How Much Does Home Remodelling Contractor Insurance Cost Today?
- 58 minutes ago
- 2 min read
Home remodelling contractors face a wide range of risks, from property damage and job site injuries to liability claims. Understanding current insurance costs helps business owners plan budgets and ensure proper protection. A comprehensive Home Remodelling Contractor Insurance policy protects your projects, employees, and equipment, while comparing a Home Remodelling Contractor Insurance quote helps you evaluate pricing and coverage options efficiently, below is an overview of typical costs and what to expect.
Average Cost of Home Remodelling Contractor Insurance
Insurance premiums vary depending on business size, project type, location, and risk exposure, but most contractors can expect these general annual ranges:
General liability insurance: $500 to $2,500
Commercial property insurance: $1,000 to $4,500 depending on tools and office space
Workers’ compensation: $2,000 to $10,000+ based on payroll and job risk
Professional liability insurance: $600 to $2,500
Tools and equipment coverage: $300 to $1,500
Commercial auto insurance: $1,200 to $3,500 per vehicle
These ranges provide a helpful benchmark, though larger operations or businesses with prior claims may see higher premiums.
What Influences Your Insurance Costs
Several factors determine where your business falls within these ranges. Insurers evaluate your annual revenue, number of employees, types of remodelling projects, subcontractor usage, and claims history.
Higher-risk projects such as structural renovations or large-scale remodels typically result in higher premiums, while businesses with strong safety programs often receive more favourable pricing.
How to Keep Insurance Costs Manageable
Contractors can control costs by implementing workplace safety programs, maintaining tools and equipment regularly, and providing employee training. Choosing appropriate coverage limits and bundling policies with one provider may also help reduce overall premiums.
Reviewing your coverage annually ensures your policy keeps pace with business growth without paying for unnecessary protection.
Create a Cost-Effective Coverage Plan for Your Contracting Business
Wexford Insurance works with top-rated carriers specialising in home remodelling contractor insurance, helping business owners compare pricing, customise coverage, and secure protection tailored to their operations.
👉 Request your Home Remodelling Contractor Insurance quote from Wexford Insurance today to protect your projects, employees, and equipment with confidence.