Learn about business insurance requirements and the most common policies for general contractors in Missouri.
General contractors may need different types of insurance depending on the work they do and their client contracts. These policies are the most popular for general contractors in Missouri, and often provide the best coverage for their insurance needs.
A general liability policy covers basic risks, such as a client who trips over your toolbox and suffers a bodily injury. Bundle it with commercial property for savings in a business owner's policy.
A BOP bundles commercial general liability and commercial property coverage at a discount. It's often the most cost-effective type of insurance for general contractors.
Most states require workers’ comp for general contracting businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy covers the cost of injuries and property damage in accidents involving a general contractor’s vehicle. It can also pay for repairs to vehicles damaged by weather or vandalism.
This policy helps pay for repair or replacement of a contractor’s saws, nail guns, hammers, and other tools if they're lost, stolen, or damaged.
This policy is also called errors and omissions insurance (E&O). It covers legal fees when a general contractor is sued over a mistake, such as using the wrong materials.
A bond guarantees reimbursement for the client if a general contractor fails to fulfill the terms of a contract or adhere to building codes. Common bonds include bid bonds, performance bonds, and payment bonds.
This policy covers structures in progress and materials, often paying for damage caused by fire, vandalization, and non-severe weather events.
Contractors pollution liability covers costs related to pollution, such as a lawsuit alleging harm caused from exposure to silica dust on a construction job site. It's sometimes referred to as environmental insurance.
General contractors in Missouri must carry the following insurance policies to comply with county or state laws:
Workers' compensation insurance covers medical costs and disability benefits when a Missouri worker is injured on the job or develops an occupational illness. It's a key policy for the construction industry and related professions, such as carpenters, electricians, and plumbers.
Sole proprietors may not need workers' comp for their Missouri general contractor registration or license, but it's still a good idea to carry this insurance coverage. Personal health insurance doesn't cover work-related personal injuries, so it can save you from out-of-pocket medical expenses.
Business vehicles in Missouri must be covered by commercial auto insurance.
Commercial auto insurance protects vehicles owned by your general contracting company. It covers property damage and medical bills in an accident that a personal auto policy wouldn't cover, along with vehicle theft, weather damage, and vandalism.
In Missouri, from St. Louis to Branson, general contractors are not required to carry a state-issued license, but they must be registered with the Secretary of State. While the state doesn't required licensure, the city or county in which you work will likely mandate a local-issued license.
Each city or county has its own requirements for obtaining a contractor's license, as well as different classes based on the type of work you do. It's best to check the local government page for your area to find the correct classification information and requirements.
One example is Kansas City. It has 10 license classifications:
Licensure requirements in Kansas City include:
To register your Missouri business with the Secretary of State, visit the MO.gov website.
Insureon’s industry-leading technology helps general contractors in the state of Missouri save time and money shopping for business liability insurance and property insurance. Start an online application to get free quotes from top-rated U.S. insurance companies.
To get through the application quicker, have this information ready:
A licensed insurance agent can answer your questions and help you find the right coverage to meet your business insurance needs. Small business owners can get their certificate of insurance shortly after they apply for quotes and pay for a policy.