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Mar 2, 2022 · Less than $70 per month for general liability insurance. $275 per month for workers’ compensation insurance. $150 per month for commercial auto insurance. Less than $15 per month for contractors ...
Aug 31, 2021 · Data from Insureon customers indicates that contractors and construction companies pay a median premium of less than $70 per month, or $825 per year, for general liability insurance. According to ...
Apr 17, 2016 · Construction and contracting professionals pay an average of $80 per month for general liability insurance. Insurance costs for construction companies and contractors are based on a few factors, including: Type of construction and contracting services offered. Business revenue and number of employees. Where your business operates.
Contractor insurance. Start your quote. Or call 1-888-490-1549. Continue a saved quote. Contractors face unique and often dangerous risks everyday on the job. The type of contracting business you own as well as its size and location will affect the types of insurance you may need. We understand the risks contractors face and have developed ...
Jul 31, 2023 · Here are the top policies purchased by general contractors and their average monthly cost: General liability insurance: $142 per month. Business owner's policy (BOP): $121 per month. Workers' compensation: $318 per month. Commercial auto insurance: $180 per month. Contractor's tools and equipment: $14 per month.
Dec 10, 2021 · 4. Inland marine. 5. Subcontractor default insurance. 1. General liability insurance. General liability insurance protects contracting businesses from losses due to theft, accidents, vandalism, third-party injuries, and legal actions. For example, it will cover costs if a worker damages your customer’s property while working on a project.
Jan 6, 2023 · For example, the median annual cost of umbrella insurance for general contractors in Pennsylvania is $653, far less than the national median of $1,010. One exception is commercial auto insurance. General contractors in Pennsylvania pay a median annual premium of $3,238 for commercial auto insurance, more than the national median of $2,417.
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