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Flooring Contractor Insurance: Quotes From $11/month

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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If you are in the flooring business, you know all too well that while it can be a rewarding trade, it is equally challenging. On every project, you have a chance of leaving your customers feeling jubilant over their newly fitted flooring. And so, your work calls for skilled professionalism, detailed planning, and execution to the tee.

But even with the aforementioned, mistakes do inevitably happen. All it takes is one accident, and you could literally be on your knees financially. So just like masonry contractors, fence contractors, and other contractors, it’s important to get insured.

Flooring contractor insurance is a requirement for working with confidence and peace of mind. As you do the groundwork, level the surface, work on the underlay or embark on the primary prep before commencing the project, this flooring installers insurance covers your business, thus ensuring you can give your all to the project.

Note that flooring installer insurance is not one policy. It is, in fact, a package of insurance policies.  Let's take a closer look at each of the different policies you will need as part of your flooring contractors' insurance package. 

Flooring Contractor Liability Insurance


CoverWalletNEXT (Best)ThimbleHiscox
Per occurrence limit$1,000,000$300,000/$1,000,000$1,000,000/$2,000,000$300,000/$2,000,000
Aggregate limit$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000
Products and completed operations aggregate limit$2,000,000
$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit$1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit$1,000,000
$100,000$5,000$100,000
Waiver of subrogation included?YesNoIncludedCan be included
Hired/non-owned auto liability coverage included?YesNoExcludedCan be included
Equipment breakdown floater included?NoYesYesCan be included
Can you get a certificate of insurance online?YesYesYesYes
Name additional insureds?YesYes
YesYes
Deductible$0$0$0$0


Working with tools and equipment in people's homes or commercial property means a high risk of liability.

A must-have on your flooring installers liability insurance package is a general liability policy. This provides protection from third-party claims, including those of property damage or bodily injury.

Consider this. Suppose you are contracted to install new carpeting throughout a home. At the end of the project, there's a tack strip that's exposed, but unfortunately, it goes unnoticed. What if, days later, the client's toddler trips over the exposed tack strip, gets a cut, and needs to be rushed to the emergency room?

Here’s another example. Let’s say you’re installing a flooring. You asked an employee to bring the tiles over. As the employee returns with the tiles, he stumbles over something. As a result, the tiles fell and some got damaged.

In these scenarios, you can be held liable. Clients can approach a lawyer who’ll then file a costly legal action against you.

Fortunately, with general liability coverage, you can continue with your normal operations as the policy covers the cost of:

  • Settling and defending claims

  • Compensation for medical treatment, pain, and suffering

  • Reimbursement for property damage

  • Court judgments

Use the table above to compare the general liability insurance of companies we recommend.

Just like window installation contractors, cabinet contractors, and paving contractors, it’s possible for your general liability insurance to have these coverages as optional or automatic add-ons:

  • Products and completed operations coverage

  • Rented premises liability coverage

  • Hired/non-owned auto liability coverage

  • Tools and equipment coverage


Professional Liability Insurance for Flooring Contractors


CoverWalletNEXTThimble (Best)Hiscox
Per occurrence limit$1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000
Aggregate limit$2,000,000$2,000,000$1,000,000/$2,000,000$1,000,000
Name additional insureds?YesYesYesYes
Waiver of subrogation included?YesNoYesCan be included
Deductible$500$500$500$50/$10,000


Other than a general liability policy that also found in drywall installation insurance programs, you are going to need professional liability insurance.

Here's the thing. Floor installation is an intricate task just like drywall installation and siding installation. Even the most organized flooring companies are still susceptible to human error. That said, it’s highly likely for your small business to commit issues to the client’s detriment.

Rather than leave yourself exposed to potential claims, you want to arm yourself with professional liability insurance. Here are some cases where professional liability insurance becomes useful:

  • Your business unintentionally installed the wrong flooring. For example, using red oak instead of white oak

  • There were measurement errors. As a result, the flooring is crooked, not place neatly, or has ugly gaps

Also sold as an errors and omissions (E&O) policy or professional indemnity coverage, this covers the following:

  • Alleged negligence

  • Breach of duty arising from an act, error, or omission in the performance of contractual duties

  • Inaccurate advice

  • Violation of good faith

  • Violation of fair dealing

  • Breach of confidentiality

So what costs does professional liability insurance for flooring contractors take care of? It pays for:

  • Court judgments and awards

  • Defense costs

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Tools and Equipment Coverage for Flooring Contractors


NEXT (Best)ThimbleHiscox
Aggregate limit$5,000/$10,000$2,500/$5,000$5,000/$25,000
Covers hired and borrowed equipment?$5,000/$10,000$2,500/$5,000No
Miscellaneous equipment also covered?$5,000/$10,000NoNo
Offered as an endorsement to general liability insurance?YesYesYes
Deductible$500$500$0

It would be difficult to cut, shape, and install wood planks, tile, or other flooring materials without your tools. You want to protect your tools and equipment as without these, it would be near impossible to dispense your services. Besides, these tools and equipment don't come cheap. They’re quite the investment.

That's why you ought to get tools and equipment coverage. The latter covers the cost of repair or replacement, ensuring that you have minimal downtime. For example, if you left your tools and equipment at a particular job site and these get stolen, tools and equipment insurance can cover the cost of replacing the items lost.

Consider adding on inland marine insurance, to your tools and equipment coverage. This policy covers your tools and equipment while you are on the move. For example, if someone breaks into your tool trailer while it’s left in a fast food parking lot, inland marine insurance can take care of the resulting losses.


Commercial Property Insurance for Flooring Contractors


CoverWalletNEXT (Best)HiscoxThimble
Building coverage limit (minimum)$50,000$100,000$25,000$25,000/$500,000
Contents coverage limit (minimum)$50,000$16,000$25,000$25,000/$500,000
Outdoor signsExcluded$2,500ExcludedExcluded
Accounts receivableExcludedExcludedIncluded$5,000/$10,000
Money and securitiesExcluded$2,500Included$1,000
Lock and keysExcluded$2,500ExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcluded
Inland marine insurance floaterExcludedExcludedExcluded$10,000
Employee dishonesty floaterExcluded$5,000Included$2,500

Suppose an electrical spark starts a fire that damages not only your warehouse or office but also your inventory, having a commercial property insurance policy would cover the loss.

Particularly, this covers the value of your business's property from covered perils, including extreme weather, vandalism, and fires, among others.

Note that while the primary job of this business insurance for flooring contractors is to cover the building, it can also help you if valuable papers and records, accounts receivable, furniture, computer, tools and equipment, and other valuables get damaged or lost while in the business premises.

Use the table above to compare the commercial property insurance of companies we recommend for flooring contractors.


Business Owner’s Policy for Flooring Contractors


CoverWalletThimbleNEXT (Best)Hiscox
General liability aggregate limit$2,000,000$2,000,000$2,000,000$300,000/$2,000,000
Commercial property coverage limit$50,000$500,000$100,000$25,000
Optional policies can be added?YesYesYesYes
Name additional insureds for free?YesYesYesYes
BOP discount?YesYesYesYes


Flooring insurance programs for contractors might offer a business owner’s policy. If you have one, then don’t hesitate to get it. A business owner’s policy is a combination of general liability and commercial property insurance. It grants coverage for the unexpected costs if your business is sued and when your business property gets damaged.

Since a business owner’s policy is a two-in-one insurance product, it allows you to save money on premiums. You’ll also find it easier to manage.

Use the table above to compare the business owner’s policy of companies we recommend.


Builders Risk Insurance for Flooring Contractors

A flooring project, no matter how big or small, is a construction project that you can insure with builders risk insurance.

Why get builders risk insurance anyway? Before completion, your flooring project and its materials can get damaged. In such an event, builders' risk insurance will cover the resulting losses and reimburse the value of damaged materials.

You must understand that builders risk insurance only covers these perils:

  • Explosions

  • Weather

  • Impact

  • Human errors

  • Theft

  • Vandalism

Workers Compensation Insurance for Flooring Contractors

Employees working with hand tools and sharp objects, including nails and saws, are susceptible to cuts, piercings, and, in worst-case scenarios, accidental amputations. On the other hand, lifting heavy equipment and flooring material could cause back injuries, hernias, strains, and sprains. Besides, working at the floor level for hours on end could result in significant damage to the knees.

Evidently, as a flooring contractor with people in your employment, you stand the risk of being held liable for small to serious injuries. Other than the latter, you are expected to cater to the costs arising from occupational diseases arising from exposure to noise, dust, and flooring chemicals.

That's where your workers' compensation policy comes in. This covers the following when employees gets injured or sick because of work:

  • Medical treatments, including the cost of doctor's appointments, hospital and emergency room visits, medication, therapy, and rehabilitation, and recovery equipment

  • Disability benefits

  • Death benefits and funeral services

Consider having your worker's compensation policy include an employer's liability coverage. The latter caters to all arising costs in the event that an employee sues your flooring business following a work-related injury.


Commercial Auto Insurance for Flooring Contractors

As a flooring contractor, chances are you use box trucks or vans to transport materials, equipment, and employees to worksites. This exposes your business to various auto exposures.

Consider this. Suppose you fail to secure your load properly, or there's an accident. The commercial auto policy steps in paying the costs arising from any damages caused by your commercial vehicle.

Overall, a commercial auto policy covers the following:

  • Property damage from an accident

  • Medical costs from an accident

  • Vehicle vandalism and theft

Umbrella Liability Coverage for Flooring Contractors

Umbrella or excess liability coverage increases your protection in the event that a claim exceeds what's stipulated within your general liability, commercial auto insurance, and professional liability insurance. Having excess liability insurance ensures that your business can cover the cost of claims, no matter how costly, without a lot of losses.


Carpet Installer Insurance

As a carpet installer, your primary job is to make your clients happy. You are expected to install the new carpeting as desired, in the least amount of time and with the minimum of mess and disturbance.

But, the nature of this business puts you at risk of having a claim brought against you. For starters, you could end up with a disgruntled customer or cause property damage as you move about the property. Besides, the job is rather strenuous, requiring heavy lifting, which could take a toll on your health.

As such, among the most important considerations, you ought to get carpet installers insurance. The latter is specialty insurance that helps cushion your business from the unique risks you face in the carpet installer landscape. The consequence is that you are better able to concentrate on doing the best for your clients.

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Flooring Contractor Insurance Cost


Cost per MonthCost per YearDeductible
General liability insurance$58$696$0-$500
Professional liability insurance$65$780$500-$1,000
Commercial property insurance$69$828$1,000-$2,500
Business owner’s policy$127$1,524$500-$1,000
Commercial auto insurance$95$1,140$1,000-$1,500
Workers compensation insurance$105$1,260$2,000-$5,000
Tools and equipment insuranceCost usually added to general liability insuranceCost usually added to general liability insurance$500
Surety bonds1%-15% of the bond amount1%-15% of the bond amount$10,000
Builder’s risk insurance1%-5% of the project’s cost1%-5% of the project’s cost$1,500


The average flooring installers insurance cost is $60 per month or $720 per year for a $1 million general liability insurance. Note that different factors affect the flooring contractor insurance cost such as:

  • Value of business property and equipment

  • Business income

  • Type and amount of coverage purchased

  • Policy limits

  • Deductibles

  • Flooring services offered

  • Location of the business


Take a look at this table that shows how much the best flooring contractor insurance companies charge for their $1 million general liability policy:


Cost per MonthCost per YearBest for
NEXT$41.67$500.04Best overall; Fastest general liability insurance for flooring contractors
CoverWallet$43$516Flooring contractor insurance quotes comparison online
Tivly$45$540Comparing floor contractor insurance quotes over the phone
Thimble$47$564On-demand flooring insurance coverage
Hiscox$49$588Flooring contractor insurance with automatic policy renewal
State Farm$53$636Small-time flooring contractors

Compare Cheap Flooring Contractor Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Flooring Contractor Insurance Companies

To get the best coverage, you ought to work with the best flooring installers insurance companies. We’ve gathered info and made some reviews of the best choices, as discussed below. Read to know their pros, cons, and cost of a $1 million general liability policy:

 

NEXT Flooring Contractor Insurance

Pros

  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance for flooring contractors

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more insurance policies and get a 10% discount

Cons

  • Couldn’t find any

NEXT could be considered a new player in the flooring contractor insurance niche. With this company, you can easily get covered, send certificates of insurance to clients, and manage your coverage. 

Coverage starts at $41.67 per month or $500 annually for a basic package. However, we suggest you invest more in premiums and go for a deluxe coverage that offers the following:

  • Commercial auto with a combined single limit of $85,000

  • General liability coverage with a per-occurrence limit of $300,000-$1 million

  • Tolls and equipment coverage with a per-occurrence limit of $5,000

  • Commercial property coverage with a per-occurrence limit of $25,000

 

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

Average cost: $41.67 per month 

Our rating: 10/10


CoverWallet Flooring Contractor  Insurance

Pros

  • Compare flooring contractor insurance quotes online 

  • Easy online policy management

  • Name landlord or clients as additional insureds

  • Cancel a coverage anytime with no charges

Cons

  • Not an insurance company but an insurance broker 

CoverWallet is an insurance broker. It works with many insurance companies to give you the right coverage. That said, the quotes you get from this company can have different features. Here are some policies you can get from CoverWallet:

  • $1 million-$2 million general liability insurance

  • $50,000 commercial property insurance

  • Business owner’s policy with a $1 million general liability coverage and $50,000 commercial property coverage


Best for: Flooring contractor insurance quotes comparison online

Average cost: $43 per month

Our rating: 10/10


Tivly Flooring Contractor Insurance

Pros

  • Call and compare flooring contractor insurance quotes over the phone

  • Responsive customer service

  • A partner of many reputable insurance companies

Cons

  • You need to call to get a quote 

Tivly (formerly CommercialInsurance.NET) is an insurance company that works with The Hartford, Gallagher, Liberty Mutual, Progressive, and other companies to cover flooring contractors. Policies you can get are general liability, professional liability, builders risk, commercial property insurance, and more. Call Tivly now and compare flooring contractor insurance quotes over the phone. 

Best for: Comparing floor contractor insurance quotes over the phone

Average cost: $45 per month

Our rating: 10/10


Thimble Flooring Contractor Insurance

Pros

  • On-demand coverage

  • Hired/non-owned auto liability coverage available as an optional add-on to business owner’s policy

  • Sells short-term general liability insurance

Cons

  • You can’t reach customer service by calling 

Thimble calls its coverage for flooring contractors “flooring insurance”. Policies you can get are general liability insurance, workers compensation insurance, and a business owner’s policy. Here are their features:

  • $1 million-$2 million general liability insurance with an optional $1 million-$2 million professional liability insurance, cyber liability insurance, and business equipment coverage

  • Business owner’s policy having a $1 million-$2 million general liability coverage, $25,000-$500,000 commercial property coverage. Optional policies can be also added such as hired/non-owned auto liability coverage and cyber liability insurance


Best for: On-demand flooring insurance coverage

Average cost: $47 per month

Our rating: 9/10


Hiscox Flooring Contractor Insurance

Pros

  • Sells the short-term general liability policy of Thimble

  • Worldwide coverage

  • Automatic policy renewal

  • 14-day money-back guarantee

Cons

  • Has a lot of customer complaints 

Hiscox covers you through its “floor covering” business insurance. This only offers a general liability policy online. Commercial auto, workers compensation, commercial property, and other business insurance policies are available if you call an agent. 

Your online general liability insurance quote from this company has a $300,000-$2 million per occurrence and aggregate limit. Policies, such as business equipment coverage, hired/non-owned auto coverage, and others, can be added as upgrades. 

Best for: Flooring contractor insurance with automatic policy renewal

Average cost: $49 per month

Our rating: 9/10


State Farm Flooring Contractor Insurance

Pros

  • Local agents that help you get a solid footing on coverage customization

  • A wide array of coverage options available

  • Professional liability insurance can be added to a business owner's policy

  • Retirement savings and benefits provision made available

Cons

  • You cannot purchase a policy or even get a quote without talking to an agent

  • Limited online capabilities

Since 1935, State Farm has been offering small flooring contractor insurance that includes an array of coverage options. If you prefer getting covered with assistance, then State Farm is the insurer for you. However, this can be quite detrimental as the carrier has very limited online capabilities.

State Farm's flooring contractor offering includes:

  • Business property coverage

  • Business liability coverage

  • Mobile equipment coverage

  • Installation floaters

 

Optional add-ons include:

  • Commercial auto insurance

  • Commercial liability umbrella policy

  • Workers' compensation policy

  • Business services bond 

 

To get a quote, you are advised to get in contact with an agent who'll walk you through the quote process.

Best for: Small flooring contracting businesses

Average cost: $53 per month 

Our rating: 9/10


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