How Much Can I Expect To Pay For General Contractor Business Insurance?

If you’re a contractor, then you should be aware that you are 100% liable for the actions of your workers while they’re working on a contract. This means that if one of your employees gets injured while they’re doing work, they can file a lawsuit against you.

If your worker accidentally or intentionally damages your property, then you are liable for their damages. It would be very costly to defend these claims. For some contractors, the cost of defending these claims would force them to close their business.

Even though you are liable for the actions of your workers, you should still be able to protect yourself from these claims by following the insurance requirements of Florida’s construction industry.

The cost of insurance varies depending on various factors, such as your type of work and the location of your business. For instance, a construction business can expect to pay around $70 a month for general liability insurance, while a contractor can expect to pay around $825 annually.

The size of your business can affect the cost of general liability insurance. For instance, a construction business might pay less than $600 annually. On the other hand, a contractor might pay up to $1,200 annually.

To learn more about insurance policy cost and providers in Florida, we recommend Googling and reading reviews online.

Starting your own busines does require a lot of thought and planning.  If you are thinking of getting into this industry, we can help you get your Florida contractor license. We are a contractor licensing company, who has helped thousands of contractors get their contractor license.

We will complete the license application for you, and will mail it off to the Construction Licensing Board on your behalf to get you approved.

To get your contractor license, click our contractor license in FL page to get started with us or call 239-777-1028.