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Demolition Contractor Insurance: Cost & Quotes From $30/mo

Table of contents
1. General Liability Insurance for Demolition Contractors1.1. Coverage Limits of General Liability Insurance for Demolition Contractors1.2. Add-Ons to General Liability Insurance for Demolition Contractors1.3. Are Subcontractors Included in the General Liability Insurance Policy?1.4. Professional Liability Insurance for Demolition Contractors1.5. Coverage Limits of Professional Liability Insurance for Demolition Contractors1.6. Is Professional Liability Insurance for Demolition Contractors Necessary?2. Public Liability Insurance for Demolition Contractors2.1. Coverage Limits of Public Liability Insurance for Demolition Contractors2.2. Add-Ons to Public Liability Insurance for Demolition Contractors2.3. Does the Law Require Public Liability Insurance for Your Demolition Business?3. Commercial Property Insurance for Demolition Contractors3.1. Coverage Limits of Commercial Property Insurance for Demolition Contractors 3.2. Add-Ons to Commercial Property Insurance for Demolition Contractors3.3. Can Commercial Property Insurance Provide Coverage for Theft or Vandalism of Equipment or Tools?4. Business Owner’s Policy for Demolition Contractors4.1. Coverage Limits of Business Owner’s Policy for Demolition Contractors 4.2. Add-Ons to Business Owner’s Policy for Demolition Contractors4.3. What is the Difference Between a BOP and General Liability Insurance?5. Tools and Equipment Insurance for Demolition Contractors5.1. Coverage Limits of Tools and Equipment Insurance for Demolition Contractors5.2. Add-Ons to Tools and Equipment Insurance for Demolition Contractors5.3. Are All Tools and Equipment Covered Under Your Policy?6. Commercial Auto Insurance for Demolition Contractors6.1. Coverage Limits and Add-Ons to  Commercial Auto Insurance for Demolition Contractors 6.2. Which Type of Vehicles Will Your Commercial Auto Insurance Cover?6.3. Do You Need Commercial Auto Insurance as a Demolition Contractor?7. Workers’ Compensation Insurance for Demolition Contractors7.1. Add-Ons to Workers Compensation Insurance for Demolition Contractors8. Umbrella Insurance for Demolition Contractors9. Debris and Cleanup Insurance for Demolition Contractors 9.1. Coverage Limits of Debris and Cleanup Insurance for Demolition Contractors 9.2. Can You Include Debris and Cleanup Insurance as an Add-on in Another Insurance Cover?9.3. Will Your Debris and Cleanup Insurance Cover Environmental Cleanup Costs?10. Demolition Contractor Insurance Cost11. Best Demolition Contractor Insurance Companies11.1. NEXT Demolition Contractor Insurance 11.1.1. Pros11.1.2. Cons11.2. CoverWallet Demolition Contractor Insurance 11.2.1. Pros11.2.2. Cons11.3. The Hartford Demolition Contractor Insurance 11.3.1. Pros11.3.2. Cons11.4. Tivly Demolition Contractor Insurance 11.4.1. Pros11.4.2. Cons11.5. Thimble Demolition Contractor Insurance 11.5.1. Pros11.5.2. Cons11.6. Hiscox Demolition Contractor Insurance 11.6.1. Pros11.6.2. Cons

Demolition is sometimes required before construction can begin. The demolition process can pose multiple hazards to neighboring structures and people. Demolition contractor insurance is a helpful tool. You can leverage this to solve liability claims. Boosting income is another function. Finally, demolition contractor insurance might be a requirement if you’re planning a startup demolition company. Let’s dive in to know what policies are included, the cost of premiums, and the best companies.

General Liability Insurance for Demolition Contractors


CoverWallet NEXT (Best)ThimbleHiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Aggregate limit $2,000,000$2,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit $2,000,000

$1,000,000$2,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$2,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit 
$300,000/$1,000,000
$300,000$100,000$100,000$1,000,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoNoCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYes
YesYesYes
Deductible$0$0$0$0$0


During the demolition process, accidents may happen. These accidents can cause injuries to your employees or other people. They can also damage surrounding property. Since demolition is classified as a very hazardous process, you need to have general liability insurance that will cover the following incidents:

  •  Property damage

  • Bodily injury

  • Medical expenses

  • Advertising injuries


Coverage Limits of General Liability Insurance for Demolition Contractors

Most insurance providers will offer your business a coverage limit of up to $2,000,000. You need to assess your risks and discuss with your insurance provider the best coverage limit for your business needs.


Add-Ons to General Liability Insurance for Demolition Contractors

Most insurers will offer additional coverage options for a more comprehensive cover. If you want to insure specific risks that the standard general liability does not cover, you can include the following add-ons:

  • Contractor equipment coverage—Covers damage or loss of tools and equipment used in the demolition process

  • Cyber liability coverage—Protects you against data breaches and cyber attacks that may compromise sensitive information

  • Pollution liability coverage—Covers damages caused by pollution or contamination resulting from the demolition process


Are Subcontractors Included in the General Liability Insurance Policy?

Most insurance providers will even cover subcontractors in the demolition insurance policy. But discussing with your insurer and learning more about their policy is always important.


Professional Liability Insurance for Demolition Contractors


CoverWallet NEXTThimble (Best)HiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000$1,000,000
Aggregate limit $2,000,000$2,000,000$1,000,000/$2,000,000$1,000,000$2,000,000
Name additional insureds?YesYesYesYesYes
Waiver of subrogation included?YesNoYesCan be includedNo


The process requires a contractor to make intelligent decisions to avoid harming people and destroying properties. But errors and omissions may happen, leading to accidents. For demolition contractors, professional liability insurance will cover damages resulting from errors or omissions. This type of demolition liability insurance can help in the following incidents:

  • A contractor may fail to inspect the building properly before starting demolition; the negligence can result in property damages. The insurance will cover the costs of repairs

  • A contractor may make an error when demolishing a building, leading to bystander injuries


Coverage Limits of Professional Liability Insurance for Demolition Contractors

The coverage limits will vary depending on your business. Most insurance providers will offer you a coverage of $100,000-$1,000,000.


Is Professional Liability Insurance for Demolition Contractors Necessary?

This demolition insurance policy is not compulsory. But you will pay high legal fees and settlements if a customer sues you for negligence or errors. Thus, it is essential to be vigilant and cushion your business from such losses.


Public Liability Insurance for Demolition Contractors

When demolishing buildings, you can cause harm to bystanders or other members of the public. You can also damage nearby buildings. This is where public liability insurance for demolition contractors comes in. The insurance will cover all damages to third-parties. Some of the situations where public liability insurance may be helpful include:

  • Debris from your demolition site damages nearby vehicles or buildings

  • Bystanders or pedestrians are injured by falling debris

  • Your demolition work damages surrounding utility lines, damaging third-party properties


This type of demolition liability insurance will cover settlements, damages, and legal fees. It safeguards your business from potential financial losses.


Coverage Limits of Public Liability Insurance for Demolition Contractors

The coverage limits range from $100,000-$1,000,000. Higher limits are available if you talk with the insurance company


Add-Ons to Public Liability Insurance for Demolition Contractors

Since your business is exposed to multiple risks, you must have a comprehensive cover. Including add-ons on public liability insurance will offer your business extra protection. Some of the common add-ons include:

  • Pollution liability insurance—Covers damages resulting from environmental pollution caused by your business activities

  • Contractor's all-risk insurance—Covers damages to construction sites, materials, and equipment caused by natural disasters or accidents


Does the Law Require Public Liability Insurance for Your Demolition Business?

No, the insurance is not compulsory. But it would be best if you had it to protect your business from unexpected events.

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Commercial Property Insurance for Demolition Contractors


CoverWalletNEXT (Best)ThimbleHiscoxThe Hartford
Building coverage limit (minimum)$50,000$260,000$25,000/$500,000$25,000$60,000
Contents coverage limit (minimum)$50,000$22,000$25,000/$500,000$25,000$60,000
Outdoor signsExcluded$2,500ExcludedExcludedExcluded
Accounts receivable ExcludedExcluded$5,000/10,000IncludedExcluded
Money and securitiesExcluded$2,500$1,000IncludedExcluded
Lock and keys Excluded$2,500ExcludedExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedExcluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500IncludedExcluded


Commercial property insurance will cover every piece of equipment you require for demolition. The insurance will cover the repair and replacement costs of your buildings, vehicles, machinery, tools, inventory, and equipment. It will cover all your assets from unforeseen events such as:

  • Theft

  • Vandalism

  • Fire

  • Natural disasters


Coverage Limits of Commercial Property Insurance for Demolition Contractors 

The coverage limit for commercial property insurance can range from $100,000-$1,000,000. These amounts can be higher depending on the size of your business and covered risks.


Add-Ons to Commercial Property Insurance for Demolition Contractors

For a more comprehensive cover, include the following add-ons:

  • Flood insurance—Covers you the damages caused by floods, which are typically excluded from standard commercial property insurance policies

  • Earthquake insurance—Covers damages resulting from earthquakes, which may not be covered by standard policies

  • Inland marine insurance—Covers movable or transportable property, such as equipment and goods in transit


Can Commercial Property Insurance Provide Coverage for Theft or Vandalism of Equipment or Tools?

Yes, commercial property insurance can cover theft or vandalism of equipment or tools owned by the business.



Business Owner’s Policy for Demolition Contractors


CoverWalletThimble (Best)NEXT HiscoxThe Hartford
General liability aggregate limit $2,000,000$2,000,000$2,000,000$300,000$1,000,000/$2,000,000
Commercial property coverage limit $50,000$500,000$260,000$25,000$75,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


The business owner’s policy (BOP) has two policies, commercial property insurance and general liability insurance. Since it is a combination, it will cover all risks contained in each policy. It will cover the following:

  •  Property damage

  • Bodily injury

  • Advertising damages

  • Damage to business properties

  • Damage to inventory


Coverage Limits of Business Owner’s Policy for Demolition Contractors 

The coverage limit for the general liability coverage is $1 million-$2 million. On the other hand, the coverage limit for property coverage is $1 million-$5 million.


Add-Ons to Business Owner’s Policy for Demolition Contractors

Some common add-ons on the BOP include:

  • Customer property coverage—This covers liabilities for any damaged sustained by a customer’s property that’s under your care, custody, and control 

  • Employment practices liability insurance—Protects employers from claims of discrimination, harassment, or unlawful termination by employees or job applicants


What is the Difference Between a BOP and General Liability Insurance?

A BOP includes general liability insurance and property insurance in a single policy, whereas general liability insurance only covers liability risks.


Tools and Equipment Insurance for Demolition Contractors


NEXT ThimbleHiscoxThe Hartford
Aggregate limit$3,000/$10,000$2,500/$5,000$15,000/$25,000$5,000-$10,000
Covers hired and borrowed equipment?$3,000/$10,000$2,500/$5,000NoYes
Miscellaneous equipment also covered?$5,000/$10,000NoYesYes
Offered as an endorsement to general liability insurance?YesYesYesYes
Deductible$500$500$0$0


When operating a demolition business, you need various tools and equipment. These tools and equipment are integral to your business and can get damaged or stolen. The tools and equipment insurance will cover the repair and replacement costs. The policy covers the following perils:

  • Theft

  • Vandalism

  • Natural disasters

  • Fire


Coverage Limits of Tools and Equipment Insurance for Demolition Contractors

The coverage limit depends on the market value of your tools and equipment. The insurance company will offer total replacement and repair costs depending on the value of your items.


Add-Ons to Tools and Equipment Insurance for Demolition Contractors

If you feel the insurance policy does not comprehensively cover all perils, you can include additional coverage such as:

  • Coverage for high-value equipment

  • Coverage for leased equipment


Are All Tools and Equipment Covered Under Your Policy?

Not necessarily. Reviewing the policy carefully is essential to ensure that all essential tools and equipment are covered.


Commercial Auto Insurance for Demolition Contractors

As a demolition business, you need vehicles to carry your equipment. You can also use the vehicles for other purposes. Commercial auto insurance in the event your business vehicles get in an accident. This insurance policy covers all vehicles transporting debris and equipment to and from the job site. Some of the components of the insurance include:

  •  Liability coverage—Covers the medical expenses of third parties that your commercial auto injured in a vehicular accident

  • Collision coverage—Covers repair costs if your commercial auto crashed into another vehicle or an object

  • Comprehensive coverage—Covers repair expenses if your commercial auto got damaged due to fire, theft, vandalism, collision, and other covered perils 

  • Uninsured or underinsured motorist coverage—Grants coverage if you get involved in an accident and the driver at fault can’t pay damages because he or she is uninsured or underinsured

  • Personal injury protection (PIP) coverage—Covers the medical expenses of the passengers if your commercial gets involved in an auto accident

  • Hired or non-owned auto coverage—Covers the cost of accidents caused by a vehicle you hired or borrowed for business purposes

  • Rental reimbursement coverage—Reimburses the extra expenses you incurred after hiring a commercial auto because the one you own is at the shop


Coverage Limits and Add-Ons to  Commercial Auto Insurance for Demolition Contractors 

The commercial auto insurance coverage limit can be $2,000,000 or higher. Your insurer will provide you with their specified limit. You need to select one that can cover your business from potential risks.


Which Type of Vehicles Will Your Commercial Auto Insurance Cover?

The insurance will cover all types of business vehicles. They can include trucks, vans, trailers, or cars.


Do You Need Commercial Auto Insurance as a Demolition Contractor?

If you use vehicles for business, you will need commercial auto insurance to protect your business and assets.


Workers’ Compensation Insurance for Demolition Contractors

Workers' compensation insurance covers your employees in case of workplace illness or injury. This insurance will cover medical expenses and wage loss. It can also cover disability benefits and death benefits. For instance, if an employee is injured while demolishing a building, the insurance will cover all of the resulting expenses. 


Add-Ons to Workers Compensation Insurance for Demolition Contractors

Some common add-ons or endorsements to worker’s compensation insurance for demolition contractors may include:

  • Employer’s liability coverage—Provides your businesses with additional protection against lawsuits filed by employees who endure work-related injuries or illnesses

  • Occupational accident insurance—Covers injuries or disabilities resulting from on-the-job accidents that may not be covered by worker's compensation


Umbrella Insurance for Demolition Contractors

Umbrella insurance offers extra coverage beyond what other liability insurance policies will offer. It will cover claims exceeding your general liability or auto insurance limits. This policy is essential for covering large claims. It can also cover multiple claims, which may put you over the policy limit. 



Debris and Cleanup Insurance for Demolition Contractors 

Debris and cleanup insurance will pay for cleaning and removing debris from your insured property. For instance, if your insured business building is destroyed by a storm that leaves behind debris, the insurance will cover the cleaning costs.


Coverage Limits of Debris and Cleanup Insurance for Demolition Contractors 

Your insurer can compensate you from $10,000-$1,000,000. The limit will depend on how much debris needs to be cleaned up. 


Can You Include Debris and Cleanup Insurance as an Add-on in Another Insurance Cover?

Yes, you can include this insurance as an add-on. You can combine it with other covers such as property or general liability insurance.


Will Your Debris and Cleanup Insurance Cover Environmental Cleanup Costs?

Yes, the insurance policy will also cover environmental cleanup costs. But you need to discuss with your provider if there exist any limitations to the cover.

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Demolition Contractor Insurance Cost


Cost per MonthCost per YearDeductible
General liability insurance$120$1,440$0-$500
Professional liability insurance$127$1,524$500-$1,000
Commercial property insurance$140$1,680$1,000-$2,000
Business owner's policy$160$1,920$1,500
Tools and equipment insurance$190$2,280$500-$1,000
Commercial auto insurance$125$1,500$500-$1,000
Debris and cleanup insurance$122$1,464$500-$1,000
Umbrella insurance$129$1,548$500-$1,000
Workers comp insurance$165$1,980$2,500-$5,000


The average demolition contractor insurance cost is $120 per month or $1,440 per year for a $1 million general liability coverage. Factors that affect the cost of premiums are business size, business history,  experience, number of employees, revenues, policy limits, and deductibles. Here’s a table showing the cost of $1 million general liability insurance from the best demolition contractor insurance companies:


Cost per MonthCost per YearBest For
NEXT$75$900Best overall; Fastest general liability insurance for demolition contractors
CoverWallet$77$924Comparing demolition contractor insurance quotes online
The Hartford$80$960Demolition contractors who want to work with a reliable, experienced insurance carrier
Tivly$83$996Demolition contractors looking for affordable and customizable insurance coverage
Thimble$90$1,080Demolition contractors who want insurance coverage for project-based work
Hiscox$95$1,140Demolition contractor insurance with automatic policy renewal


Compare Cheap Demolition Contractor Insurance Quotes Online

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Best Demolition Contractor Insurance Companies

Here are the reputable insurance providers that offers the best demolition contractor insurance deals. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT Demolition Contractor Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for demolition contractors

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any 

NEXT is an online insurance company offering small businesses the best insurance policies. To cover your demolition business from unexpected risks, ensure you access their policies on their website. Their demolition contractor insurance application process is easy online.

Best for: Best overall; Fastest general liability insurance for demolition contractors 

Average cost: $75 per month 

Our rating: 10/10


CoverWallet Demolition Contractor Insurance

Pros

  • Easy-to-use virtual platform

  • Customizable policies

  • Great customer service

Cons

  • Not an insurance company but an insurance broker 

CoverWallet is a reputable insurance broker. This company offers multiple insurance policies from many insurers. They have a resourceful tool that allows you to compare different insurance providers. This company will enable you to get the best insurance deals for your demolition business.

Best for: Comparing demolition contractor insurance quotes online

Average cost: $77 per month 

Our rating: 10/10


The Hartford Demolition Contractor Insurance

Pros

  • Experienced underwriters

  • Customized coverage options

  • Multiple insurance policies

Cons

  • Limited add-ons 

The Hartford is a well-established insurer who has been in the market for many years. They offer multiple policies to small businesses. Whether you want general liability, commercial property insurance, or commercial auto insurance, they got you covered. They have excellent financial stability, thus offering the best security for businesses.

Best for: Demolition contractors who want to work with a reliable, experienced insurance carrier

Average cost: $80 per month 

Our rating: 10/10


Tivly Demolition Contractor Insurance

Pros

  • Affordable rates

  • Great customer service

  • Easy-to-use virtual platform

Cons

  • No online quotes 

This company offers insurance products for contractors. They have affordable prices and a virtual platform that is easy to navigate. If you are looking for the lowest premiums check on this company. Call now to compare quotes over the phone. 

Best for: Demolition contractors looking for affordable and customizable insurance coverage

Average cost: $83 per month 

Our rating: 10/10


Thimble Demolition Contractor Insurance

Pros

  •  Flexible coverage options

  • Numerous add-ons to general liability insurance

  • Easy-to-navigate website

Cons

  • You can’t reach customer service by calling 

Thimble is an insurance company that offers on-demand policies. You can get short-term or long-term insurance coverage. Their online platform makes it easy to apply and make claims. Moreover, this company’s liability coverages can be customized with add-ons such as HNOA coverage and customer property coverage. 

Best for: Demolition contractors who want insurance coverage for project-based work

Average cost: $90 per month

Our rating: 10/10


Hiscox Demolition Contractor Insurance

Pros

  • 24/7 claims filing

  • Easy customization of policies

  • 14-day refund

  • Worldwide coverage

Cons

  • Online quoting not available all the time due to periodic site maintenance

Hiscox is a renowned and established company that offers multiple policies. They offer coverage for many businesses, including demolition contractors. With their experienced underwriters, you can find a policy that cushions your business from financial losses.

Best for: Demolition contractor insurance with automatic policy renewal

Average cost: $95 per month 

Our rating: 9/10


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