How Much Is Business Insurance
for Flooring Contractors?

Whether you install carpet, laminate, bamboo, or wood flooring, your business faces financial risks that it can cover with business insurance. Lawsuits, car accidents, and workplace injuries could cost your business tens of thousands of dollars, if not more. Without floor covering insurance, a single lawsuit could bankrupt your business. So How much does floor covering insurance cost? While costs vary, let's look at some rough estimates based on what other business pay.

Note: the insurance quotes listed below are only ballpark estimates that show the cost of coverage for the typical floor covering business. Your premiums may vary.

HOW MUCH IS
General Liability Insurance?

How Much Is General Liability Insurance?

Insureon's floor covering insurance specialists have custom built General Liability Insurance policies for hundreds of floor installation businesses. Why do so many other businesses have this coverage? Simple. General Liability Insurance can pay for third-party lawsuits about client injuries, property damage, and problems with your installations and repairs.

Say a client sues you after the wood flooring you've installed scuffs and scars easily. If a client sues you over a defect with a finished product, General Liability Insurance could pay your legal expenses as well as the damages you owe the dissatisfied customer.

The typical floor covering installation General Liability Insurance policy costs $361 to $839 in annual premiums.

Average Premiums, Deductibles and Limits on General Liability Insurance Policies for Flooring Contractors
Name USD

Median policy premium:

$361 - $839

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 flooring contractors compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Commercial Auto Insurance?

How Much Is Commercial Auto Insurance?

Commercial Auto Insurance is especially important for floor covering businesses because they frequently work at client homes. What would happen if you got in an accident on the way to an installation? Well, unfortunately, Personal Auto Insurance policies don't usually cover commercial driving. If you didn't have Commercial Auto Insurance, you'd be out of luck.

The typical floor installation business pays $1,731 to $1,888 in annual Commercial Auto Insurance premiums.

Average Premiums, Deductibles and Limits on Commercial Auto Insurance Policies for Flooring Contractors
Name USD

Median policy premium:

$1,731 - $1,888

Median policy limit:

$1,000,000

Median policy deductible:

$500

HOW MUCH IS
Workers' Compensation Insurance?

How Much Is Workers' Compensation Insurance?

Floor covering businesses are often legally required to have Workers' Compensation Insurance to cover their employees (check your state Workers' Comp requirements). This coverage pays for an installation professional's medical costs and lost wages following a work injury or accident.

With all the physical work you do, it's important to protect your employees and your business with Workman's Comp. An employee accident could lead to an expensive lawsuit. Fortunately, Workers' Comp can come with Employer's Liability Insurance, which pays for your WC lawsuit expenses and settlements.

Floor covering businesses usually pay $2,243 to $4,661 for Workers' Comp Insurance.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance Policies for Flooring Contractors
Name USD

Median policy premium:

$2,243 - $4,661

Per claim limit:

$100,000

Median policy limit:

$500,000

Median policy deductible:

None.

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

FREE QUOTES
on Flooring Contractor Insurance

Free Quotes on Flooring Contractor Insurance

For a free cost estimate on floor covering installation insurance, talk with one of our specialist agents at 800-688-1984 or submit an online insurance application.

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