How much does general contractor insurance typically cost?
General contractor insurance costs vary widely based on several factors, like location, size of your business, and coverage types. On average, you might pay between $500 to $3,000 per year. Smaller contractors often see lower premiums, while those with more employees or high-risk projects pay more. It’s best to get quotes from multiple insurers to find the right coverage for your needs. Don’t forget to consider bundled policies for potential savings!