How much does insurance cost for property preservationists?

Property preservation companies pay a median premium of less than $70 per month, or $830 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries.

Property preservationists can often save money by purchasing a business owner’s policy, which bundles general liability insurance with commercial property insurance at a discounted rate. It protects your business property along with covering common third-party risks.

Median cost per year: $830
Policy limit: $1 million per occurrence
Deductible: $1,000

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

The median premium for property preservation workers’ compensation insurance is less than $140 per month, or $1,645 annually. This policy, which is required in almost every state for businesses that have employees, can help cover medical fees and lost wages for work-related injuries and illnesses. 

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

At a median premium of about $15 per month, or $170 annually, commercial auto insurance provides coverage for vehicles your property preservation business owns. It can help pay for property damage and medical costs in an accident, along with vehicle theft, weather damage, and vandalism.

Median cost per year: $170
Policy limit: $1 million 

Learn how coverage limits and other factors affect the cost of this policy on Insureon's commercial auto insurance cost analysis page.

Property preservationists 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
Policy limit: $5,000 

Learn which coverage limits to choose and more on Insureon's contractor's tools and equipment insurance cost analysis page.

Construction businesses and contractors pay a median of about $85 per month, or $1,000 per year, for professional liability insurance. This policy protects property preservationists against lawsuits alleging unsatisfactory, late, or incomplete work. It's also called errors and omissions insurance (E&O).

Median cost per year: $1,000
Policy limit: $1 million per occurrence

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.