Uncover the Ultimate Contractor Insurance Coverage Secret

Real-World Data and Statistics

According to the U.S. Bureau of Labor Statistics, the construction industry is projected to grow by 5% from 2019 to 2029, adding about 400,000 new jobs³. This growth highlights the increasing demand for contractor services and the importance of having adequate insurance coverage to protect your business as it expands.

In terms of cost, the average premium for general liability insurance for contractors can range from $500 to $1,500 annually, depending on the size and scope of your business⁴. While this might seem like a significant expense, the protection it offers against potentially devastating financial losses makes it a worthwhile investment.