously known as CommercialInsurance.net, Tivly, an A+ AM Best-rated insurance policy, was founded in 2009 by Chad Jaquays. Through its website, you can purchase the following casino insurance coverage: business owner’s policy, general liability insurance, workers comp insurance, and commercial auto insurance policies. Call now to compare quotes over the phone. 

Best for: Comparing casino insurance quotes over the phone 

Average cost: $35 per month

Our rating: 8/10


Thimble Casino Insurance

Pros

  • Offers short-term general liability insurance

  • Numerous add-ons available

  • Easy to customize policy limits

Cons

  • Commercial auto insurance is provided through a partner

In 2016, Eugene Hertz and Jay Bregman founded this USA-based insurance carrier. Thimble is a privately owned insurer whose headquarters are located in New York, USA. The AM Best has rated Thimble as an A-grade online insurance company that provides its customers with on-demand, temporary, or short-term coverage.

Best for: Casinos that operate seasonally or those that are in need of short-term casino insurance coverage

Average cost: $38 per month

Our rating: 8/10


Hiscox Casino Insurance

Pros

  • It’s dependable as it has been in operation since 1901

  • It deals with both personal and commercial insurance policies

  • Offers worldwide coverage

  • You can get a 5% discount incentive if you buy more than two of its insurance policies

Cons

  • It’s yet to provide its coverage options to Alaska

Hiscox is a globally operated and renowned public insurance company that has been in operation for the last 112 years. This A-grade AM Best-rated insurer has its headquarters located in Bermuda, UK. As of today, Hiscox enables its clientele to conveniently acquire pocket-friendly commercial and personal insurance coverage.

Best for: Casinos that are located in high-risk areas or casinos that are exposed to high levels of risk

Average cost: $41 per month

Our rating: 8/10

Recent Reviews

Recent Posts


Additional Business Insurance posts