Remodeling Contractor Insurance
As a remodeling contractor, you transform homes and businesses into beautiful, functional spaces. Whether you’re working on kitchens, bathrooms, basements, or full-scale renovations, your job carries risks that can jeopardize your projects and your livelihood. From accidental property damage to worker injuries and tool theft, one unexpected event can derail a job and your business.
At Executive Choice Insurance, we understand the unique challenges remodeling contractors face. Our remodeling contractor insurance is designed to give you peace of mind so you can focus on what you do best: delivering exceptional craftsmanship and service.
Why Remodeling Contractors Need Insurance
Remodeling work is inherently complex and risky. You manage teams, materials, and clients, often on tight deadlines. Here’s why having the right insurance is critical for your business:
- Accidental Property Damage: A small mistake can cause major damage, such as a water leak, a fire, or structural harm, which can cost thousands to fix.
- Bodily Injury Risks: Job sites can be dangerous. Injuries to workers, clients, or bystanders can result in lawsuits or costly medical bills.
- Material and Equipment Protection: Tools, appliances, and materials are frequent targets for theft or damage.
- Client and Contract Requirements: Many clients, general contractors, and lenders require proof of insurance before work begins.
- Legal Requirements: Depending on your state, certain coverages like workers’ compensation may be mandatory.
Without adequate insurance, one accident can wipe out months or years of hard work.
Key Insurance Coverages for Remodeling Contractors
To protect your remodeling business from the wide range of risks you face, we recommend the following essential coverages:
General Liability
Insurance
General liability insurance is the foundation of your coverage. It protects your business from third-party claims of property damage or bodily injury. For example, if a client trips over your tools or if you accidentally damage a client’s flooring, general liability covers legal fees, settlements, and medical costs.
Builders Risk Insurance
Builders risk insurance protects the structure you’re working on as well as materials, supplies, and equipment during the renovation. It covers damages from fire, theft, vandalism, and weather events. Without this, you’d be responsible for repairing or replacing damaged work at your own expense.
Workers' Compensation Insurance
If you have employees, workers’ compensation insurance is essential. It covers medical expenses, lost wages, and rehabilitation for workers injured on the job. Many states require it by law, and having this coverage helps protect both your workers and your business.
Commercial Auto
Insurance
You rely on trucks and vans to transport workers, tools, and materials. Commercial auto insurance covers your vehicles and protects you from liability if one of your drivers is involved in an accident.
Tools & Equipment Insurance
Remodeling projects require expensive tools and equipment. Tools & equipment insurance (also called inland marine insurance) protects these assets from theft, loss, or damage, whether they’re on the job site, in storage, or in transit.
How Much Does Remodeling Contractor Insurance Cost?
The cost of insurance for remodeling contractors depends on several factors, including:
- The size of your business and the number of employees
- Annual revenue.
- Type and size of projects (residential vs. commercial, high-end remodels, etc.)
- Claims history
- Equipment and vehicle value
- Coverage limits and deductibles
On average, general liability coverage for a small remodeling business ranges from $1,200 to $6,000 per year. When you add workers’ compensation, commercial auto, and tools coverage, your total premium may increase to $6,000 to $12,000 or more per year.
Bundling your policies through Executive Choice Insurance often results in discounts and customized solutions that maximize your protection while controlling costs.
Get Proof of Insurance Quickly
When you land a new contract, the last thing you want is to lose the job over missing paperwork. Executive Choice Insurance ensures you get Certificates of Insurance (COIs) quickly and efficiently so you can meet client and project requirements without delay. We prioritize fast turnaround times to help keep your projects on track.
Why Choose Executive Choice Insurance for Your Remodeling Business
At Executive Choice Insurance, we know that remodeling contractors need more than standard coverage, they need a partner who understands their industry and can customize solutions for their specific risks.
Industry Expertise
We specialize in contractor insurance and know the risks unique to remodeling work.
Tailored
Policies
We work closely with you to customize your coverage to your projects, team size, and operations.
Competitive
Pricing
We have access to top-rated insurance carriers to help you secure the best rates.
Fast, Responsive Service
Whether you need a COI, a quote, or claims assistance, we’re here when you need us.
Peace
of Mind
With Executive Choice Insurance on your side, you can take on any project with confidence.
FAQs About Remodeling Contractor Insurance
es. Even solo contractors face liability risks, and many clients will require proof of insurance before hiring you.
It covers damage to the structure you’re remodeling as well as materials and equipment used in the project.
Executive Choice Insurance typically delivers COIs within the same business day.
It depends on your state laws and the details of your contracts. We can help you determine the right setup.
Request a Free Remodeling Contractor Insurance Quote
Protect your remodeling business with comprehensive, affordable coverage from Executive Choice Insurance. Contact us today for a free, no-obligation quote, and let us help you build a stronger, safer future for your business.
Contact Executive Choice Insurance today and empower your business with the right protection. When you’re covered, you’re unstoppable.
Coverage availability, limits, costs, and legal requirements may vary by state, industry, insurer, and project type. This content is for informational purposes only and does not constitute legal or insurance advice. Please consult with Executive Choice Insurance to discuss your specific business needs and receive tailored guidance.