How Much Does Insurance Cost for an Epoxy Flooring Installation Business?
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 days ago
- 2 min read
If you own an epoxy flooring installation business, understanding insurance costs is critical. Proper coverage protects your company from accidents, property damage, and liability claims. But how much does insurance for an epoxy flooring business actually cost?
In this guide, we’ll break down the factors that influence pricing, and types of coverage that epoxy flooring contractors need.
Why Epoxy Flooring Contractors Need Insurance
Insurance isn’t just a requirement—it’s a safety net. Epoxy flooring contractors face unique risks, including:
Chemical exposure and slip hazards on job sites
Damage to client property during installation
Injuries to employees or subcontractors
Equipment theft or damage
Having the right coverage ensures your business stays protected and compliant while allowing you to focus on delivering quality work.
Factors That Affect Insurance Costs
Several elements determine how much you’ll pay for epoxy flooring business insurance:
Business Size and Revenue: Larger companies with higher annual revenue typically pay more for coverage because the risk exposure is greater.
Number of Employees: Insurance premiums increase with more staff, especially if you require workers’ compensation.
Types of Coverage Needed: Policies vary depending on whether you need general liability, workers’ comp, commercial property, professional liability, or commercial auto insurance.
Location of Your Business: Different states have varying regulations and risk levels, which affect costs.
Claims History: Businesses with a history of claims may face higher premiums.
Equipment and Vehicle Use: High-value tools, machinery, or company vehicles can increase insurance rates.
Average Insurance Costs for Epoxy Flooring Contractors
While costs vary widely, here’s a general estimate for small to medium epoxy flooring businesses:
General Liability: $500–$1,500 per year
Workers’ Compensation: $2,000–$5,000 per year (depending on staff and state regulations)
Commercial Property: $500–$2,000 per year
Professional Liability: $600–$1,200 per year
Commercial Auto Insurance: $1,200–$3,000 per year
Note: These numbers are estimates. Your actual premiums will depend on your business size, location, and coverage requirements.
How to Get the Best Rate
Assess Your Risks: Identify the services you offer, your team size, and your equipment inventory.
Compare Quotes from Multiple Providers: Shop around to see who offers the best coverage for your business type.
Request a Quote from Wexford Insurance: Wexford Insurance specializes in contractor insurance and can provide a customized quote for your epoxy flooring business. Get a free quote here.
Bundle Policies: Some insurers offer discounts if you combine general liability, workers’ comp, and property coverage into one policy.
Maintain a Safe Work Environment: Implementing safety protocols can reduce risk and may lower your premiums over time.
Final Thoughts
Understanding the cost of insurance for your epoxy flooring installation business is essential for protecting your employees, equipment, and clients. While premiums vary depending on coverage, business size, and risk factors, securing the right policy ensures your business can operate safely and confidently.
Take the first step today by getting a free quote from Wexford Insurance to find coverage tailored to your epoxy flooring business.
FAQs
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