How to Lower Insurance Costs for a Framing Contractor Business
- Nate Jones, CPCU, ARM, CLCS, AU
- 19 hours ago
- 2 min read
Insurance is essential for framing contractors, but that doesn’t mean you should overpay. With the right approach, framing contractor insurance costs can be reduced while maintaining the coverage required to protect your business and win contracts.
Here are proven strategies to lower premiums without increasing risk.
Improve Job site Safety and Training
Insurance carriers reward safer operations. Implementing safety programs, fall‑protection training, and equipment handling procedures can directly impact your workers’ compensation and liability premiums. Formal safety plans help reduce injury incidents, one of the biggest factors affecting insurance costs.
Maintain a Clean Claims History
Frequent or poorly managed claims raise red flags for insurers. Address hazards early, document incidents properly, and avoid filing small claims when possible. A clean claims record over three to five years can significantly reduce renewal rates.
Choose Accurate Classifications
Incorrectly classifying your framing work or payroll can inflate premiums. Residential, commercial, and multi‑story framing carry different risk ratings.
Bundle Policies Strategically
Purchasing multiple policies, such as general liability, workers’ compensation, and commercial auto, from the same carrier may qualify you for discounts. Bundled or customised insurance programs often cost less than standalone policies.
Review Coverage Limits Annually
Over‑insuring can be just as costly as being under insured. Review policy limits each year to ensure they align with current contracts, revenue, and equipment values. As your business evolves, your insurance should be adjusted, not duplicated.
Work With a Specialised Insurance Agency
General insurers may not understand framing risks, leading to higher pricing or unnecessary coverage. A specialised agency can tailor policies to your actual exposure, eliminating waste and improving long‑term pricing.
Lower Your Costs with Wexford Insurance
Wexford Insurance specialises in customised insurance solutions for framing contractors. Their team helps identify discounts, correct classifications, and right‑size coverage, so you pay only for what your business truly needs.
👉 Request a quote from Wexford Insurance today to see how much you could save on framing contractor insurance.
