How Much Is Business Insurance
for Carpet Installers and Removers?

As a carpet installation business expands, it will need to purchase business insurance to cover its liabilities, insure its property, and meet the coverage requirements set out in contracts and leases.

Every small business's risks are different. Because of this, every business pays different rates for coverage. However, at insureon, we've insured hundreds of other carpet businesses, and we can offer you a rough estimate based on what others pay for insurance. Check out the sample insurance quotes below to get an idea of the typical cost for carpet businesses.

Please note: insurance rates quoted below are only estimates of the typical cost of coverage. Actual premiums will vary.

HOW MUCH IS
General Liability Insurance?

How Much Is General Liability Insurance?

When a carpet laying or removal business signs a contract, it usually needs General Liability Insurance. Landlords, customers, and contractors want you to have GL Insurance because its covers lawsuits over property damage, customer injuries, and copyright infringement. For instance, if a customer sues you after stepping on a nail one of your installers dropped, GL Insurance could pay your lawyers' fees, settlements, damages, and court expenses.

General Liability Insurance typically costs $361 to $813 for carpet businesses.

Average Premiums, Deductibles and Limits on General Liability Insurance Policies for Carpet Installers
Name USD

Median policy premium:

$361 - $813

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$1,000

To see how the cost of General Liability Insurance for carpet installers and removers compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

How Much Is a Business Owner's Policy?

A Business Owner's Policy is an insurance package that helps many carpeting small businesses save money on two basic insurance policies. BOPs bundle General Liability (see above) and Property Insurance, and when you buy these policies together you can qualify for lower rates. BOP Property coverage insures your supplies, tools, equipment, inventory, and other physical property your company owns. When this property is damaged or destroyed, Property Insurance can pay to replace it.

Carpet laying businesses typically pay $1,406 to $2,394 for a Business Owner's Policy.

Average Premiums, Deductibles and Limits on BOP Insurance Policies for Carpet Installers
Name USD

Median policy premium:

$1,406 - $2,394

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$500

HOW MUCH IS
Umbrella Insurance?

How Much Is Umbrella Insurance?

Carpet companies that want extra protection against the cost of a lawsuit can purchase Umbrella Insurance, which pays for General Liability, Workers' Comp, or Auto Liability lawsuits when they exceed the limits of your policy. Here's an example. Say a customer sues you when they slip and fall in your showroom. The lawsuit costs $1.5 million, but your General Liability only covers $1 million. If you have Umbrella Insurance, your policy will cover the remaining $500,000.

$1 million worth of Umbrella Insurance starts at $400 for carpet installation companies.

Average Premiums, Deductibles and Limits on Umbrella Insurance Policies for Carpet Installers
Name USD

Median policy premium:

$400

Median policy limit:

$1,000,000

Median policy deductible:

Varies

To see how the cost of Umbrella Insurance for carpet installers and removers compares with other industries, visit Insureon's Umbrella Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Workers' Compensation?

How Much Is Workers' Compensation?

If you run a carpet business and hire employees or subcontractors, there's a good chance you'll need Workers' Compensation Insurance. State law usually requires employers to have this policy. Workers' Comp can cover employee medical bills and lost wages after a workplace accident. If your policy has Employer's Liability Insurance, you'll also have coverage for Workman's Comp lawsuits.

Workers' Compensation Insurance typically costs $1,979 to $2,790 for carpet laying and removal companies.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance Policies for Carpet Installers
Name USD

Per claim limit:

$100,000

Median policy limit:

$500,000

Median policy deductible:

None

To see how the cost of Workers' Compensation Insurance for carpet installers and removers compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

FREE QUOTES
on Carpet Installation Insurance

Free Insurance Quotes for Carpet Installation Businesses

If you need business insurance for your carpeting business in order to sign a contract, don't worry. Insureon's agents can help you find the coverage you need. Fill out an online insurance application and our carpet insurance experts will send you a free quote.

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