Insurance for concrete contractors
Concrete contractors face unique risks on the job, from property damage to worker injuries. Having the right insurance is essential to protect your business from legal trouble and financial loss. Without it, the costs of accidents or equipment theft can quickly add up, putting your business at risk.
Choose the right coverage from trusted insurance providers.
Why Do Concrete Contractors Need Insurance Coverage?
From my time working on site, I’ve seen how a simple pour gone wrong can leave a customer with damaged property and a concrete contractor facing serious legal trouble. Without the right insurance in place, your business could fall into debt just trying to cover fees, medical payments, and the cost of replacing stolen equipment.
I always tell new contractors that protecting against financial losses isn’t optional; it’s essential. The risks are real, and proper coverage makes sure you’re not buried when things go south.
What Types of Insurance Do Concrete Contractors Need?
Concrete work involves unique risks. General liability covers accidents, tools insurance protects your gear, and workers’ comp is vital for teams. The right policies help avoid setbacks and keep projects running smoothly.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Car accident repair costs
Vandalism and theft
Weather damage
General liability insurance
This policy covers basic liabilities for auto service businesses, protecting against dealer risks like customer injury at a repair shop. To maximize savings, businesses can bundle it with property insurance or a business owner’s policy for broader coverage.
Under this plan
Customer injuries at a repair shop
Accidental vehicle damage
Slander and advertising injuries
Workers’ compensation insurance
Workers’ comp is required for auto shops in almost every state to cover employee injuries and related costs. It protects both employees and sole proprietors by handling work injury costs that health insurance might deny.
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits
Tools and Equipment Protection Plan
Contractor’s tools and equipment insurance helps protect your construction gear no matter where you go. This policy keeps your tools and equipment safe while you’re moving them (in transit) or using them at a jobsite. To qualify, your items usually need to be valued under $10,000.
Under this plan
Equipment less than five years old
Mobile equipment
Small toolsa
Professional Liability Protection Plan
Professional liability insurance for contractors, also known as errors and omissions insurance, protects against financial losses when a construction mistake or oversight causes a lawsuit. This policy is key for handling claims related to your work and promises made to clients.
Under this plan
Accusations of negligence
Failure to complete construction
Failure to use promised materials
How Much Does Insurance Cost for Concrete Businesses?
The cost of insurance for concrete businesses depends on many things. In my experience, a small business with fewer workers usually pays less, especially if it offers limited services. But when you add more business property and equipment, your insurance cost increases. The kind of coverage you choose, including limits and deductibles, also matters. If your income is higher, your rates may go up too every detail plays a role in the final price.
How to Get Insurance for Your Concrete Business
Getting business insurance as a concrete contractor is simple if you have your company’s info ready. From my experience, you’ll just need to share details like your revenue and how many people you employ.
With Eagle Nation, it’s done in three quick steps fill out a free online form, compare insurance quotes, and then purchase the best policy that fits your needs. Once done, you’ll receive a certificate of insurance, giving your business solid coverage whether you’re a solo contractor, subcontractor, or an employer with a team.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
FAQ's about Insurance for concrete contractors
Whether or not concrete contractors need a license, bond, or permit depends on state, county, and city rules. In many cases, you might need a special concrete license, or it could be part of a general contractor license. When applying, you may also have to get general liability insurance or a surety bond.
Even if it's not required by law, some clients prefer contractors who are bonded and insured, as it adds credibility. For bigger jobs, a permit is usually necessary, so always check your local government regulations to be sure.
While general liability and workers' compensation provide essential protection, they don't cover every risk. Concrete contractors should consider additional insurance options for full coverage and peace of mind.
Cyber Insurance
Cyber insurance is essential for any concrete contractor that stores customer data. It helps recover from cyberattacks and data breaches, which can lead to serious financial damage.
Contractors Pollution Liability (CPL) Insurance
This covers legal costs if your work causes pollution, such as construction run-off contaminating a nearby stream. It’s especially helpful for jobs near water or sensitive areas.
Commercial Property Insurance
Commercial property insurance protects your business location and physical assets like tools, computers, and furnishings from fires, storms, or burglaries.
Business Personal Property (BPP) Coverage
BPP coverage can be added to your liability policy. It covers business property kept at a fixed jobsite or rented space, even if you don’t own a building.
Inland Marine Insurance
When your tools and materials are in transit or on job sites, inland marine insurance steps in. It includes:
- Contractor's tools and equipment insurance
- Installation floater insurance (for materials waiting to be installed)
Commercial Umbrella Insurance
If your general liability, commercial auto, or employer’s liability insurance reaches its claim limit, commercial umbrella insurance provides extra coverage.
Builder’s Risk Insurance
Also known as course of construction insurance, builder’s risk helps cover damage to structures in progress and construction materials on-site.
Mobile Equipment Endorsement
Standard auto policies don’t cover construction machinery like cement mixers, concrete pumps, or backhoes. A mobile equipment endorsement is necessary to ensure these essential tools.
Concrete contractors can save money on insurance by comparing quotes from multiple companies. With Eagle Nation, you can get free quotes from top-rated carriers by filling out one simple application. Below are a few more ways to lower your premium:
1. Bundle Your Policies
Consider a Business Owner’s Policy (BOP), which combines general liability and property insurance. This is often cheaper for low-risk businesses.
2. Customize Your Coverage
You can reduce costs by choosing lower limits, setting a higher deductible, or adjusting other coverage options.
3. Focus on Jobsite Safety
Fewer accidents lead to fewer liability claims. A safer work environment often means lower insurance rates.
Top construction contractors we insure
Don't see your profession? Don't worry.
We insure most businesses.
"This insurance saved my business when a worker got injured on-site. The workers' comp and general liability coverage made a huge difference. Highly recommend it!"