Insurance Cost for Flooring Contractor Businesses: What to Expect
- Nate Jones, CPCU, ARM, CLCS, AU
- 2 days ago
- 3 min read
When running a flooring contractor business, understanding insurance costs is essential for accurate budgeting and long‑term success. From liability coverage to workers’ compensation and equipment protection, insurance helps safeguard your business from unforeseen losses — but how much should you expect to pay?
In this guide, we break down the average insurance costs for flooring contractors, what factors influence pricing, and how you can get the best coverage at a competitive rate through Wexford Insurance.
💡Why Insurance Matters for Flooring Contractors
Flooring contractors work with heavy materials, expensive tools, and frequently visit client job sites. Accidents or claims can lead to financial strain, lawsuits, and lost revenue without the right insurance.
🧾 Common Types of Coverage & Cost Estimates
The total cost of insurance for flooring contractors depends on the types of coverage you need and your business profile. Below are typical policy types and what you might expect to pay:
What it covers:
Third‑party property damage
Bodily injury claims
Legal defense costs
Cost Estimate: For many small flooring businesses, general liability policies can start around $400–$1,200 per year, depending on revenue and risk profile.
What it covers:
Workplace injuries
Medical bills
Lost wages
If you have employees, this coverage is often required by state law.
Cost Estimate: Expect premiums between $2.00–$5.00 per $100 of payroll, depending on your crew size and claim history.
Find Now workers’ compensation information at the U.S. Department of Labor
What it covers:
Work van or truck accidents
Vehicle damage
Liability claims
Cost Estimate: Business auto policies can range from $1,500–$3,000 per year per vehicle, driven by usage and driving records.
What it covers:
Theft or damage to tools
Sudden loss of valuable gear
Cost Estimate: Typically $300–$900 annually, depending on your tool value.
What it covers:
Mistakes in workmanship
Project delays
Client disputes
Cost Estimate: Professional liability policies usually range $500–$1,500 per year, based on services offered.
📌 Factors That Influence Flooring Insurance Cost
Insurance pricing varies widely, but common cost drivers include:
Business size and annual revenue
Number of employees
Claims history
Types of services offered (residential vs commercial)
Coverage limits and deductibles
Location and local state requirements
📈 How to Get the Best Insurance Pricing
To optimize your coverage and pricing:
Bundle policies (liability + auto + tools)
Increase deductibles when appropriate
Work with an agent familiar with contractor businesses
Keep a clean claims history
🤝 Why Choose Wexford Insurance for Flooring Contractor Coverage
Wexford Insurance specializes in contractor and small business insurance, giving flooring businesses access to tailored solutions and competitive pricing. When you work with Wexford, you benefit from:
🛡️ Contractor expertise — Policies customized for flooring risks
🔄 Multiple carrier options — Boosts chances of lower premiums
⚡ Fast, accurate quotes — Efficient online or phone process
📌 Ongoing support — Guidance throughout policy lifecycle
🧾 Final Thoughts
Insurance is not just another expense — it’s a business safeguard that protects your flooring company from expensive claims, legal disputes, and unexpected setbacks. While costs vary, understanding your options and working with the right partner can make all the difference.
By choosing Wexford Insurance, you’re choosing extensive contractor expertise, flexible coverage, and competitive pricing — so you can focus on delivering quality flooring services with peace of mind.
