Contractors gain peace with unbeatable liability insurance secrets

Cost Considerations and Savings Opportunities

The cost of contractor liability insurance varies based on several factors, including the size of your business, the types of projects you undertake, and your location. On average, small businesses pay between $400 and $1,500 annually for general liability insurance2. However, there are ways to save on premiums:

  • Bundling Policies: Many insurers offer discounts if you purchase multiple types of coverage from them.
  • Risk Management Practices: Implementing safety programs can reduce your risk profile and lower premiums.
  • Shopping Around: Comparing quotes from different insurers can help you find the best deal.
  • Taking advantage of these strategies can lead to significant cost savings, making liability insurance more affordable.

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