Contractor Insurance Cost Estimator
Estimate your annual insurance costs for general liability, workers comp, commercial auto, surety bond, and tools coverage. Tailored to Florida contractor requirements.
$500,000
General Liability
$450/mo
Workers Comp
$557/mo
Commercial Auto
$130/mo
Surety Bond ($5K)
$6/mo
Tools & Equipment
$50/mo
$1,193/mo
Estimates only — actual premiums depend on claims history, specific coverage limits, deductibles, and insurer. Contact a licensed insurance agent for exact quotes.
FL Contractor Insurance Requirements
Required Coverage
Florida law requires all licensed contractors to maintain general liability insurance. Workers compensation is mandatory if you have employees (even one). Certified General Contractors must also carry a surety bond. Commercial auto insurance is required for any vehicles used in business operations.
Cost Factors
Insurance costs are influenced by trade type (roofing costs 2-3x more than HVAC), annual revenue, number of employees, years in business, and claims history. Experienced contractors with clean records qualify for lower "experience modification" rates. Higher deductibles can also reduce premiums.
Types of Contractor Insurance
General Liability (GL) protects against third-party bodily injury and property damage claims. Workers Compensation (WC) covers employee injuries on the job — rates are based on payroll and class codes. Commercial Auto covers vehicles used for business. Surety Bonds guarantee compliance with FL licensing laws. Tools & Equipment (inland marine) covers theft or damage to your tools. Additionally, many contractors carry Builder's Risk insurance on active projects and Umbrella policies for additional liability coverage.
Frequently Asked Questions
Study Insurance Topics for the Exam
Insurance questions appear on Part 1 (Business & Finance) of the FL contractor exam. Practice for free.
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Try free FL General Contractor practice questions covering Business & Finance, Contract Administration, and Project Management.
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Explore More
Markup vs Margin Calculator
Understand the difference between markup and profit margin
Construction Bid Calculator
Build professional bids with labor, materials, overhead & profit
Contractor Hourly Rate Calculator
Calculate your billable hourly rate with burden, overhead & profit
Surety Bond Calculator
Calculate surety bond premium costs for Florida contractors