Subcontractor Insurance
Find out what subcontractor insurance coverage you need. Compare policies from leading national insurers. Get a quote in minutes.
Insuring over 1 million small business owners worldwide.
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Why Do Subcontractors Need Insurance?
As a subcontractor, every day comes with new challenges. And no matter how skilled you are, every job has its hazards. A dropped tool can damage a client’s property, a small misstep can lead to injury, and a contractor might hesitate to hire you without insurance coverage. But the right insurance policies can help protect you, open doors to more jobs, and keep your business standing when mishaps hammer hard.
What Subcontractor Insurance Do I Need?
General Liability Insurance
A foundational subcontractor liability insurance to help handle costs from third-party accidents, property damage, and bodily injury.
Workers’ Comp Insurance
Coverage to help take care of employees who get sick or injured on the job. Most states require this for small businesses with full- or part-time employees. It also can benefit business owners who don’t have employees.
Inland Marine Insurance
Also known as Equipment and Business Property insurance, this coverage can financially protect equipment and inventory that is in transport or stored off-site.
Contractor’s Errors and Omissions
Coverage for damages and legal costs for mistakes or negligence claims. This policy is often recommended for businesses that provide advice and guidance to their clients. It also can cover errors that result in unsatisfactory finished work.
What Does Subcontractor Insurance Cover?
From framing and drywall to electrical and finish work, subcontractors handle it all — and that comes with risks. We can help you choose the right coverages and policies to protect you from some of the most common risks:
Damage to someone else’s property
You’re installing cabinetry when your drill slips and scratches the client’s custom hardwood floor. The damage is pricey, and the contractor expects you to pay for the repair. A general liability policy could help cover accidental damages to a client’s property and protect your business from out-of-pocket costs.
Care for sick or injured employees
While carrying paint cans up a stepladder, one of your crew members loses balance and falls, injuring their shoulder. Workers’ compensation insurance can help cover medical bills and lost wages as they recover.
This coverage is often legally required and protects your business from costly claims, while ensuring your crew gets the care they need. Even if you work solo, workers’ comp is worth considering, since some health insurance policies won’t cover work-related injuries.
Damaged or stolen equipment
You’re a busy wedding photographer, which means your gear and equipment are often on the go. What if someone steals your camera, lights, and other items? An inland marine policy could help pay to replace or repair stolen or damaged equipment when on the move.
Honest mistakes and negligence claims
An overly aggressive marketing plan is seen as talking badly about the competition, and your client gets sued. An errors and omissions policy could help cover the cost of correcting the mistake and protect you from negligence claims.
Business Insurance
A one-minute explanation
Learn more about policies for small businesses, what they cover, why you might need them, and how we can help – all in just 60 seconds.
Business insurance is often made up of different types of policies to cover different things, similar to how your health insurance can be made up of medical dental and vision coverage. Here are some of the ones small business owners may need. General liability is kind of the Swiss army knife of insurance, it can do a lot like help handle cost from third party accidents, property damage, bodily injury, and more. Nobody’s perfect right? That’s what professional liability is for. It could come in handy in the event of honest mistakes or claims of negligence. Workers’ comp can protect your business and help take care of employees who get sick or injured on the job. Small businesses are big targets for cyber criminals. Cyber Insurance can help cover costs associated with stolen customer data, cyber attacks, breaches, and fraud. BOP, or a business owners policy, combines different types of coverages like general liability and commercial property insurance. Putting them together for you is where we come in, you tell us a bit about your business online or on the phone, we customize the coverage options for what you do and what you need. It’s your business it should be your insurance as well, that’s why we’re here.
How Much Does Subcontractor Insurance Cost?
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Get a quick estimate in just 3 steps.
Answers to More Subcontractor Insurance Questions
Does a subcontractor need insurance?
Most states require you to carry workers’ compensation insurance if you have employees. There also may be licensing requirements that require certain liability coverages. We recommend checking with your state and local governments for subcontractor insurance requirements.
How much does subcontractor insurance cost?
The cost for insurance coverage is determined largely by the type of work you do, the types of risks you’re exposed to, the square footage of your office, and the number of employees you have.
Some other factors can include where your office is located, how many years of experience you have, and your annual revenue.
We can help find the coverages and prices online for subcontractor insurance.
What should I consider before buying subcontractor insurance?
If you’re thinking of buying subcontractor insurance, we recommend having the following information on hand when using our subcontractor insurance calculator:
- State where you do business
- Your type of business or trade
- Annual revenue estimate
This information can make it easier to get a quote from one of our insurers.
Why work with Simply Business?
Small business insurance is what we do. Whether it’s covering you for accidents and mistakes, meeting workers’ comp requirements, or protecting your shop and your tools and equipment, we can help find the coverage you need for your subcontractor business.
We provide customized coverage options and quotes from top-rated small business insurers — all in just 10 minutes. More than 1 million small business owners worldwide trust us with their insurance, and we consistently earn high customer ratings and reviews.
Feel confident about your choice
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*Actual savings may vary based on the nature of your business, its location, and insurance provider appetite. Savings percentage is calculated using the average price difference of quotes from SB’s panel of insurance providers.