Home Improvement Contractor Insurance

Better Coverage For Your Home Improvement Business

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Tailored Home Improvement Business Insurance

Whether you specialize in bathroom renovations or basement remodeling, your home improvement business is growing fast - and you need insurance that can keep up!

At Simply Business, our home improvement business insurance is customized based on your specific risks and needs. We take the time to understand your business, so you’ll get the policy that offers full protection.

Ready to get covered? Discover business policies designed for home improvement experts like you:

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What Insurance Coverage Do Home Improvement Contractors Need?

You’re spending a lot of time in clients’ homes (after all, it’s in your job title!). That means you’re exposed to a lot of risks, like property damage, employee injuries, and accidents. There’s a lot that can happen during the course of your day.

Fortunately, home improvement contractor insurance can keep you protected!

While they vary from state-to-state, home improvement contractors insurance requirements usually involve:

Home Improvement Contractor Liability Insurance

Home improvement contractor liability insurance - also known as commercial general liability (CGL) or general liability - is an essential policy that covers your business in case of damages, accidents, and even lawsuits.

Let’s take a look at a few examples of what home improvement contractor liability insurance can cover:

  • Accidents: Accidents happen, especially when you’re working in someone else’s home. For example, if you end up accidentally causing water damage in a client’s bathroom, your liability insurance can cover some or all of the resulting bills.

  • Property Damage: Accidental damage is unfortunate, but liability insurance can keep you protected in case it happens. If a client sues you for property damage, your policy can cover repair bills, as well as any legal costs.

  • Personal damages: Home improvement contractor insurance can be useful if you ever get sued by a customer for personal damages. For example, if you slander a customer on social media, your policy can cover some or all of your legal costs, as well as any resulting payout.

Home improvement contractor liability insurance usually doesn’t cover:

  • Work-related injuries and illnesses
  • Tool theft or damage
  • Professional errors
  • Employment disputes

Learn more about how home improvement contractor liability insurance can protect your business.

Workers Compensation Insurance For Home Improvement Contractors

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

For example, if your subcontractor falls off a faulty ladder and gets injured, your workers comp policy can pay for their bills and lost wages. If that same subcontractor decides to sue you for negligence, your policy can covering resulting costs and legal fees.

Most states require home improvement contractor businesses to have workers compensation insurance, so make sure you have it!

Learn more about workers compensation insurance here.

How Much Does Home Improvement Contractors Insurance Cost?

Want to figure out how much you’ll pay for your policy? While there’s no one answer, the final price of your policy is usually determined by:

  • Business size
  • Number of employees
  • Area you serve
  • Services offered
  • And more

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