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Carpenter Insurance & Joiners Insurance

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Carpentry is one of the best-paid trades in the United States, and it’s also one of the least dangerous. Unlike being an electrician or a roofer, you likely won’t end up in a situation where your life’s on the line unless something goes severely wrong when you’re working as a carpenter.

However, just because there are fewer risks involved on the job, it doesn’t mean that business insurance can’t come in handy when you’re working as a carpenter. Over the course of this guide, we’re going to take a look at carpenter insurance, including the various types and how much does carpenter insurance cost.

Like with any trade, carpentry insurance may seem pretty complicated due to the sheer variety of policies and coverage types available, so we’re going to make it easy for you to decide on the right option for your business needs. Let’s dive right into the deep end by looking at the various kinds of business insurance for carpenters.

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Types of Insurance for Carpenters

The best kind of carpenters' and carpentry business insurance depends on exactly what you want it to be covered from. We’re going to explore some of the main types of carpentry insurance, including general liability insurance, professional indemnity insurance, and public liability insurance.

Carpenter Liability Insurance: General Liability Insurance for Carpenters

Carpenter general liability insurance is one of the most common types of insurance for carpenters, and it’s designed to cover carpenters in case of equally common occurrences. For example, this kind of coverage will cover you in case of a claim involving property damage caused by your services.

Due to the potential for property damage during any carpentry job, it’s usually a good idea to get general liability coverage. Along with property damage, this kind of insurance will also cover you in case of bodily injury, which may be rare, but it can be expensive when it does occur.

Professional Indemnity Insurance for Carpenters

Professional indemnity coverage is also often referred to as PI insurance, and it is designed to cover you in case of legal expenses when you have to defend yourself in court. It will also cover you in case you lose your court case and you’re held liable for costs or damages at the end of the case.

In most cases, this covers you when you are accused of providing a client with wrong or even inadequate advice when you’re working for them. However, this can also extend to designs and services that you provide to your client, especially if it causes your client to lose money.

Public Liability Insurance for Carpenters

Public liability insurance is similar in practice to standard liability insurance, though it doesn’t cover the carpenter or the people working for a carpentry business. Instead, this form of coverage is designed to protect members of the public who visit property belonging to your business, so it only really applies if you have a physical place of work.

Much like general liability insurance, this kind of coverage is designed to protect you from claims stemming from injuries or even death at your place of business.

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Carpentry Business Insurance

If you’re working as a self-employed carpenter, then getting business insurance shouldn’t be quite so complicated as long as you ensure that you have public liability coverage as well as professional indemnity coverage. While much of this is the same for carpentry businesses, there are a few extra things that you’ll have to account for.

For example, if you run a general contracting business that employs carpenters, then you may wish to get a more varied form of carpenters business insurance that will cover all of the jobs that your workers perform. General contractor insurance tends to be a little more expensive but it ensures that you won’t need to get your hands on countless different kinds of coverage.


Joiners Insurance

Joiners insurance, which is also commonly referred to as joinery insurance, as the name suggests, it covers joiners from being liable in many of the same situations that carpenters are covered from. Once again, one of the most common forms of insurance for joinery businesses is public liability insurance.

In most cases, policies will protect joiners and joinery businesses from a certain amount of financial loss as well as public and employers’ liability insurance, up to a limit of multiple million dollars. Some policies will also provide coverage for accidental death as well as tools coverage, in case tools are lost, damaged, or stolen.


Carpenter Insurance Cost

Now that you know what you need to know about the various types of carpenters insurance policies, let’s take a closer look at how much is insurance for a carpenter for each of them. Keep in mind that these are only estimates based on the average carpentry business insurance cost. 

Rates always vary depending on your specific business. Plenty of factors go into determining how much you’ll pay for your carpenter insurance, including whether you operate independently or you’re insuring a business that employs multiple carpenters. Your workplace safety record will also immensely affect how much you can expect to pay.

Policy typeCost per monthCost per year
General liability insurance$53$620
Professional indemnity insurance$85$1,002
Public liability insurance$60$714

Picking the Right Carpenters Insurance Company

When shopping around for carpenters insurance services, you’ll want to be sure that you take it slow. Rushing a big financial decision like this one can either leave you with sub-optimal coverage or you can simply end up paying too much for the coverage that you’re getting, and you’ll have a lot of time to regret making the wrong choice.

Start by getting quotes from various carpenters insurance companies to compare and contrast what kind of coverage limits they’re offering you as well as any extras they’ve thrown in. Keep in mind that this may not be quite as straightforward as looking at the prices, since there may be different coverage limits and options that help increase the value of a particular policy.

To get started with your carpenters insurance quotes comparison right away, simply click the 'Get Quotes' button, follow the simple process and receive cheap online quotes from some of the best carpenters insurance companies in America, so you can select the best coverage for your carpentry business needs!

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