Insurance Cost for a Drywall Installation Business: Full Pricing Guide
- Nate Jones, CPCU, ARM, CLCS, AU
- 2 days ago
- 2 min read
Running a drywall installation business comes with inherent risks, from job site accidents to equipment damage. Understanding the insurance costs for drywall contractors is essential to protect your business, employees, and tools without breaking the bank.
This guide will break down the main insurance types, what affects pricing, and how to get a fast, reliable quote from Wexford Insurance.
Factors That Affect Drywall Installation Insurance Costs
Several factors influence the cost of insurance for drywall contractors, including:
Number of Employees: More staff usually means higher workers’ compensation costs.
Annual Revenue: Insurance premiums often scale with your business size.
Job Site Risk: High-risk projects or locations can increase coverage costs.
Equipment Value: Expensive tools and machinery may require higher coverage limits.
Claims History: Businesses with past claims might face higher premiums.
Understanding these factors helps you estimate costs more accurately.
Typical Insurance Coverage and Pricing
General Liability Insurance – Covers bodily injury, property damage, and legal defense.
Average cost: $400–$1,000/year for small contractors.
Workers’ Compensation Insurance – Covers employee injuries on the job.
Average cost: $2.00–$2.50 per $100 of payroll, depending on risk factors.
Commercial Auto Insurance – Protects trucks, vans, and other business vehicles.
Average cost: $1,200–$2,500/year per vehicle.
Tools and Equipment Insurance – Covers theft or damage of specialized tools.
Average cost: $300–$1,000/year, depending on equipment value.
These prices vary by state, company size, and coverage limits. For more precise cost estimates, see resources like the Insurance Information Institute.
How to Get a Fast Quote
Getting a drywall installation business insurance quote doesn’t have to be complicated. To save time and find the best pricing:
Gather your business information: number of employees, revenue, vehicles, and equipment value.
Compare quotes from multiple providers to ensure competitive pricing.
Consider bundling policies to reduce costs.
For contractors looking for quick and tailored coverage, Wexford Insurance provides personalized quotes in minutes. Our expertise in contractor insurance ensures you get the right coverage at the best price.
