Business Insurance for Concrete Contractors
Concrete Contractor
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How much does concrete contractor insurance cost?

Concrete contractors can save money on business insurance by comparing quotes from different providers with Insureon. Your premium depends on the type of insurance, coverage limits, deductibles, and factors such as your business's location and number of employees.

Top concrete contractor insurance policies and their cost

Here are the top concrete business insurance policies and their average monthly cost:

Our figures are sourced from the median cost of policies for concrete contractors who apply for quotes with Insureon. The median offers a better estimate of what your business is likely to pay because it excludes outlier high and low premiums.

General liability insurance icon

General liability insurance

Concrete contractors and businesses pay an average of $102 per month, or $1,218 per year, for general liability insurance. You may need proof of insurance for this policy to sign a commercial lease or a client contract.

A general liability policy can pay for medical expenses from accidents, such as a customer who slips in wet concrete and breaks an ankle. It can also cover costs if someone sues your business over a bodily injury, property damage, or advertising injury.

This is the average policy for concrete contractors who buy from Insureon:

Premium: $102 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $500

The cost of a general liability insurance policy depends on factors such as the coverage limits you choose, the size of your business, the amount of foot traffic, and any subcontractors or additional insured endorsements. Learn more about how your premium is calculated.

Business owner’s policy icon

Business owner's policy

Construction businesses and contractors pay an average of $98 per month for a business owner's policy, or $1,173 annually. Only small, low-risk businesses are eligible for a BOP.

A business owner's policy bundles two important types of coverage at a discount. It includes general liability coverage to protect against common lawsuits, and commercial property insurance to cover theft, vandalism, and damaged business property.

This is the average business owner's policy for a concrete contractor who buys from Insureon:

Premium: $98 per month
Policy limits: $1 million per occurrence; $2 million aggregate

The cost of a business owner's policy depends on factors such as the insurance options you choose, the size of your business, the amount of foot traffic, and the value of your business property.

Workers’ compensation insurance icon

Workers’ compensation insurance

Concrete contracting businesses pay an average of $286 per month for workers’ compensation insurance, or $3,433 annually.

Workers' comp helps pay for medical costs from work-related injuries and illnesses, such as a concrete burn or respiratory problems. Most policies include employer's liability insurance, which covers the cost of lawsuits related to workplace injuries.

There's usually no limit to how much a workers' comp policy can pay for employee benefits, though it depends on state laws.

The cost of workers' compensation insurance depends on factors such as the number of employees and the type of work they do. Learn more about how workers' comp costs are calculated.

Commercial auto insurance icon

Commercial auto insurance

Businesses and contractors that do residential and commercial concrete work pay an average of $207 per month, or $2,489 per year, for commercial auto insurance.

Most states require this coverage for vehicles owned by a concrete company. For personal, rented, and leased vehicles used for business purposes, look to hired and non-owned auto insurance (HNOA) instead.

Commercial auto insurance covers financial losses in the event of an accident involving your business vehicle. It can help pay for property damage, medical payments, and legal costs. When buying a policy, you'll need to make sure your coverage limits match the requirements in your state.

The cost of a commercial auto policy depends on the coverage options you choose, the value of the vehicle, and your insurance claims history. Learn how insurers calculate your premium.

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Contractor’s tools and equipment coverage icon

Contractor’s tools and equipment insurance

Concrete businesses pay an average of $42 per month for contractor’s tools and equipment insurance, or $500 annually.

A form of inland marine insurance, this policy covers your property whether it’s in your office, in transit, or at a job site. It can pay for lost, stolen, or damaged tools and equipment valued at $10,000 or less, such as mixers, wheelbarrows, trowels, edgers, and groovers.

The cost of contractor's tools and equipment coverage depends on the value of your tools and equipment and the type of work you do.

Professional liability insurance icon

Professional liability insurance

Construction businesses and contractors pay an average of $74 per month, or $886 per year, for professional liability insurance. Concrete contractors can often bundle this policy with general liability insurance for a discount, at an average rate of $112 monthly.

This contractor's liability insurance covers legal fees related to professional negligence, such as uneven surfaces or project delays. It's sometimes referred to as errors and omissions insurance (E&O).

This is the average insurance coverage for contractors who buy from Insureon:

Premium: $74 per month
Policy limits: $1 million per occurrence; $1 million aggregate
Deductible: $1,250

The cost of professional liability insurance depends on factors such as the coverage limits you choose, the size of your business, and your profession. Find out how insurers set professional liability premiums.

Umbrella / excess liability insurance icon

Commercial umbrella insurance

Concrete contractor businesses pay an average of $131 per month, or $1,566 annually, for commercial umbrella insurance. This policy can boost the limits of your general liability, commercial auto, or employer's liability insurance.

When the underlying policy reaches its limit, commercial umbrella insurance activates to cover any costs over that limit, up to the additional limit of your umbrella policy.

The cost of commercial umbrella insurance depends primarily on the amount of coverage you purchase.

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Builder's risk insurance

Businesses in the construction industry pay an average of $105 per month, or $1,259 annually, for builder's risk insurance. This policy is sometimes called course of construction insurance.

Builder's risk insurance provides coverage for structures under construction. It will help pay for fires, vandalism, and other types of damage.

The cost of builder's risk insurance depends on the value of the structure, including materials and labor.

Surety bond icon

Surety bonds

Concrete contractors and businesses pay an average of $8 per month, or $100 per year, for a surety bond.

A surety bond reimburses your client if you're unable to fulfill the terms of a contract or other agreement. You may need a surety bond to get a license for certain types of work.

The cost of a surety bond primarily depends on the size of the bond.

How do concrete contractors get insurance?

Insureon can help you find affordable concrete business insurance coverage in three easy steps:

  1. Fill out a free online application with details about your business.
  2. Compare custom quotes from top-rated U.S. insurance carriers.
  3. Select a policy and pay the premium to begin coverage.

You can consult a licensed insurance agent for questions about your risks and state insurance requirements. Once you've bought a policy, you can download a certificate of insurance for proof of coverage. Most small business owners can get insured within 24 hours of applying for quotes.

Updated: August 14, 2023
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