Contractor Insurance Cost Calculator

Get a ballpark estimate for your trade and state in 30 seconds. No signup required. For your exact cost, we'll need to review your specific details — but this is a great place to start.

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Select your trade and business details above and we'll calculate your estimated insurance cost instantly. No signup required — just real numbers based on thousands of contractor quotes.

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Your Estimate vs. Your Real Cost

The ranges above are based on typical rates we see across thousands of contractor quotes. But your actual premium depends on factors a calculator can't capture — your claims history, your specific contract requirements, your experience modification rate, and which carriers are most competitive for your exact risk profile. That's why we review every quote on video. You'll see exactly what you're getting, what's excluded, and why we're recommending it — before you commit to anything.

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How It Works

How Contractor Insurance Costs Are Calculated

Your contractor insurance premium isn't a random number — it's built from a handful of measurable risk factors that every underwriter evaluates. The starting point is your trade classification code. Each trade is assigned a class code by the National Council on Compensation Insurance (NCCI) or your state rating bureau that reflects the statistical risk of injuries and claims for that type of work. Roofers, demolition contractors, and structural steel workers carry the highest codes. Painters, landscapers, and office-based operations carry the lowest.

Payroll and revenue are the next major drivers. Workers' compensation is rated directly off your payroll — the more you pay employees, the higher your premium. General liability scales with your annual revenue because more revenue means more jobs, more exposure, and more potential for third-party claims. This is why growing businesses need to update their coverage annually — an outdated revenue estimate can trigger a costly audit adjustment at the end of your policy term.

Claims history has one of the largest impacts on your rate. Carriers pull your loss runs going back three to five years. A clean record earns you the best pricing, while even one or two claims can push your premium 20–40% higher until those losses age off. This is also why safety programs, documented training, and OSHA compliance matter — they don't just reduce injuries, they directly reduce what you pay for insurance.

Finally, your state and coverage limits round out the equation. States like California and New Jersey have higher litigation rates, stricter regulations, and more expensive labor markets — all of which push premiums up. Meanwhile, the coverage limits you select also matter: most GCs require at least $1M/$2M in GL limits, but bumping to $2M/$4M typically adds only 15–25% to your premium. The most effective way to find your best rate is to shop across multiple carriers — we regularly see quotes vary by 40–60% between companies for the exact same contractor.

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COI Requirements Checklist for Contractors

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Common Questions

Frequently Asked Questions

Most contractors pay between $200 and $800 per month for a complete GL and workers' comp package. Monthly costs depend on your trade, payroll, claims history, and state. Roofers and concrete contractors typically pay the most, while painters and landscapers pay the least. Many carriers offer monthly payment plans with a small down payment.

Workers' comp premiums are based on your payroll and trade classification code. High-risk trades like roofing, demolition, and structural steel carry higher class codes because the frequency and severity of injuries are greater. A roofer might pay $15–$30 per $100 of payroll, while an electrician pays $5–$10. Keeping a clean claims history is the most effective way to reduce your workers' comp costs over time.

Yes. Solo contractors typically need general liability at minimum, which covers third-party bodily injury and property damage from your work. Many states don't require workers' comp for sole proprietors, but some GCs and property managers require it before letting you on-site. A solo contractor GL policy usually runs $600–$1,500 per year depending on trade.

The five biggest factors are: (1) your trade classification — roofers pay 3–5x more than painters, (2) annual payroll — workers' comp is rated directly off payroll, (3) claims history — clean loss runs get the best rates, (4) your state — California and New Jersey cost more than Texas or Idaho, and (5) coverage limits — $1M/$2M GL is standard but higher limits are available for 15–25% more.

Shop multiple carriers — we compare 30+ A-rated companies on every submission and regularly see 40–60% price differences for the same contractor. Other ways to save: pay annually instead of monthly (5–10% discount), bundle policies into a BOP, maintain a clean safety record, and make sure your payroll and revenue estimates are accurate. Overstating either one inflates your premium unnecessarily.

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We are licensed and writing contractor insurance in 29 states. Find your state to see local requirements and get a quote.

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