Contractors insurance, shopped across 20+ carriers
A contractor insurance package is a bundle of commercial coverages — general liability, workers' compensation, commercial auto, tools & equipment, and a surety/license bond — that protects contractors, their clients, and the public against bodily injury, property damage, and financial loss from construction and trade work.
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Affordable contractors insurance in NV, AZ, UT, TX & OH
Any person or business performing construction, remodeling, repair, or specialty trade work in NV, TX, OH, UT, or AZ — both to satisfy state or local licensing and to protect against lawsuits, property damage, and jobsite injuries. Subcontractors, sole-proprietor tradespeople, and large firms alike face this exposure.
As a local broker with access to 20+ carriers, Liberty Choice does the shopping for you and brings back a competitive rate you qualify for — across all five states we’re licensed in.
At a glance
Contractors insurance at a glance
- Nevada requires proof of insurance to obtain a contractor license. The Nevada State Contractors Board (NSCB) requires general liability and workers' compensation proof as a mandatory condition of licensing; uninsured contractors risk license suspension and fines.
- General liability is required by virtually every project contract. Property owners, general contractors, and public agencies in Nevada routinely require a minimum $1,000,000 per-occurrence general liability certificate before allowing work to begin.
- Workers' comp is mandatory in Nevada for any contractor with employees. NRS 616B.612 requires Nevada employers to provide workers' comp once the first employee is hired; sole proprietors working alone are exempt but may voluntarily elect coverage.
- Construction is Nevada's largest source of workplace injury claims. Nevada OSHA data consistently shows construction as the industry sector with the highest rate of serious workplace injuries, making workers' comp and umbrella coverage especially valuable for contractors.
Source: Insureon general contractor insurance cost data (2024) — general contractors pay a median of $142/month ($1,700/year) for general liability and $318/month ($3,811/year) for workers' comp. insureon.com/construction-contracting-business-insurance/general-contractors/cost.
Coverage explained
What contractors insurance covers
The details
The parts of a contractors policy
| Coverage | What it covers | Typically |
|---|---|---|
| Commercial General Liability (CGL) | Third-party bodily injury and property damage caused by your crew or operations on any jobsite | Required |
| Products and Completed Operations | Claims for faulty workmanship or structural damage discovered after the job is accepted and you have left the site | Recommended |
| Workers Compensation | Medical bills and lost wages for employees injured on the job; required in all five states once you have employees | Required |
| Commercial Auto | Liability and physical damage for trucks and vans driven to jobsites | Recommended |
| Hired and Non-Owned Auto | Liability when employees drive personal or rented vehicles on company business | Recommended |
| Tools and Equipment (Inland Marine) | Hand tools, power tools, and portable equipment against theft, damage, or loss anywhere on or off a jobsite | Recommended |
| Surety and License Bond | Financial guarantee to the state and project owner that you will perform licensed work as promised and comply with licensing laws | Required |
| Umbrella and Excess Liability | Additional limits above the CGL and auto policies for catastrophic injury or large property-damage claims | Recommended |
| Commercial Property | Physical damage to your shop, yard, office, or stored inventory not covered by the tools floater | Optional |
Requirements vary by state — your Liberty Choice agent confirms exactly what NV, AZ, UT, TX or OH requires.
How does contractors insurance work?
General contractor insurance works by layering coverages that match the different risk moments in a project: CGL pays third-party claims if your crew damages a client's property or a bystander is injured on your jobsite; completed operations picks up claims that surface after you hand the project over; workers' comp covers your employees if they are hurt swinging a hammer or running a saw; and a surety bond gives the project owner a financial guarantee you will finish the job and comply with licensing rules. Because no single policy covers everything, most contractors carry at least a CGL, workers' comp, commercial auto, and a tools floater, then add an umbrella for larger projects where a single lawsuit could exceed underlying limits.
Pricing
What does contractors insurance cost?
Contractor insurance costs vary significantly by trade, number of employees, and payroll. These are typical ranges for small contractors.
| Coverage | Typical annual range (small contractor) |
|---|---|
| General liability ($1M/$2M) | ~$1,000–$3,500 |
| Workers' comp (varies by class code) | ~$2,000–$8,000 per $100K payroll |
| Commercial auto (1–2 vehicles) | ~$1,200–$2,500 |
| Tools & equipment floater | ~$300–$800 |
Typical ranges per Insureon general contractor cost data and NCCI workers' comp rate filings (2024). General contractors pay a median of $142/month for GL and $318/month for workers' comp; commercial auto averages $180/month ($2,157/year). Actual premiums depend on trade type, employee count, payroll, loss history, and state classification codes.
Source: Insureon general contractor insurance cost data (2024) — insureon.com/construction-contracting-business-insurance/general-contractors/cost; NCCI workers' compensation rate filings (2024), ncci.com.
Beyond the basics
Optional & additional coverage
Ask your agent about these add-ons for extra peace of mind:
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Ways to save on contractors insurance
- Maintain a strong safety program and OSHA compliance record. Contractors with documented safety programs and low experience modification ratios (EMRs) pay significantly less for workers' comp and general liability.
- Bundle general liability, commercial auto, and tools coverage. Many specialty contractor programs combine multiple lines in one package at a lower combined premium than purchasing policies separately.
- Pay workers' comp audit accurately. Workers' comp premiums are based on payroll; accurate classification of employees and subcontractors prevents over-payment and avoids audit surcharges.
- Require subcontractors to carry their own insurance. When subcontractors maintain their own CGL and workers' comp and name the GC as additional insured, it reduces the GC's exposure and can lower their premium.
- Raise tools and equipment deductibles. A higher deductible on the tools and equipment floater reduces premium; most small contractors set $500–$1,000 per occurrence.
- Keep a claims-free history. A low EMR and no general liability claims history translates directly to lower renewal premiums across all contractor coverages.
Source: Insureon contractor insurance cost data (2024) — EMR and safety program discounts are standard underwriting factors across contractor programs. insureon.com/construction-contracting-business-insurance/general-contractors/cost.
Industries we cover
Contractors we insure
Questions
Contractors insurance FAQ
Why do I need both a license bond AND general liability insurance?
Do I need workers' comp if I work alone?
Does a general contractor's policy cover subcontractors?
How much does contractor insurance cost in Nevada?
Do I need contractor insurance if I work as a subcontractor under a licensed GC?
What is a surety bond and is it the same as contractor insurance?
Does general liability cover damage to the property I am working on?
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