Coverage Guide
Contractor Insurance Coverage Guide
Essential coverage for contractors and trades
Coverage Types
General Liability (GL)Required
Third-party injury/property damage
$1,500
Avg Annual
Workers CompensationRequired
Employee injury coverage
$3,500
Avg Annual
Commercial Auto
Work vehicles
$2,000
Avg Annual
Tools & Equipment
Protects tools/machinery
$500
Avg Annual
Builder's Risk
Project under construction
$1,200
Avg Annual
Umbrella/Excess
Additional liability limits
$800
Avg Annual
Minimum Coverage Recommendations
Small Contractor
Under $250K revenue, 1-3 employees
- GL: $1M per occurrence
- Workers Comp (if employees)
- Tools & Equipment
Large Contractor
Over $1M revenue, 10+ employees
- GL: $2M aggregate
- Workers Comp + Umbrella
- Commercial Auto
- Builder's Risk