How to Save Money on Insurance for Your Drywall Installation Business
- Nate Jones, CPCU, ARM, CLCS, AU
- 2 days ago
- 2 min read
Insurance is essential for drywall installation businesses, protecting your company from workplace injuries, property damage, and liability claims. But premiums can add up quickly if you’re not strategic. The good news is, there are proven ways to save money on drywall installation business insurance while keeping comprehensive coverage.
1. Bundle Multiple Policies
Many insurers offer discounts when you bundle multiple policies. For drywall contractors, this could include:
Bundling can reduce premiums and simplify policy management, helping you save time and money.
2. Maintain a Clean Claims History
Insurance providers reward businesses with low-risk profiles. Avoiding unnecessary claims and practicing good safety measures can significantly lower your premiums over time.
Documenting:
Employee training programs
Job site safety protocols
Equipment maintenance schedules
can also demonstrate reduced risk to underwriters, which often translates to lower rates.
Selecting the right coverage limits ensures you’re protected without overpaying. Consider:
Evaluating your actual risk exposure before selecting high liability limits
Increasing deductibles slightly to reduce premiums, while still keeping out-of-pocket costs manageable
Balancing coverage and cost helps you avoid paying for unnecessary insurance.
4. Leverage Risk Management Practices
Insurance companies like contractors who take steps to minimize risk. Some ways to demonstrate this include:
Implementing safety programs and certifications
Using personal protective equipment (PPE) consistently
Conducting regular job site inspections
These practices can qualify your drywall business for premium discounts and may reduce the frequency of claims.
5. Work With a Specialized Contractor Insurance Provider
Partnering with a provider experienced in drywall installation insurance ensures you get competitive pricing and policies tailored to your business. Wexford Insurance can help by:
Providing fast, customized quotes for your drywall business
Identifying discounts and cost-saving opportunities
Guiding you through policy selection to avoid overpaying
Request your quote today to get affordable coverage that protects your business without unnecessary expense.
