Construction is a job that requires enormous responsibility and thus may attract massive liability. Whether a simple renovation project or a large construction project, a variety of accidents may arise.Thats where PA general contractor insurance comes in.
This article comprehensively analyzes the type of Pennsylvania contractor insurance policies you need, add-ons, coverage limits, and reputable companies you can purchase from.
General Liability Insurance for Pennsylvania Contractors
This PA general contractor insurance is designed to safeguard your clients and your business through the entire phase of a construction project. The policy will cover all claims arising from any damages you may cause to third parties.Â
You can be paid up to $2 million to cover third-party injuries and liabilities after an unpredictable accident has happened on the construction site. The amount can be paid for a single occurrence, while you can receive up to $5 million as the aggregate limit.
| 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 |
| 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 |
Professional Indemnity Insurance for Pennsylvania Contractors
This insurance cushions your business against any claims arising from committed or alleged mistakes or errors in your construction work. The client can sue you to recover the extra expenses. In such an event, this type of PA contractor liability insurance will cover such claims.
If your customers sue you for professional negligence or mistakes, your insurer can pay you a coverage limit of $500,000 to $1 million. You can use the amount to pay settlements, legal, and judgment fees.
| 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 |
Commercial Property Insurance for Pennsylvania Contractors
Commercial property covers your property and other specified structures. Aside from contractor liability insurance PA, purchase this if you have heavy machinery and buildings. It covers perils such as natural disasters, vandalism, or fire.
 If an accident happens and your property is damaged, this policy will pay the rebuilding, repairing, and replacement costs to ensure your business runs smoothly.
generally, the commercial property coverage included in home improvement contractor insurance PA offers a $25,000-$500,000 limit.
| 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 |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
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Business Owner’s Policy for Pennsylvania Contractors
A business owner’s policy (BOP) is a comprehensive and cost-effective policy for medium and low-risk businesses. Consider taking a BOP if you operate a medium construction business. This policy includes property, business interruption, and general liability insurance.
BOP includes two types of coverage limits; property and liability insurance. For liability, you will get $1 million to $2 million for a single occurrence, while for property insurance, you will get $10,000 to $500,000.
| 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 |
Tools and Equipment Insurance for Pennsylvania Contractors
This insurance policy will shelter your valuable tools and equipment. It will cover damage, theft, or loss of your essential items. This insurance will cover only accidental damage or theft and will not compensate you for intentional acts or normal wear and tear. Â your insurance provider can pay you up to $50,000 in compensation. The amount should be sufficient to cover replacement and repair costs.
Commercial Auto Insurance for Pennsylvania Contractors
Commercial auto insurance is required for all businesses that operate commercial vehicles. This helps you avoid medical bills, lawsuits, or repair expenses resulting from auto accidents. It covers your passengers and driver in the event an accident occurs.
The coverage your insurance provides can be $50,000 to $500,000. But this amount will depend on the extent of the accident and the losses your business suffers.
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Workers Compensation Insurance for Pennsylvania Contractors
Workers’ compensation insurance shelters your construction business if workers sustain injuries or fall sick. But the illnesses must be closely related to work-related hazards or due to strenuous activities. Some of the costs covered by this policy include:
- Medical expenses
- Lost wages
- Recovery costs that are related to occupational injuries
- Legal fees when your employees sue you
- Funeral costs
- Death benefits to the designated beneficiaries
Pennsylvania Contractors Insurance Cost
The average PA contractor insurance cost is $33 per month or $396 per year for a $1 million general liability policy. But actual premiums will vary depending on the size of your construction business, exposed risks, or number of workers.Â
| Cost per Month | Cost per Year | Deductible | |
| General liability insurance | $33 | $396 | $0-$500 |
| Professional liability insurance | $50 | $600 | $1,000-$2,000 |
| Commercial property insurance | $60 | $720 | $1,000-$2,000 |
| Business owner’s policy | $83 | $996 | $1,500 |
| Tools and equipment insurance | $36 | $432 | $500-$1,000 |
| Commercial auto insurance | $55 | $660 | $500-$1,000 |
| Workers compensation insurance | $94 | $1,128 | $2,500-$5,000 |
| Excess liability insurance | $38 | $456 | $500-$1,000 |
Get all the best quotes from leading providers in a click of a button!
Best Pennsylvania Contractors Insurance Companies
NEXTÂ
NEXT; Over the last eight years, this company has been offering contractors insurance on its online platform. Their AI technology helps them to properly manage customers’ policies and ensure processing of claims is done quickly. Their unparalleled experience ensures the process of underwriting a policy is straightforward.
Average cost: $16 per month
Pros
- Offers your construction business a virtual proof of insurance
- You can obtain contractors insurance coverage within minutes
- When you choose their BOP or purchase many policies together, you can get a 10% discount
Cons
- Couldn’t find any
Our rating: 10/10
CoverWalletÂ
CoverWallet collaborates with different insurance carriers to offer contractors comprehensive coverage. They stand out due to their ability to connect businesses with big players in the insurance market. You can buy several policies such as workers’ compensation, BOP, general liability, and commercial property
Average cost: $19 per month
Our rating: 10/10
Pros
- This company has a comparison tool where you can quickly get quotes from many insurance companies.
- They have hired the best agents to assist contractors in obtaining the ideal coverage for their business.
- Their insurance premiums are affordable even for startup contractors
Cons
- They are an insurance broker who doesn’t have direct control of the policies they offer
The Hartford
The Hartford is known for partnering with AARP and offering unique benefits. They also offer insurance for contractors either starting out or already established. They have unbeatable experience and expertise when it comes to underwriting various policies.
Average cost: $21 per month
Our rating: 10/10
Pros
- They periodically conduct webinars that educate customers about their insurance needs.
- Their customer care team will assist you in getting the right coverage for your business.
- You can get budget-friendly insurance premiums
Cons
- Primarily offers benefits for AARP members
Thimble
Thimble is an insurance company offering contractors coverage for one-time or long-term projects. If you want to renovate a building for a day or week, this company will shelter you from any accidents during this period.
Average cost: $29 per month
Our rating: 9/10
Pros
- You can get coverage for your construction business, even for a one-time project.
- Increasing your limits or adding more add-ons as your business grows is possible.
- This company offers multiple insurance policies for your construction business.
Cons
- You can only seek assistance online
Hiscox
Hiscox is an insurance company that has been around for over a century. They have an unrivaled reputation and efficacy when issuing contractor insurance policies. If you have a large construction company, Hiscox will offer specialized cover for your business.Â
Average cost: $32 per month
Our rating: 9/10
Pros
- The company is known for processing contractor’s claims fast
- They offer discounts and benefits on their worker’s compensation insurance
- They have a virtual platform that is easy to operate
Cons
- Couldn’t find any
