JD
Reviewed by John Doe, CPCU
Licensed Insurance Professional • 15+ years experience
VERIFIED
For contractors, insurance isn't just about protection—it's about compliance and getting hired. Most commercial and residential clients won't let you walk onto a job site without a "COI" (Certificate of Insurance).
What Happens If You Work Without Insurance?
Working uninsured is a massive risk. You face:
- Contract Rejection: Large developers and savvy homeowners will skip your bid.
- Personal Liability: You are personally responsible for any damage your team or tools cause to a client's home.
- State Fines: States like CA and NY have strict mandates for contractors.
Contractor Cost Estimates
General contractors usually spend $2,500 - $8,000/year. Get a specific estimate for your trade below.
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About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.