The Basics of Contractors Insurance

Contractors Insurance: Types, Costs, and More

If you’re a contractor, you may well know that you need contractors insurance in Los Angeles, CA. Even if you aren’t sure what coverage includes, you know that insurance is important to have in this line of work. To understand more about the basics of contractors coverage, read on.

Contractors Insurance

Contractors insurance refers to multiple policies that cover risks general contractors and other contractors face on a daily basis. Insurance providers offer a range of coverages suitable for contractors, including general liability, commercial property, and builder’s risk. You can then select the policies that best suit your operations. Many providers bundle coverage into a Business Owner’s Policy (BOP), which typically include general liability and commercial property insurance. Contractors may then choose to add coverages such as commercial auto and workers’ compensation.

The most common types of contractors insurance include:

  • General liability insurance
  • Workers’ compensation
  • Commercial property insurance
  • Surety bond
  • Commercial auto
  • Contractors equipment
  • Professional liability
  • Builder’s risk


Like with all insurance policies, there is no one set price for coverage. The cost of your contractors insurance will vary depending on the coverage you select, annual revenue, types of jobs, location, and other factors. Premiums can often start as low as $350 but some exceed $10,000. You can work with your insurance agent to secure an affordable policy that suits your needs.

If the worst does happen, having reliable contractors insurance can mean the difference between staying on track and your business closing its doors for good. For the easy and convenient insurance services that you need, contact the experts at Artisan Insurance Solutions.  We are ready to get you the coverage that you need today.

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