General Liability Insurance for Contractors (2024)

General Liability Insurance for Contractors and Construction

General liability insurance for contractors and construction businesses helps protect your business from claims that it caused bodily injuries or damage to someone else’s property. Without general liability insurance, or business liability insurance, business owners would have to pay out of pocket for certain liability claims.

• Contractors
• Carpenters
• Plumbers
• Handymen
• Electrical contractors
• Masons
• Security companies
• Homebuilders
• Developers
• Home renovation
• Independent contractors

General Liability Insurance Cost for Contractors

General liability insurance costsvary. That’s because every business is unique. Insurance companies look at different factors when determining general liability insurance costs. This can include:

• The type of business you own. Contracting businesses may face more risk compared to other businesses. So, your rate may be higher.
• Experience can affect your general liability insurance cost depending on how long you’ve been in operation.
• Number of employees because the more workers you have, the higher the risk level.
• Location because areas with higher crime rates can cause your costs to increase.
• Policy details, like coverage limits and deductibles. More coverage and a lower deductible can increase rates.
• Claims history since clean histories can result in lower costs.

Why Contractors Want Good General Liability Insurance

Mistakes and the unexpected can happen at any time. That’s why it’s important to partner with an insurance company you can trust. We have over 200 years of experience and have insured many construction businesses and projects, like the Hoover Dam and Golden Gate Bridge. Whether you have questions on coverage or need help with a claim, we’ve got your back.

Additional Liability Insurance Coverage for Contractors

A general liability insurance policy is just one part of contractor insurance. You’ll likely want to consider getting other types of small business insurance to have well-rounded coverage. Some types of coverage you can get include:

Commercial property insuranceto help protect the owned or rented building and equipment you use to operate. This includes your:

• Computers
• Tablets
• Tools
• Power equipment
• Heavy equipment

Business income insuranceto help cover lost income if you can’t operate because of covered property damage.

Data breach insurance to help you respond to a breach if personally identifiable information gets lost or stolen. Some insurers call this coverage cyber insurance.

Workers’ compensation insurancehelps your employees if they have a work-related injury or illness. Also known as workers’ comp, this coverage can help pay for an employee’s medical expenses. It gives them benefits to help recover and return to work.

Get General Liability Insurance for Construction

Have questions about general liability insurance for construction businesses? We're here to help. Our specialists can tell you about the types of business insurancecoverage that we offer. If you have questions about getting a certificate of insurance, adding an additional insured or need help with a claim, we’ve got your back. Get a general liability insurance quotetoday.