Contractor Insurance Cost Estimator

ANA›Life Services Authority›National Calculator Authority›Contractor Insurance Cost Estimator

.calc-container { max-width: 640px; margin: 2rem 0; padding: 1.5rem; background: #fff; border: 1px solid #ddd; border-radius: 8px; box-shadow: 0 1px 3px rgba(0,0,0,0.06); font-family: system-ui, -apple-system, sans-serif; } .calc-container h3 { font-family: Georgia, serif; font-size: 1.15rem; color: #1a1a1a; margin-bottom: 1rem; padding-bottom: 0.5rem; border-bottom: 2px solid var(--ac, #3d5a80); } .calc-row { display: flex; align-items: center; gap: 0.75rem; margin-bottom: 0.75rem; flex-wrap: wrap; } .calc-row label { min-width: 160px; font-size: 0.9rem; color: #333; font-weight: 500; } .calc-row input[type="number"], .calc-row select { flex: 1; min-width: 120px; max-width: 200px; padding: 0.5rem 0.6rem; border: 1px solid #ccc; border-radius: 4px; font-size: 0.9rem; font-family: system-ui, sans-serif; color: #1a1a1a; background: #fafaf8; } .calc-row input:focus, .calc-row select:focus { outline: none; border-color: var(--ac, #3d5a80); box-shadow: 0 0 0 2px rgba(26,74,138,0.12); } .calc-row .unit { font-size: 0.82rem; color: #888; min-width: 30px; } .calc-btn { display: inline-block; margin-top: 0.5rem; padding: 0.55rem 1.5rem; background: var(--ac, #3d5a80); color: #fff; border: none; border-radius: 4px; font-size: 0.9rem; font-weight: 600; cursor: pointer; font-family: system-ui, sans-serif; } .calc-btn:hover { opacity: 0.9; } .calc-result { margin-top: 1.25rem; padding: 1rem 1.25rem; background: #f0f6fc; border-left: 3px solid var(--ac, #3d5a80); border-radius: 0 6px 6px 0; display: none; } .calc-result.visible { display: block; } .calc-result-label { font-size: 0.78rem; text-transform: uppercase; letter-spacing: 0.06em; color: #666; margin-bottom: 0.25rem; } .calc-result-value { font-size: 1.6rem; font-weight: 700; color: var(--ac, #3d5a80); } .calc-result-detail { font-size: 0.85rem; color: #555; margin-top: 0.5rem; line-height: 1.5; } .calc-note { margin-top: 1rem; font-size: 0.8rem; color: #888; font-style: italic; } .calc-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 0.75rem; margin-top: 0.75rem; } .calc-grid-item { padding: 0.6rem 0.8rem; background: #f8f9fa; border-radius: 4px; border: 1px solid #eee; } .calc-grid-item .label { font-size: 0.75rem; color: #888; text-transform: uppercase; letter-spacing: 0.04em; } .calc-grid-item .value { font-size: 1.1rem; font-weight: 600; color: #1a1a1a; } @media (max-width: 720px) { .calc-row { flex-direction: column; align-items: flex-start; gap: 0.3rem; } .calc-row label { min-width: auto; } .calc-row input[type="number"], .calc-row select { max-width: 100%; width: 100%; } .calc-grid { grid-template-columns: 1fr; } } .calc-chart { margin: 1rem 0; text-align: center; } .calc-chart svg { max-width: 100%; height: auto; } .calc-chart-legend { display: flex; flex-wrap: wrap; justify-content: center; gap: 0.6rem 1.2rem; margin-top: 0.6rem; font-size: 0.8rem; color: #555; } .calc-chart-legend span { display: inline-flex; align-items: center; gap: 0.3rem; } .calc-chart-legend i { display: inline-block; width: 10px; height: 10px; border-radius: 2px; font-style: normal; } .calc-related { max-width: 640px; margin: 2rem 0 1rem; padding: 1.25rem 1.5rem; background: #f8f9fa; border: 1px solid #e8e8e8; border-radius: 8px; } .calc-related h3 { font-family: Georgia, serif; font-size: 1rem; color: #1a1a1a; margin: 0 0 0.75rem; padding-bottom: 0.4rem; border-bottom: 2px solid var(--ac, #3d5a80); } .calc-related-list { list-style: none; padding: 0; margin: 0 0 0.75rem; display: grid; grid-template-columns: 1fr 1fr; gap: 0.4rem 1.5rem; } .calc-related-list li a { font-size: 0.88rem; color: var(--ac, #3d5a80); text-decoration: none; } .calc-related-list li a:hover { text-decoration: underline; } .calc-browse-all { margin: 0.5rem 0 0; font-size: 0.9rem; font-weight: 600; } .calc-browse-all a { color: var(--ac, #3d5a80); text-decoration: none; } .calc-browse-all a:hover { text-decoration: underline; } @media (max-width: 720px) { .calc-related-list { grid-template-columns: 1fr; } }

Contractor Insurance Cost Estimator

Estimate your annual contractor insurance costs including General Liability, Workers' Compensation, and Tools & Equipment coverage based on your trade, revenue, and workforce size.

Contractor Trade / Specialty

-- Select Trade -- General Contractor Electrical Plumbing HVAC Roofing Framing / Carpentry Concrete / Masonry Painting Landscaping Janitorial / Cleaning

Annual Revenue / Payroll ($)

Number of Employees (including owner)

Total Value of Tools & Equipment ($)

General Liability Limit

$1M / $2M Aggregate $2M / $4M Aggregate $5M / $10M Aggregate

State Risk Factor

Low-Cost State (e.g., TX, IN, NC) Average State Higher-Cost State (e.g., CA, NY, FL)

Prior Claims in Last 3 Years

None 1 Claim 2 Claims 3+ Claims

Calculate Insurance Cost

### Estimated Annual Insurance Costs

Coverage Annual Premium

General Liability-- Workers' Compensation-- Tools & Equipment--

Total Estimated Annual Cost --

⚠️ These are estimates only. Actual premiums vary by insurer, underwriting, and specific job classifications. Obtain quotes from licensed insurance agents.

function conFmt(n) { return "$" + Math.round(n).toLocaleString("en-US"); }

function conCalc() { // Clear errors ["con-trade","con-revenue","con-employees","con-tools-value"].forEach(function(id) { var el = document.getElementById(id + "-err"); if (el) el.textContent = ""; }); document.getElementById("con-result").style.display = "none";

var trade = document.getElementById("con-trade").value; var revenue = parseFloat(document.getElementById("con-revenue").value); var employees = parseInt(document.getElementById("con-employees").value); var toolsVal = parseFloat(document.getElementById("con-tools-value").value); var glLimit = parseFloat(document.getElementById("con-gl-limit").value); var stateRisk = parseFloat(document.getElementById("con-state-risk").value); var claimsMult = parseFloat(document.getElementById("con-claims").value);

var valid = true;

if (!trade) { document.getElementById("con-trade-err").textContent = "Please select a trade."; valid = false; } if (isNaN(revenue) || revenue 0, else $0 var tePremium = 0; if (toolsVal > 0) { tePremium = toolsVal * 0.025; tePremium = Math.max(tePremium, 150); }

// ── Totals ───────────────────────────────────────────────────────────────── var total = glPremium + wcPremium + tePremium; var monthly = total / 12; var pctRev = revenue > 0 ? (total / revenue * 100).toFixed(2) : "N/A";

document.getElementById("con-gl-cost").textContent = conFmt(glPremium);
document.getElementById("con-wc-cost").textContent = conFmt(wcPremium);
document.getElementById("con-te-cost").textContent = conFmt(tePremium);
document.getElementById("con-total-cost").textContent = conFmt(total);
document.getElementById("con-monthly-cost").textContent =
"≈ " + conFmt(monthly) + " / month if paid monthly";
document.getElementById("con-pct-revenue").textContent =
revenue > 0
? "Insurance cost as % of revenue: " + pctRev + "% (industry benchmark: 1%–4%)"
"";

document.getElementById("con-result").style.display = "block"; }

#### Formulas Used

General Liability Premium GL = (Revenue ÷ 1,000) × GL_Rate × Limit_Multiplier × State_Factor × Claims_Multiplier Minimum floor: $500. GL rates per $1,000 revenue range from $0.55 (cleaning) to $2.50 (roofing).

Workers' Compensation Premium WC = (Revenue × 0.35 ÷ 100) × WC_Rate × State_Factor × Claims_Multiplier Estimated payroll = 35% of revenue. WC rates per $100 payroll range from $3.50 (cleaning) to $22.00 (roofing). Minimum: $300 × number of employees.

Tools & Equipment Premium T&E = Tools_Value × 2.5% Minimum: $150 when tools value > $0. Based on inland marine / tools floater annual rate.

Total Annual Cost Total = GL + WC + T&E

#### Assumptions & References

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References

Related Authorities

Life Services Authority › Professional Services Authority › Trade Services Authority › United States Authority ›