What is contractor liability insurance & how does it work?

From large construction projects to small home upgrades, contractor insurance can keep you covered as you work. What Is Contractor Liability Insurance? Contractor liability insurance can help protect your small business when something unexpected occurs. This includes protection for your business’ assets and employees.

What is a good contractor insurance policy?

A good contractor insurance policy contains several types of small business insurance that cover your business from a variety of problems. Those issues can include the cost of claims, lawsuits and damages to your business property. The coverage types you choose depend on the contractor business’ specific needs.

How much does contractor insurance cost?

Insureon reports the following median costs of insurance policies for contractors: Less than $70 per month for general liability insurance. $275 per month for workers’ compensation insurance. $150 per month for commercial auto insurance.