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

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Contractor insurance is crucial in protecting professionals in Idaho from various risks and liabilities associated with their work. Understanding the insurance requirements and coverage options available is essential for contractors to safeguard their businesses and mitigate financial risks in the construction industry. In this article, we will explore the different types of contractor insurance in Idaho, coverage limits, specific situations where each insurance can provide protection, available add-ons, estimated costs, and reviews of the best insurance companies in the state for general contractors and other related businesses.

Idaho Contractor Insurance Requirements

Idaho contractors must comply with state-mandated insurance requirements. The purpose of these regulations is to ensure that contractors have adequate insurance coverage to safeguard their businesses, employees, and clients. To comply with state laws and mitigate any risks, contractors must comprehend and meet these requirements. Contractors can protect themselves from liability and keep their operations running smoothly by acquiring the appropriate insurance coverage. Let’s examine the primary Idaho contractor insurance requirements:

  • General liability insurance: Contractors in Idaho must carry general liability insurance. This insurance covers employment injuries and property damage. $300,000 in contractor liability insurance is required. There is protection for independent contractors against third-party claims for damages, medical expenses, and lost income.

  • Workers’ compensation insurance: Contractors in Idaho are required to hold worker’s compensation insurance to compensate for employee injuries and illnesses. Contractors are required to carry worker’s compensation insurance to cover medical costs and lost wages. Contractors in Idaho must carry worker’s compensation and employer liability insurance. Employer liability coverage must meet the requirements of $100,000/$100,000/$500,000. This insurance handles claims for worker injuries.

  • Professional liability insurance: Additionally, contractors in Idaho must carry professional liability insurance. Contractors are shielded from liability for carelessness or negligence. Contractors in Idaho are required to carry $1 million in professional liability insurance. This coverage protects contractors against financial losses resulting from errors or omissions on the job.

General Liability Insurance for Idaho Contractors

CoverWallet  NEXT (Best) Thimble Hiscox The 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? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No No Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
Deductible $0 $0 $0 $0 $0


General liability insurance is the primary coverage for contractors in Idaho. It protects against claims for bodily injury, property damage, and personal injury resulting from the contractor’s operations. 


Coverage Limits of General Liability Insurance for Idaho Contractors

Coverage limits for general liability insurance typically range from $500,000 to $2 million, depending on the nature and scale of the contractor’s work. 


Specific Situations Where This Insurance Can Help

  • Third-party injuries: Such as a visitor or a passerby is injured on the contractor’s job site; general liability insurance can cover medical expenses, legal fees, and potential settlements.

  • Property damage: If an employee causes damage to a client’s property during their work, general liability insurance can cover the costs of repairing or replacing the damaged property.

  • Advertising mistakes: If a contractor unintentionally makes false claims or inadvertently plagiarizes copyrighted material in their advertising, general liability insurance can cover legal expenses and potential damages.

Add-Ons to General Liability Insurance for Idaho Contractors

  • Additional insured coverage: This allows contractors to extend their general liability coverage to other parties, such as clients or subcontractors, protecting them against claims arising from the contractor’s work.

  • Completed operations coverage: Extends the general liability coverage beyond the project completion date, ensuring that contractors are protected from claims that may arise after the project is finished.

Professional Indemnity Insurance for Idaho Contractors

CoverWallet  NEXT Thimble (Best) Hiscox The 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? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Can be included No
HIPAA coverage included? No No No No No
Sexual misconduct coverage included? No No No No Can be included
License defense coverage included? No No No No Can be included
Deductible  $500 $500 $500 $50/$10,000 $500


Professional indemnity insurance, also known as errors and omissions insurance, provides coverage for contractors against claims arising from professional negligence, errors, or omissions in their services. It is particularly crucial for contractors who provide advice, design work, or professional services.


Coverage Limits of Professional Indemnity Insurance for Idaho Contractors

Depending on the specific policy and the nature of the contractor’s work, the coverage limits for Professional Indemnity Insurance can vary. Limits of coverage can range from $500,000 to $2,000,000.


Specific Situations Where This Insurance Can Help

  • Professional negligence lawsuits: If a contractor’s advice, design work, or professional services result in financial losses or damages to a client, professional indemnity insurance can cover legal expenses, settlements, or judgments related to professional negligence claims.

  • Breach of contract claims: When a contractor fails to meet the agreed-upon contractual obligations, professional indemnity insurance can offer protection against breach of contract claims filed by clients.

  • Intellectual property infringement: Professional indemnity insurance can cover legal defense costs and potential damages if a contractor unknowingly uses copyrighted material or infringes on intellectual property rights.

What Happens if a Contractor’s Design Work Leads to Financial Losses for a Client?

Professional indemnity insurance can cover the contractor’s legal expenses, settlements, or judgments related to professional negligence claims arising from design errors or omissions.

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Commercial Property Insurance for Idaho Contractors

CoverWallet NEXT (Best) Thimble Hiscox The 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 signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Excluded Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Excluded Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Included Excluded


Commercial property insurance covers the physical assets and properties owned by contractors in Idaho. It protects against risks such as fire, theft, vandalism, and natural disasters that may cause damage or loss to the contractor’s property.


Coverage Limits of Commercial Property Insurance for Idaho Contractors

The coverage limits for Commercial Property Insurance vary based on the contractor’s particular requirements and the property’s value. Policy limits can range between $500,000 and $5,000,000.


Specific Situations Where This Insurance Can Help

  • Fire damage: In the event of a fire at the contractor’s business premises, commercial property insurance can cover the costs of repairing or rebuilding the damaged property, including equipment, tools, and inventory.

  • Theft or vandalism: Commercial property insurance can provide coverage for replacing or repairing stolen or damaged items if the contractor’s property is stolen or vandalized.

  • Natural disasters: Commercial property insurance protects contractors against losses from natural disasters like earthquakes, floods, or storms that may damage their property or equipment.

Add-Ons to Commercial Property Insurance for Idaho Contractors

  • Business interruption coverage: This add-on covers lost income and additional expenses incurred if a covered event, such as a fire or natural disaster, forces the contractor to suspend operations temporarily.

  • Equipment breakdown coverage: This add-on protects against the costs of repairing or replacing damaged equipment or machinery due to mechanical or electrical breakdowns.

Is Commercial Property Insurance Limited to the Contractor’s Business Premises, or Does It Also Cover Equipment and Tools Used at Job Sites?

Commercial property insurance typically covers the contractor’s business premises, but it can also include coverage for equipment and tools used at job sites, depending on the policy terms.


A man and a woman talking at a construction site.


Business Owner’s Policy for Idaho Contractors

CoverWallet NEXT (Best) Thimble Hiscox The 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 signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded


A business owner’s policy (BOP) is a comprehensive package combining general liability and commercial property insurance into a single policy specifically designed for small to medium-sized businesses, including contractors in Idaho. It offers convenience and potential cost savings compared to purchasing these coverages separately. Contractors can tailor their BOP with add-ons to address specific risks and protect their businesses from unexpected events.


Coverage Limits of Business Owner’s Policy for Idaho Contractors

The coverage limits of a BOP differ based on the specific policy and the contractor’s requirements. Nevertheless, a typical BOP for Idaho contractors may include coverage limits ranging from $1 million to $3 million for general liability insurance and property insurance coverage limits based on the value of the contractor’s assets, typically between $100,000 and $1 million.


Specific Situations Where This Insurance Can Help

  • Third-party injury claims: If a contractor’s business operations cause bodily injury or property damage to a third party, general liability insurance within the BOP can cover the associated medical expenses, legal fees, and potential settlements.

  • Property damage coverage: The commercial property insurance component of a BOP provides coverage for damage or loss to the contractor’s owned or leased property, including buildings, equipment, and inventory.

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

  • Business interruption coverage: This add-on offers protection against lost income and additional expenses when a covered event, such as a fire or natural disaster, forces the contractor to suspend business operations temporarily.

  • Data breach coverage: As data breaches become increasingly common, this add-on helps contractors cover the costs of managing a data breach, including legal fees, customer notifications, and credit monitoring services.

Is a Business Owner’s Policy Suitable for All Types of Contractors, Regardless of Their Field of Work?

A BOP suits small to medium-sized contractors in various industries. However, the specific coverage and limits may vary, and contractors with unique risks or specialized services may require additional or specialized insurance coverage.


Tools and Equipment Insurance for Idaho Contractors

NEXT  Thimble Hiscox The 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/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0


Tools and equipment insurance covers the contractor’s tools, machinery, and equipment against loss, theft, or damage. This insurance is essential for Idaho contractors who rely heavily on specialized tools and equipment to carry out their work. By securing this insurance, contractors can continue their work smoothly, knowing they have the necessary coverage.


Coverage Limits of Tools and Equipment Insurance for Idaho Contractors

Depending on the specific policy and the value of the contractor’s tools and equipment, the coverage limits for Tools and Equipment Insurance can vary. In general, the coverage limit ranges from $10,000 to $250,000.


Specific Situations Where This Insurance Can Help

  • Theft: Tools and equipment insurance protects contractors against theft, whether it occurs on the job site, during transportation, or at the contractor’s premises. It covers the cost of replacing stolen tools and equipment.

  • Damage: If the contractor’s tools or equipment are damaged due to accidents, such as drops, falls, or collisions, this insurance can cover the repair or replacement costs.

  • Loss: In case of loss, such as misplacement or disappearance of tools or equipment, tools, and equipment insurance can provide coverage for the value of the lost items.

Add-Ons to Tools and Equipment Insurance for Idaho Contractors

  • Inland marine coverage: This add-on extends the coverage beyond the contractor’s premises and includes tools and equipment in transit or used at different job sites.

  • Rented or leased equipment coverage: Contractors who frequently rent or lease equipment can opt for this add-on to ensure that the rented or leased tools and equipment are covered in case of loss, theft, or damage.

Can Tools and Equipment Insurance Cover the Loss of Specialized Tools or Equipment Unique to a Particular Trade?

Tools and equipment insurance can cover specialized tools or equipment specific to a contractor’s trade. It is important to assess the value of such items when obtaining coverage accurately.


Commercial Auto Insurance for Idaho Contractors

Commercial auto insurance provides coverage for vehicles contractors use during their business operations. It protects against property damage, bodily injury, and other liabilities arising from accidents involving company-owned vehicles or vehicles used for business purposes.


Coverage Limits of Commercial Auto Insurance for Idaho Contractors

The coverage limits for liability coverage might vary depending on the insurance and the needs of the contractor, but they commonly range from $100,000 to $1 million. Collision and comprehensive coverage limits are based on the insured vehicle’s value and may include deductibles that must be fulfilled before coverage applies.


Specific Situations Where This Insurance Can Help

  • Accidents: Commercial auto insurance covers repairing or replacing vehicles damaged in accidents. It also covers bodily injury and property damage to third parties involved in the accident.

  • Theft or vandalism: Commercial auto insurance can cover replacement or repair costs if a contractor’s vehicle is stolen or vandalized.

  • Medical expenses: In an accident that causes injuries to the contractor or their employees, commercial auto insurance can cover medical expenses, including hospital bills and rehabilitation costs.

Add-Ons to Commercial Auto Insurance for Idaho Contractors

  • Hired and non-owned auto coverage: This add-on extends coverage to vehicles rented, borrowed, or used for business purposes but not owned by the contractor. It provides liability coverage for accidents involving these vehicles.

  • Uninsured/underinsured motorist coverage: This add-on protects the contractor and their employees if they are involved in an accident with a driver without insurance or inadequate coverage.

Does Commercial Auto Insurance Cover Personal Vehicles Use Occasionally for Business Purposes by Contractors?

Commercial auto insurance generally covers vehicles owned or used primarily for business purposes. However, personal vehicles used occasionally for business may need to be fully covered. It’s important to discuss the specific usage with the insurance provider.


Excess Liability Insurance for Idaho Contractors

Excess liability insurance, also known as umbrella insurance, provides additional coverage beyond the limits of primary liability insurance policies. It offers an extra layer of protection for contractors in Idaho against catastrophic events or claims that exceed the limits of their underlying insurance policies.


Coverage Limits of Excess Liability Insurance for Idaho Contractors

The coverage limits of excess liability insurance can vary depending on the policy and the contractor’s requirements but typically range between $1 million and $10 million.


Is Excess Liability Insurance Only Necessary for Larger Contractors With Higher Risks?

Excess liability insurance is beneficial for contractors of all sizes. While larger contractors may have higher risks and potential for larger claims, even small contractors can face unexpected catastrophic events that exceed the limits of their primary policies.


Workers Compensation Insurance for Idaho Contractors

Workers’ compensation is vital contractor insurance for Idaho as it benefits employees who suffer work-related injuries or illnesses. It helps protect contractors and employees by offering financial support for medical expenses, lost wages, and rehabilitation costs.


Coverage Limits of Workers Compensation Insurance for Idaho Contractors

Workers compensation insurance has no set limits. Coverage amounts differ in each state. Contact the workers comp board of your state for a comprehensive idea of workers compensation coverage amounts. 


Specific Situations Where This Insurance Can Help

  • Workplace injuries: Workers’ compensation insurance covers injuries on the job, including slip and fall accidents, repetitive strain injuries, and equipment-related incidents. It ensures employees receive proper medical treatment and compensation for any resulting disabilities.

  • Occupational illnesses: This insurance also applies to illnesses or diseases that employees develop as a direct result of their work, such as respiratory conditions from exposure to hazardous substances or long-term health issues caused by repetitive tasks.

  • Wage replacement: workers’ compensation provides partial wage replacement for employees who cannot work due to work-related injuries or illnesses, ensuring they can maintain financial stability during recovery.

Add-Ons to Workers Compensation Insurance for Idaho Contractors

  • Employer’s liability coverage: This add-on extends coverage to claims brought by employees alleging employer negligence or unsafe work conditions, which may not be covered under standard workers’ compensation policies.

  • Return-to-work programs: Some insurance providers offer add-on services such as return-to-work programs that help injured employees transition back to work smoothly and facilitate rehabilitation.

Are Contractors Required to Be Covered by Workers’ Compensation Insurance in Idaho?

In Idaho, contractors with employees must carry workers’ compensation insurance. However, individual contractors who do not have employees may not be obligated to obtain this coverage. It’s important to consult state regulations and seek guidance from an insurance professional to determine the specific requirements.

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Idaho Contractor Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $33 $396 $0-$500
Professional liability insurance $45 $540 $1,000-$2,000
Commercial property insurance $60 $720 $1,000-$2,000
Business owner’s policy $73 $876 $1,500
Commercial auto insurance $52 $624 $500-$1,000
Tools and equipment insurance $39 $468 $500-$1,000
Workers compensation insurance $98 $1,176 $2,000-$5,000
Excess liability insurance $40 $480 $500-$1,000


Idaho contractor insurance cost is $33 per month or $396 per year for a $1 million general liability policy. The cost of contractor insurance in Idaho can vary depending on several factors, including the type of coverage, the size and nature of the contracting business, the coverage limits chosen, the contractor’s claims history, and the deductible amounts. In connection, here’s a table showing the cost of a $1 million general liability policy from the best companies:

Cost per Month Cost per Year Best for
NEXT $16 $192 Best overall; Fastest general liability insurance
CoverWallet $19 $228 Comparing contractor insurance quotes online
The Hartford $21 $252 Industry expertise and tailored coverage
Tivly $23 $276 Comparing contractor insurance quotes over the phone
Thimble $25 $300 On-demand coverage
Hiscox $27 $324 Customizable coverage options

Compare Cheap Idaho Contractor Insurance Quotes Online

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

Best Idaho Contractors Insurance Companies

When selecting contractor insurance Idaho, choosing a company that offers comprehensive coverage options, excellent customer service, and competitive pricing is essential. Here are some reputable insurance companies that contractors in Idaho may consider. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT

Pros 

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance

  • 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 a leading insurance company that covers various industries, including contractors. NEXT Insurance provides the convenience of adding clients and subcontractors to your policy without extra charges. 

Best for: Best overall; Fastest general liability insurance

Average cost: $16 per month

Our rating: 10/10


CoverWallet 

Pros

  •  CoverWallet offers a user-friendly interface that allows contractors to compare quotes from multiple insurance carriers

  • They provide personalized insurance recommendations based on the contractor’s unique requirements.

Cons

  • Not an insurance company but an insurance broker

CoverWallet is an online insurance platform that simplifies obtaining contractor insurance Idaho. It offers businesses a convenient and cost-effective solution to purchase and manage their insurance policies online.

Best for: Comparing contractor insurance quotes online 

Average cost: $19 per month

Our rating: 10/10


The Hartford

Pros 

  • You have the freedom to cancel your policy at any time without any hidden fees

  • You can conveniently compare and obtain contractor insurance quotes online

  • Has plenty of coverage options for small businesses and startups and covers a large and ever-growing variety of industries

Cons

  • Acts as an intermediary between insurance companies and policyholders, assisting in the process of obtaining insurance coverage

The Hartford is a well-established insurance company with extensive experience in providing coverage to contractors. The Hartford  specialized coverage options for contractors, including general liability, commercial auto, and workers’ compensation insurance. 

Best for: Industry expertise and tailored coverage

Average cost: $21 per month

Our rating: 10/10


Tivly

Pros

  • Tivly offers a user-friendly online platform that allows contractors to easily obtain quotes and purchase insurance coverage

  • They specialize in understanding the unique needs of contractors and tailor their offerings accordingly

Cons

  • You can’t compare quotes through an online tool

Tivly is a digital insurance platform that provides insurance solutions specifically for contractors in Idaho. It empowers contractors to create customized insurance programs tailored to their needs. They offer professional liability insurance as a core coverage, which can be supplemented with additional add-ons such as commercial property, general liability, and workers’ compensation insurance. Call now to compare quotes over the phone. 

Best for: Comparing contractor insurance quotes over the phone

Average cost: $23 per month

Our rating: 9/10


Thimble

Pros 

  • Thimble provides the convenience of on-demand coverage, allowing contractors to obtain insurance for specific projects or periods. 

  • Their flexible policies are suitable for contractors with varying project scopes.

  • Receive an ACORD 25 certificate of insurance for your records with ease through our services.

  • Provides excellent 24/7 expert support and enjoys extremely high customer satisfaction ratings

Cons

  • Customer service can be accessed through alternative means, as calling is unavailable.

Thimble is a flexible insurance provider that offers on-demand coverage options for contractors in Idaho. This company offers general liability, commercial property, and business owner’s insurance policies. You can include add-ons to your existing coverage. Note that this company might refer you to Tivly for more specialized coverage types. 

Best for: On-demand coverage

Average cost: $25 per month

Our rating: 9/10


Hiscox

Pros 

  • Hiscox provides customizable coverage options, allowing contractors to tailor their insurance policies to their unique requirements. 

  • They offer a range of coverage types, including general liability, professional indemnity, and commercial property insurance.

  • Offers attractive discounts for policyholders who bundle two or more insurance policies together.

Cons

  • You might be referred to partners for specific policies

Hiscox is a reputable insurance company that offers specialized coverage for contractors and small businesses. With their extensive industry knowledge and experience, Hiscox provides tailored insurance solutions to meet the unique needs of contractors in Idaho. One of the standout features of Hiscox is its ability to offer customizable coverage options. 

Best for: Customizable coverage options

Average cost: $27 per month

Our rating: 9/10

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