Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.
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.
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.
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 |
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 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 |
Get all the best quotes from leading providers in a click of a button!
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 |
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. 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 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.
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:
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.
| 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!
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.
Our rating: 10/10
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
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
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
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.
Average cost: $32 per month
Do you have U.S. insurance expertise/experience? Would you like to become a voice at Insuranks, help businesses and individuals, and showcase your authority online? Write us!
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
