Paving Contractors Insurance
Why do pavers need business insurance?
Whether you work on roads, driveways, or parking lots, paving is one of the most dangerous professions in the United States. Paving contractor business insurance provides essential protection for heavy equipment accidents, asphalt injuries, client lawsuits, and other costly incidents.
One application, multiple quotes
Insureon helps paving contractors compare quotes for business insurance coverage from top U.S. carriers.
Get several quotes with our easy online application.
What types of insurance do paving contractors need?
These insurance policies cover the most common risks of paving.
General liability insurance
A general liability policy covers accidental road paving damage and other third-party risks. Bundle with commercial property insurance for savings in a business owner’s policy (BOP).
- Slip-and-fall accidents
- Damaged customer property
- Product liability insurance
Business owner's policy
A BOP bundles general liability coverage and commercial property insurance at a discount. It's often the most cost-effective type of insurance for paving contractors.
- Accidents that injure clients
- Client property damage
- Damage to your building or its contents
Workers’ compensation insurance
Most states require workers' comp for paving businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Employee injury lawsuits
Commercial auto insurance
This policy covers bodily injuries and property damage from accidents involving your paving company's vehicle. Each state has its own requirements for auto liability coverage.
- Physical damage caused by a vehicle
- Injuries caused to another person
- Vehicle vandalism and theft
Contractor’s tools and equipment insurance
This policy helps pay for repair or replacement of a paving contractor’s equipment and tools. It's a type of inland marine insurance.
- Equipment less than five years old
- Equipment that travels to job sites
- Small tools
Professional liability insurance
Professional liability insurance covers legal costs when a paving contractor makes an error or fails to deliver contracted services. It's also called errors and omissions insurance (E&O).
- Incomplete work
- Paving errors and oversights
- Professional negligence
How much does insurance for paving companies cost?
A paving business with only a few workers will pay less for insurance than a larger company.
Average paving contractor insurance costs include:
- General liability: $97 per month
- Tools and equipment: $42 per month
- Workers' comp: $312 per month
Factors that affect premiums include:
- Contracting services offered, such as residential or commercial paving
- Business property and equipment
- Business income
- Types of coverage purchased
- Policy limits and deductibles
How do I get paving contractor insurance?
It's easy to get paving business insurance if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance (COI) with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Our licensed insurance agents work with top-rated U.S. carriers to find the most affordable coverage that fits your paving business, whether you work as a contractor, subcontractor, or employer.
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