Painters' insurance costs depend on your policy limits, your business risks, your equipment value, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.
From sign painting to paperhanging and house painting, painters pay a median premium of about $50 per month, or $600 per year, for general liability insurance. This policy offers protection against third-party injuries, third-party property damage, and advertising injuries.
Painters can often save money by bundling general liability insurance with commercial property insurance in a business owner’s policy.
Median cost per year: $600
Policy limit: $1 million per occurrence
Policy deductible: $250
The median cost of workers’ compensation insurance for painters is about $275 per month, or $3,320 annually. This policy, which is required in almost every state for businesses with employees, can help cover medical fees and lost wages for work-related injuries and illnesses.
At a median rate of less than $135 per month, or $1,600 annually, commercial auto insurance provides coverage for vehicles your painting business owns. It can help pay for property damage and medical costs in an accident. Commercial auto insurance also covers vehicle theft, weather damage, and vandalism.
Median cost per year: $1,600
Generic policy limit: $1 million
Learn more about commercial auto insurance.
Painters pay a median premium of about $15 per month, or $170 annually, for contractor’s tools and equipment coverage.
A form of inland marine insurance, this policy helps cover the repair or replacement of lost, stolen, or damaged tools and equipment.
Median cost per year: $170
Generic policy limit: $5,000
Learn more about contractor's tools and equipment coverage.
At Insureon, our construction and contracting insurance agents work with top-rated U.S. carriers to find coverage that fits your painting business, whether you operate independently or hire employees. Apply today to compare quotes from multiple carriers with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in the unique risks facing painters.