Factors That Affect Masonry Contractor Business Insurance Rates
- Nate Jones, CPCU, ARM, CLCS, AU
- 6 days ago
- 2 min read
Masonry contractors often wonder why insurance rates can vary so widely from one business to another. Two companies doing similar work may receive very different quotes. The reason comes down to how insurers evaluate risk.
Understanding the factors that affect masonry contractor business insurance rates helps you prepare better applications, avoid unnecessary premium increases, and secure more competitive pricing. In this guide, we break down what insurance carriers look at — and how Wexford Insurance helps masonry businesses manage these factors.
Not all masonry work carries the same risk. Insurance carriers closely review:
Brick, block, or stone installation
Concrete or structural masonry
Restoration or tuckpointing
New construction vs. repair work
Higher-risk structural or commercial projects often lead to higher premiums due to increased exposure.
Business Size and Annual Revenue
Revenue plays a major role in pricing general liability insurance. Higher gross receipts usually mean:
More jobsite exposure
More materials handled
Increased likelihood of claims
Larger operations with higher revenue typically pay more than small, owner-operated masonry businesses.
Number of Employees and Payroll
For policies like workers’ compensation, payroll is one of the biggest cost drivers. Insurance carriers consider:
Total payroll
Job classifications
Use of laborers vs. supervisors
Safety training and injury history
Claims History and Loss Experience
Past claims strongly influence future insurance rates. Insurers look at:
Frequency of claims
Severity of losses
How recent the claims were
A clean claims history often results in lower premiums, while repeated or severe claims can raise rates significantly.
Safety Practices and Risk Management
Strong safety programs can positively impact your insurance pricing. Carriers may consider:
Written safety procedures
Use of protective equipment
Employee training programs
Location and State Regulations
Insurance rates vary by state due to:
Workers’ compensation laws
Claim frequency trends
Local labor costs
Legal environment
Some states are simply more expensive for construction insurance than others.
Vehicles, Tools, and Equipment Value
If your business uses trucks, trailers, or specialized masonry equipment, insurers factor in:
Number of vehicles
Replacement cost of tools
Storage and security measures
Higher asset values usually lead to higher premiums.
Coverage Limits and Policy Structure
Your chosen coverage structure directly impacts pricing, including:
Liability limits ($1M vs. $2M+)
Deductibles
Bundled vs. separate policies
Umbrella or excess coverage
Choosing the right limits — not necessarily the highest — can help control costs.
How Wexford Insurance Helps Control Your Rates
Working with a specialist broker can make a significant difference. Wexford Insurance helps masonry contractors by:
Accurately classifying masonry operations
Matching businesses with masonry-friendly carriers
Reviewing applications to prevent rating errors
Identifying cost-saving bundling opportunities
Advising on coverage limits that meet contract needs without overpaying
👉 Request a free masonry contractor insurance quote from Wexford Insurance and see how your rates compare.
Final Thoughts
Masonry contractor insurance rates aren’t random. They’re based on measurable risk factors — many of which you can control with proper planning, accurate reporting, and the right insurance partner.
By understanding these factors and working with Wexford Insurance, masonry contractors can secure coverage that protects their business without paying more than necessary.
