Insurance for Construction Companies and Contractors

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What kind of work do you do?
Construction employees and contractors at a table reviewing plans.
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Every customer has a story to tell

Meet Nathaniel Muhammad, a general contractor and small business owner born and raised in Chicago.

Learn about how he started his business, the passion that drove him to pursue his dream, and how Insureon has helped him protect it with the right policies.

Recommended insurance policies for construction businesses and contractors

Insurance can help your business recover from lawsuits, injuries, and theft. Meet your state's requirements and find peace of mind with the right insurance for construction companies and contractors.

General liability insurance icon

General liability insurance

This policy covers basic risks for construction companies and contractors, such as damage to client property. Bundle it with property insurance for savings in a business owner’s policy.

  • Slip-and-fall accidents
  • Damaged customer property
  • Product liability insurance
Workers’ compensation insurance icon

Workers’ compensation insurance

Most states require workers' comp for construction companies that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

  • Employee medical expenses
  • Missed wages during recovery
  • Lawsuits over work injuries
Commercial auto insurance icon

Commercial auto insurance

This policy for construction businesses and contractors can pay for property damage and medical bills in an accident. It can also cover vehicle theft, weather damage, and vandalism.

  • Car accidents
  • Vandalism and theft
  • Weather damage
Contractor’s tools and equipment coverage icon

Contractor’s tools and equipment insurance

This policy helps pay for repair or replacement of a construction or contracting professional’s tools and equipment if they are lost, stolen, or damaged.

  • Equipment less than five years old
  • Mobile equipment 
  • Small tools
Professional liability insurance icon

Professional liability insurance

Professional liability insurance for contractors, also called errors and omissions insurance (E&O), covers legal expenses when a construction error leads to a lawsuit.

  • Accusations of negligence
  • Failure to complete construction
  • Failure to use promised materials
Surety bond icon

Surety bonds

A surety bond is an agreement between a contractor, a client, and an insurance company. It guarantees the insurer will reimburse the client if the contractor fails to fulfill the terms of their contract.

  • Project delays
  • Loss of key staff
  • Failure to obtain materials
Looking for different coverage? See more policies.

How much does insurance cost for construction businesses?

Man in construction vest and helmet calculating insurance costs.

Several factors will have an impact on contractor insurance costs, including:

  • Construction and contracting services
  • Business equipment and property
  • Revenue
  • Location
  • Number of employees
View Costs
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