Insurance for Construction Companies and Contractors

Compare multiple quotes from top providers with one application.
What kind of work do you do?
Construction employees and contractors at a table reviewing plans.
We partner with trusted A-rated insurance companies
Logos of Insureon's business insurance carrier partners

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.

View video transcript.

There's a picture that they share on social media like where it says, "The road to success". and it's a torn-up road. There's no shortcuts. It's all about falling and getting back up and falling and getting back up 'til you fall again. We like to take big projects. This project is target time of 90 days. We're skim coating the walls, new furnace and AC on each unit, new electrical. We're gonna sand and stain and polyurethane the floors. New doors, new windows, new bathrooms, new kitchen, gonna look real beautiful. I'm Nathaniel Muhammad. I'm a Licensed General Contractor and my company is called Home Revolution, Inc. I'm born and raised on the South Side. I live on near 93rd and Jeffrey. I started my business in 1995. I was 21 and I was hearing about the real estate and how you need to flip it. So I bought the ugliest house that I could, that was imaginable. And my father was so mad at me. I learned what I needed to learn. I started working for several construction companies and I've been doing it ever since. I've had a policy with Insureon since 2018. And I've been rolling with you guys ever since. Anything I needed, they were there fast. I still get offers from other insurance companies. And if I'm happy, who I'm with right now, then that's who I'm going to stay with. You got to get insurance because you never know what happens. All of the customers you run into are not necessarily agreeable. And so some jobs you have to walk away from when you know you, you feel that they're being unfair with and try and get free work and not thinking they're not going to pay. So we had to walk away from a job on 82nd street and the customer filed a claim with Insureon. But after Insureon examined everything, both sides, listened to both sides, they denied their claim. So I appreciated that. I love what I do. When I first started it, I couldn't see that I would be here now at all. Knowing the trades and having learned everything. I just said, I could work for myself and I didn't want to work a nine to five for the rest of my life. I wanted to be a business and for myself and the staff as well. Never give up, work hard, believe that you're gonna make it. And you will.

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
Business owner’s policy icon

Business owner's policy

A business owner's policy, or BOP, bundles general liability coverage and commercial property insurance at a discount. It protects against common lawsuits and property damage.

  • Accidents that injure clients
  • Client property damage
  • Stolen or damaged business property
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
Looking for different coverage? See more policies.

Does my construction business need commercial auto insurance?

A painting company's trucks with ladders on the roof.

Construction businesses and contractors that purchase commercial auto insurance often:

  • Have a vehicle titled to their business
  • Drive to and from worksites
  • Carry tools, equipment, or products used for work
  • Transport clients or employees
  • Rely on delivery drivers or couriers

Check the laws in your state to see when coverage is required.

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
  • Type of insurance, such as builder's risk insurance or surety bond
View Costs
What our customers are saying
Carousel prev arrow
"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
Carousel next arrow
Insureon customer reviews on Feefo
Compare construction business insurance quotes
Save money by comparing insurance quotes from multiple carriers.