What is the cost of a general liability policy for a general contractor?

The cost of general liability insurance for a general contractor varies based on several factors. In this video, Mike Fusco explains insurance cost factors that determine general liability insurance for general contractors.
Construction insurance policies, specifically general liability, vary significantly in coverage form and exclusions. Here are some of the exclusions and limitations that the agents of Fusco Orsini & Associates avoid for their clientele when able.
1) Subsidence exclusion
2) Action over exclusion
3) Prior work exclusion
4) Sunset clause
5) Manifestation clause

The cost of a general liability policy for small general contractors may range from $1,200 to $3,500, depending on the operations, location, exclusions, endorsement, payroll, and sub costs.
Larger general contractors will pay from $3-$4 per $1,000 of gross sales on a general liability policy focusing on commercial work and $5-$6 per $1,000 of sales when performing residential projects.

Please keep in mind that we provide this information as a resource, and we must better understand your general construction operation to provide more accurate pricing.

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