Home Improvement Contractor Insurance

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Home Improvement Contractor Insurance That’s Made Just for You

Whether you specialize in bathroom renovations or basement remodeling, your home improvement business is growing fast. That’s why you need insurance that can keep up!

At Simply Business, we specialize in business insurance coverage designed for home improvement contractors like you. Our policies cover the unique risks you face as a contractor, so you’ll be protected as you work.

Plus, we make it easy to get covered: find an online quote in under 10 minutes, or call one of our licensed insurance agents for expert help with picking the right policy.

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What Type of Insurance Do I Need as a Home Improvement Contractor?

While every home improvement contractor is different, there are specific insurance policies we typically recommend to keep them protected. These coverages include:

General Liability Insurance for Home Improvement Contractors

General liability insurance - also known as commercial general liability (CGL) insurance - is an essential policy that covers your home improvement contractor business in case of claims of third-party damages and accidents that you or an employee may have caused.

For example, if you end up accidentally causing water damage in a client’s bathroom, your general liability insurance could cover some or all of the resulting repair bills.

General liability insurance can cover:

  • Bodily injury
  • Third-party property damage
  • Personal and advertising injury
  • Third-party medical expenses
  • And more

General liability insurance doesn’t cover:

  • Employee injuries and illnesses
  • Tool theft
  • Professional errors
  • Copyright infringement
  • And more

Learn more about General Liability Insurance.

Contents Coverage for Home Improvement Contractors

If you’re like most contractors, you’ve definitely spent a lot of money on your tools and equipment. So can you afford to replace them if they were damaged or stolen?

That’s why we recommend adding contents coverage to your home improvement contractor insurance. Contents coverage provides financial protection in case your tools are damaged or stolen during the course of your work. If this happens, your policy may cover the cost of repairing or replacing your work tools (up to your policy limit).

Our contents coverage can be affordably packaged with our general liability insurance, so be sure to request it when shopping for a quote.

Workers Compensation Insurance for Home Improvement Contractors

As soon as you hire your first employee, you may need to get workers compensation insurance. If an employee gets hurt or sick on the job, this coverage can protect your business by paying out some or all of their lost wages, medical bills, and legal costs.

For example, if your employee falls off a faulty ladder and gets injured, your workers comp policy can pay for their bills and lost wages. Additionally, this coverage prevents an employee from suing your business for their workplace injuries.

Workers compensation insurance usually covers:

  • Medical payments
  • Lost wages
  • Rehabilitation expenses
  • Death benefits

Home Improvement Contractor Insurance FAQs

Finding home improvement contractor insurance can be confusing, which is why we’re here to help. Check out our answers to the most frequently asked questions finding and buying home improvement contractor insurance.

Do home improvement contractors need insurance?

Absolutely! Home improvement contractor insurance is 100% critical for protecting your customers, your tools, and even your personal finances. Here’s why: Without home improvement contractor insurance, you and your business are liable for any damages or accidents you cause.

And even if your business didn’t actually cause the damage, you’d still have to pay for your legal defense should the customer sue you.

That means you’d have to pay those bills out of your pocket - and for a lot of contractors, those bills could be enough to put them out of business.

What does home improvement contractors insurance cover?

Home improvement contractor insurance can be customized to provide protection against the specific risks you most often face while running your business.

So whether you need just general liability insurance to give your customers peace of mind or you want to insure your tools and equipment, we can easily add these policies to your home improvement contractor insurance coverage.

Is home improvement contractor insurance a legal requirement?

It depends on your state of residence, as well as the city where your business is located. However, even if your state doesn’t require you to have business insurance, there are several reasons you should carry it:

  • Home improvement contractor insurance prevents you from using your own money to pay for property damage and accidents.
  • It can cover legal costs if your business gets sued.
  • Customers may not want to hire you unless you have insurance coverage.
  • It can help you get approved for a business license.

How much does home improvement contractor insurance cost?

While there’s no one right answer, the final price of your home improvement contractor insurance is usually determined by:

  • Number of employees
  • Locations you serve
  • Services offered
  • And more

Want to see how much your home improvement contractor insurance will cost? Just click here to answer a few questions about your business.

Why Choose Simply Business?

Simply Business is an online business insurance brokerage that lets you compare and buy policies from top insurers. We have over a decade of experience in making business insurance clear and simple for our customers.

We pride ourselves on making business insurance:

  • Fast and Affordable: You have better things to focus on, like running your business. Our policies are fast, affordable, and ready when you are.

  • Tailored to You: Forget one-size-fits-all insurance. Get the protection your business needs, when you need it most.

  • Flexible with Coverage: Whether you need increased coverage for the busy season or a policy for a large project, Simply Business can help.

After all, you’ve worked hard to grow your home improvement contracting business. That’s why we offer the best coverage to protect it.

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