What You Need to Know Before Getting a General Contractor Insurance Quote
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 23
- 2 min read
Before requesting a general contractor business insurance quote, it’s important to have a clear understanding of the information insurers need. Being prepared helps you get accurate quotes, avoid delays, and ensure your coverage matches your business’s unique risks.
Here’s a detailed guide to the information you should gather before getting a quote.
1. Business Details
Insurers need to know basic information about your business to start the quote process. Prepare:
Legal business name and type (LLC, sole proprietorship, corporation)
Years in operation
Business address and locations of job sites
Number of employees and subcontractors
Annual revenue or projected revenue
Providing accurate details helps insurers calculate premiums and tailor coverage to your business size.
2. Type of Work Performed
Insurance companies assess risk based on the type of contracting work you do. Be ready to describe:
Construction specialties (e.g., residential, commercial, remodeling, roofing)
Typical project sizes and complexity
Whether you provide design or consulting services in addition to construction
Use of heavy machinery or specialized equipment
More complex or high-risk work can affect coverage requirements and premium costs.
3. Safety Records and Past Claims
Your business’s safety history plays a significant role in determining rates. Gather:
History of workers’ compensation claims
General liability or property damage claims
Good safety practices can lower your premiums and show insurers you manage risks responsibly.
4. Vehicles and Equipment
Insurance quotes often include commercial auto and equipment coverage. Collect details such as:
List of business vehicles with year, make, model, and usage
Valuable tools and heavy machinery used on projects
Whether vehicles are owned, leased, or rented
Accurate records ensure your vehicles and equipment are properly covered.
5. Desired Coverage Levels
Before requesting a quote, have an idea of the coverage limits you need:
Optional add-ons like professional liability or builder’s risk insurance
This allows insurers to provide quotes that match your risk tolerance and budget.
Getting Your Quote with Wexford Insurance
Once you’ve gathered all this information, you can quickly request a quote from Wexford Insurance. Their online tools allow you to:
Submit your business and risk information securely
Compare multiple coverage options
Receive a fast, accurate quote tailored to your needs
Being prepared ensures you get the most accurate quote and the right coverage for your general contractor business.
