Contractors' Insurance Cost Secrets That Will Amaze You
Factors Influencing Insurance Costs
The cost of contractors' insurance is influenced by various factors, including the type of work you do, the size of your business, and your location. For instance, high-risk jobs such as roofing or demolition typically incur higher premiums due to the increased likelihood of accidents. Additionally, larger businesses with more employees and higher revenue will generally face higher insurance costs compared to smaller operations1.