Contractor Insurance Cost
Pick a coverage to see the published general-contractor figure, type a quote to compare, and tick coverages to add up a yearly budget.
How to use the contractor insurance cost tool
- Under “Coverage”, pick the row of the published table you want to compare, such as General liability or Workers’ compensation.
- Read “Published figure”, which shows that row per month and per year.
- Read “What the figure covers” for the limits and deductible, shown only where the source states them.
- Type a number in “Your quote (optional)” and set “Quote is per” to month or year to match how the quote is written.
- Read “Your quote against it”, which shows how far the quote is above or below the published figure.
- Open “More options” if you want more results.
- Enter “Annual revenue (optional)” or “Employees (optional)” to see the budget as a share of revenue and as an amount per employee.
- Under “More options”, tick “Add to budget” for each coverage you want counted and read “Budget from the published figures”.
- Read “Where the figure comes from” to see the source and date.
- Treat every result as an estimate only, and get actual quotes from a licensed insurer or agent.
All calculations run in your browser, so nothing you type is uploaded. If a quote looks very far from the published figure, the tool shows a warning asking you to check the period (month or year) and the limits the quote includes. The table below the results lists every published row, marking where only one of the two periods was published and the other was worked out from the first.
How are the published contractor insurance cost figures worked out?
The figures come from Insureon’s general contractor insurance cost page, updated 31 July 2026. Insureon states that they are the median cost of policies for contractors who applied for quotes through Insureon, and it also labels them averages. This page calls them published medians. They describe small general-contracting businesses, most with fewer than five employees, annual revenue of about $50,000 to over $200,000, and five years or less in business. The general liability figure shown is $162 per month, taken from the page opened on 15 October 2026. Search-result text for an earlier version of an Insureon contractor page gave $142 per month, so check the date when you compare numbers.
How does the tool compare a quote with a published figure?
The result compares your yearly quote with the published yearly figure for the coverage you chose and states the gap as a percentage, above or below. A quote typed per month is multiplied by 12 first. If you enter annual revenue, the tool shows the ticked budget as a share of revenue. If you enter a number of employees, it shows the budget amount per employee. These are arithmetic results on the numbers you enter, not a judgement about whether a quote is right for your business.
Why isn’t a bundle priced by adding the coverage figures together?
Each coverage has its own published median, so adding several of them together gives a total of separate medians. A sum of separate medians is not the price of a bundle. The “More options” budget lets you choose which coverages to add, so you can see the separate figures side by side. It does not produce a bundle price.
Which factors does Insureon list as affecting contractor insurance cost?
Insureon lists the services offered and their risk. It says electrical, roofing and steel work cost more than welding or carpentry. Other factors it names are commercial versus residential work, business size, subcontractors, revenue and payroll, equipment value, years of experience, location, coverage limits and deductibles, and claims history. The tool does not weigh these factors itself. They are listed so you can compare your own work with the group the published figures describe.
Sources (checked 15 October 2026): insureon.com
Worked examples
| Input | Result |
|---|---|
| General liability | 2 coverage(s) added up from the published medians: $358 a month, $4,298 a year |
| General liability, quote $205 per month | Your quote of $205 a month ($2,460 a year) is 26.2% above the published median of $162 a month. |
| Workers' compensation, revenue $120,000 | 2 coverage(s) added up from the published medians: $358 a month, $4,298 a year |
| General liability, revenue $150,000 | 2 coverage(s) added up from the published medians: $358 a month, $4,298 a year |
Calculated by the tool above; open it with the same values to see each step.
How this tool works and where the numbers come from
The page shows published medians from one source, Insureon’s general contractor cost page, and adds no estimate of its own. Your quote is converted to a yearly amount (monthly x 12) and compared with the published yearly figure as a percentage above or below; the optional budget adds the published medians of the coverages you tick, and share of revenue and amount per employee are that yearly total divided by the revenue or headcount you type.
Sources
Frequently asked questions
Is the contractor insurance cost on this page a quote?
No. Every figure is a published median from Insureon, and the page gives no quote and adds no estimate of its own. To get a price for your business, ask a licensed insurer or agent.
Why do some coverages show limits and others do not?
The tool shows limits only where the source states them. General liability shows $1M per occurrence and $2M aggregate with a $500 deductible. Professional liability shows $1M per occurrence and $1M aggregate with a $1,000 deductible. Where the source gives no limits for a row, none are shown.
Does this tool show construction insurance cost for every trade?
No. The figures are for general contractors from one source, and the page does not cover every type of construction work. For a service-specific comparison, check the factors listed above and the other pages linked below.
Can I see a state-by-state figure?
Insureon’s page has a table of monthly figures for general liability, workers’ compensation and commercial auto in ten states. That table is not copied into this tool, so use the source page for those states.
Is my information sent anywhere?
No. Calculations run in your browser, nothing is uploaded, and there is no sign-up. The page does not ask for contact details, sell leads or refer you to insurers.
Why is my result only an estimate?
The result compares your quote with a median for a specific group of small businesses. Your own costs depend on details the tool does not know, such as your services, claims history and coverage limits. The result is an estimate only.
How much is contractor insurance?
In Insureon’s general contractor figures on this page, general liability is a median of $162 a month ($1,950 a year), workers’ compensation $196 ($2,348), a business owner’s policy $125 ($1,503) and commercial auto $287 ($3,444). These are published medians, not a quote; how much contractor insurance costs you depends on your trade, payroll and limits.
Related tools
- Insurance cost by trade: the hub listing every trade page with published figures.
- Business insurance costs: the hub for coverage-type pages such as general liability and workers’ comp.
- Electrician insurance cost: use it if you want a page on electrical work, a service the source says costs more than welding or carpentry.
- Cleaning business insurance cost: use it if your business is a cleaning service rather than a contractor.
- Auto repair shop insurance cost: use it if you are comparing costs for a repair shop.
- Food truck insurance cost: use it if you run a mobile food business.
- Daycare insurance cost: use it if you are comparing costs for childcare.
- Hair salon insurance cost: use it if you run a hair salon.