Contractors Insurance
Protecting your business, tools, and team—comprehensive insurance tailored for contractors.
Expert Advice and Personalized Service from Our Experienced Team
At Insurance.Contractors, we specialize in tailored insurance solutions for contractors across all trades. Whether you’re an independent tradesperson or managing a team, we understand the unique risks you face. From general liability and workers’ compensation to tools and equipment coverage, we help safeguard your business with policies that fit your specific needs. With our expert guidance, you’ll get the right protection—so you can focus on building, repairing, and creating with confidence.
FAQ's
What type of insurance do I need as a contractor?
As a contractor, the type of insurance you need depends on your trade, business size, and risk exposure. Here are the key coverages:
- General Liability Insurance – Covers third-party injuries, property damage, and legal costs. Essential for all contractors.
- Workers’ Compensation Insurance – Required if you have employees; covers medical expenses and lost wages for work-related injuries.
- Commercial Auto Insurance – Protects business vehicles used for work, including trucks and vans.
- Tools & Equipment Insurance – Covers theft, loss, or damage to your tools and machinery.
- Contractor’s Professional Liability – Protects against claims of negligence or errors in work performed.
- Builders Risk Insurance – Covers materials, equipment, and property under construction.
- Surety Bonds – Required for some projects, ensuring contractual obligations are met.
Need help choosing the right policy? Let me know your trade, and I’ll guide you!
How much does contractors insurance cost?
The cost of contractor insurance varies based on several factors, including your trade, coverage needs, business size, and location. Here’s a general breakdown:
- General Liability Insurance – Can be as low as $500 per year for low-risk trades but may go up to $2,500+ per year for higher-risk professions. The cost depends on the type of work you do, as some trades have a higher risk of losses than others. Business size also plays a role, with larger operations paying more for higher coverage limits.
- Workers’ Compensation Insurance – Typically $1,000 to $7,000 per year per employee, based on payroll and job risk.
- Commercial Auto Insurance – Starts around $1,200 per year per vehicle, depending on vehicle type and usage.
- Tools & Equipment Insurance – Around $300 to $1,500 per year, depending on coverage limits.
- Builders Risk Insurance – Usually 1% to 5% of the total construction project cost.
- Surety Bonds – Prices vary but can start as low as $100 annually for small projects.
To get an accurate quote, insurance companies assess your specific business risks. Let me know your trade, and I can guide you to a tailored estimate!
What happens if I don't have contractors insurance?
If you don’t have insurance as a contractor, you face significant financial and legal risks, including:
- Lawsuits & Liability – If a client or third party is injured or property is damaged, you could be personally responsible for legal and settlement costs, which can be devastating.
- Inability to Secure Jobs – Many clients, including homeowners, general contractors, and government agencies, require proof of insurance before hiring you.
- Fines & Legal Penalties – In many states, operating without required coverage (like workers’ compensation) can lead to hefty fines or even business license suspension.
- Out-of-Pocket Expenses – If your tools, equipment, or worksite are damaged or stolen, you’ll have to cover the costs yourself.
- Employee & Subcontractor Risks – Without workers’ comp, injured employees could sue you for medical expenses and lost wages.
- Higher Future Costs – If an uninsured claim occurs, it can make getting coverage later much more expensive or even impossible.
Having the right insurance protects your business, keeps you compliant, and gives clients confidence in hiring you. Need help finding coverage? I can guide you!
Can I bundle different types of contractors coverage?
Yes, you can bundle different types of contractor coverage. While we may place policies with multiple carriers, we can combine coverages within our agency to ensure you have the right protection under one streamlined plan.
Common coverages that can be bundled:
- General Liability Insurance – Covers third-party injuries and property damage.
- Workers’ Compensation Insurance – Covers employee injuries and lost wages.
- Commercial Auto Insurance – Protects business vehicles and work trucks.
- Tools & Equipment Insurance – Covers theft or damage to your tools.
- Builders Risk Insurance – Protects materials and structures under construction.
- Contractor’s Professional Liability – Covers claims of negligence or faulty work.
- Surety Bonds – Ensures compliance with contract and licensing requirements.
By bundling policies, you can often save money while ensuring all aspects of your business are covered. Let us help you customize a plan that fits your trade and budget!
How fast can I get a policy in force?
Most policies can be issued the same day! Simply click the “Get a Quote” button below, fill out a quick form, and we’ll shop multiple companies to find you the best coverage at the best price.
Need coverage even faster? Call us now for a quick quote right away!
Common Insurance Types
- Appliance & Accessories Installation
- Carpentry - Framing
- Carpentry (Interior/Workshop Only)
- Carpet Cleaning
- Cleaning
- Concrete
- Demolition
- Drywall Installation and Repair
- Electrical Work
- Excavation Work
- Floor Laying and Floor Work
- General Contractors
- Handyman
- Landscaping and Snow Removal
- Painting
- Plumbing and HVAC
- Pool Installation and Repair
- Masonry and Other Stone Work
- Remodeling
- Roofing, Siding, & Gutters
- Terrazzo, Tile, Marble, Mosaic Work
- Welding
- Wrecking and Demolition Work
- Other Special Trade Contractors