Contractors Insurance WI

What is contractor’s insurance?

Contractors insurance is general liability insurance.  It is normally the first type of coverage or policy you should purchase for your Wisconsin business.   Contractors insurance covers bodily injury and property damage claims from a 3rd party.  There are different limits of coverage available, $300,000/$600,000, $500,000/$1,000,000 or $1,000,000/$2,000,000.  The $1,000,000/$2,000,000 option is the most popular, recommended and is required by most general contractors. There can be a property damage deductible, meaning you would pay the first $500, $1,000 or $2,500 if you were to damage something other than what you are working on.  General liability insurance generally covers your premises, products, operations and completed operation.  Feel free to click here for a more detailed definition:

How much does contractor’s insurance cost?

Our independent insurance agency and advisors believe that shopping multiple insurance companies and working with an experienced contractor’s insurance agent is key to finding affordable rates.  Contractors in Wisconsin might expect to pay $482 to $1,200 per year for a start up with one active owner.  An example of a non-active owner would be a person that is doing accounting and general office work.

The general liability insurance is rated on payroll.  A set rate is applied to each active owner ($30,800 is very common) and then employee payroll is factored in.  So, if you have one owner and two employees paid $45,000 each, that’s $30,800 + 45,000 + 45,000 = $120,800.  Having a good claims history (often referred to as loss runs), having years of experience in the contracting business and size of your operations can have a positive effect.

Lastly, contractor’s insurance is rated based on what you do.  If you are a plumber it is one rate, and a electrician another.  Common contractors we insure are plumbers, electricians, HVAC contractors, carpenters, remodelers, roofers, floor covering installers, painters, tilers, handymen, home builders, general contractors, drywall contractors, cable installers and many more.

 Let us compare your Wisconsin contractor’s insurance and help you choose wisely. 

We help protect your contracting business.  We start by shopping multiple Wisconsin insurance companies to find you the best protection, price & claims service.  We prefer the words low cost over cheap.  Cheap just sounds like, cheap and many times can be with exclusions & missing coverages. Let us bring multiple options to the table we give you a choice.  Helping you customize a contracting business insurance program that is not only cost effective, but right for your growing Wisconsin business.

 Contact Us for a Quote

Let’s discuss your Wisconsin contractor’s insurance needs.  Please tell us about your contracting business, I’m sure we can help.  You know the contracting business and we know Wisconsin contractor insurance.  Read our BIO, then simply pick up the phone or complete our quick quote form.