General contractors’ fees for general liability insurance The average cost of general liability insurance for general contractors is around $90 per month, or $1,010 per year. This coverage protects against injuries to third parties, property damage to third parties, and advertising injuries.
What is the cost of general contractor insurance?
Learn more about the criteria that your insurance provider will use to determine your premiums. The typical monthly premium for a general contractor insurance policy with minimum coverage of $1 million is around $90. This cost might vary based on a number of factors, including the location of your firm.
Does general liability include coverage for subcontractors?
In reality, the vast majority of insurers expressly exclude subcontractors from their general liability coverage. While individual policies differ, the vast majority of general liability insurance policies cover only you and your staff. This indicates that your coverage does not cover someone who is not on your payroll.