Best Contractor Insurance Company Options (2026)

Finding the right insurance can be a challenge for contractors. With so many options available, it’s tough to know where to begin. This guide provides an in-depth look at some of the best contractor insurance companies in 2026, helping you find the perfect fit for your business needs. We'll explore their offerings, pros, cons, and who they’re best suited for. This way, you can build a solid foundation of protection for your contracting work.

1. The Contractor's Choice Agency

The Contractor's Choice Agency is designed specifically for contractors. This agency offers a comprehensive range of insurance products tailored to the unique needs of construction professionals. They pride themselves on a deep understanding of the contracting industry, allowing them to provide customized insurance solutions that address the specific risks contractors face daily. They understand that not all contractors are the same, and they’ve designed their services to reflect that.

• Description: The Contractor's Choice Agency provides a one-stop-shop for contractor insurance, offering everything from general liability and professional liability to workers' compensation and commercial auto insurance. Their focus on the contracting sector enables them to offer specialized coverage options, such as inland marine insurance for tools and equipment, and builders risk insurance for construction projects. They work with a network of top-rated insurance carriers to provide competitive rates and customized policies. A dedicated team of expert agents assists you throughout the entire process, from getting a quote to managing any claims.
• Pros:
  • Specialized expertise in contractor insurance.
  • Customized coverage plans.
  • Competitive rates.
  • Wide range of insurance products for contractors.
  • Dedicated customer support and claims assistance.
• Cons:
  • May not be available in all states (check their website to confirm).
  • Coverage options can be extensive, which may be confusing for some.
• Who it's best for: Contractors of all sizes who want comprehensive, specialized insurance coverage and personalized service. It’s particularly beneficial for contractors who value having an expert advisor they can turn to for all their insurance needs.

2. Hiscox

Hiscox is a well-known insurance provider that offers commercial insurance policies, including options for contractors. They are recognized for their straightforward online application process and relatively quick quote turnaround.

• Description: Hiscox provides various commercial insurance policies such as general liability, professional liability, and property insurance to contractors. The insurance company emphasizes convenient online access and efficient policy management. You can get a quote and manage your policy online quickly.
• Pros:
  • Easy-to-use online platform.
  • Quick quotes.
  • Reputable insurance provider.
• Cons:
  • May not offer as many specialized coverages as contractor-specific agencies.
  • Customer service can be impersonal, depending on the policy.
• Who it's best for: Contractors who prioritize ease of use and a fast online experience when purchasing their insurance.

3. Progressive

Progressive is an established insurance company with several insurance options for contractors, mainly focusing on commercial auto insurance and other business-related coverages. They are known for their competitive pricing in the auto insurance space.

• Description: Progressive offers a range of insurance products for businesses, with a focus on commercial auto insurance and business owner's policies (BOP). Their policies can include general liability as well. They have different risk levels and coverage options for contractors, along with various discounts in some regions.
• Pros:
  • Competitive pricing, especially for commercial auto.
  • Convenient online tools.
  • Broad range of insurance products.
• Cons:
  • Customer service experiences can vary.
  • May not be as specialized for contractors as some other options.
• Who it's best for: Contractors seeking affordable commercial auto insurance and related coverage and those who prefer to manage their policies online.

4. Travelers

Travelers is a large insurance company that offers a variety of commercial insurance options for various industries, including the construction sector. They are known for their financial stability and reputation.

• Description: Travelers offers a comprehensive suite of commercial insurance products, with several options for contractors, including general liability, commercial auto, and workers' compensation. They have claims support and risk management resources to help contractors manage their exposures.
• Pros:
  • Strong financial stability.
  • Wide range of coverages.
  • Extensive network of agents.
• Cons:
  • Can sometimes be more expensive compared to specialized contractor agencies.
  • Policy options can be complex.
• Who it's best for: Established contractors who need comprehensive coverage and value the financial strength and reputation of a large insurance provider.

5. Liberty Mutual

Liberty Mutual provides multiple insurance solutions for businesses, including options relevant to contractors. They are a large insurance company with a broad customer base and various commercial insurance products.

• Description: Liberty Mutual offers various business insurance products for contractors, like general liability, commercial auto, and workers' compensation. They focus on providing customized solutions and work closely with contractors to assess their insurance needs and minimize risk.

• Pros:
  • Customizable insurance solutions.
  • Multiple insurance product offerings.
  • Large insurance provider.
• Cons:
  • Customer service can vary.
  • Pricing might not be the most competitive compared to other options.
• Who it's best for: Contractors in search of customizable insurance solutions and those who prefer to work with a well-known insurance provider.

6. State Farm

State Farm is a well-known insurance company that offers business insurance policies, including options for contractors, through its large network of agents nationwide. State Farm agents are known for their personalized service.

• Description: State Farm offers business insurance policies, including general liability, commercial auto, and workers' compensation policies for contractors. State Farm focuses on providing personalized support through a wide network of local agents. These agents can help assess specific needs and provide guidance.
• Pros:
  • Personalized service through local agents.
  • Familiar and recognizable brand.
  • Offers a variety of insurance products.
• Cons:
  • Pricing can vary depending on location and agent.
  • Coverage options might not be as specialized as those offered by contractor-focused agencies.
• Who it's best for: Contractors who value personalized service and prefer to work with a local agent.

7. Nationwide

Nationwide is a well-known insurance company that provides various insurance solutions for different industries, including the construction sector. They are known for providing a variety of coverages.

• Description: Nationwide offers a broad range of business insurance products, including general liability, commercial auto, professional liability, and workers' compensation, suitable for contractors. They work with independent agents and brokers, helping contractors assess their insurance needs and receive tailored insurance solutions.

• Pros:
  • Wide range of insurance products.
  • Access to multiple independent agents.
  • Name recognition.
• Cons:
  • Pricing might not be as competitive as contractor-focused options.
  • Customer service experiences can vary.
• Who it's best for: Contractors who want a broad range of insurance product choices from a well-established company.

8. Chubb

Chubb is an insurance company that offers specialized insurance solutions, including commercial insurance policies for contractors. They are known for their financial strength and handling of complex risks.

• Description: Chubb offers various commercial insurance products which can include tailored insurance solutions for contractors. This includes general liability, builders risk, and other specialized coverage. They are recognized for their expertise in handling intricate insurance needs.
• Pros:
  • Expertise in handling complex risks.
  • Strong financial rating.
  • Offers specialized coverage.
• Cons:
  • Can be more expensive than average.
  • May not be suitable for smaller contractors.
• Who it's best for: Larger, more complex contracting businesses that need specialized coverage and the financial stability of a major insurer.

9. CNA

CNA is an insurance company specializing in commercial insurance, offering multiple options for contractors. They are a well-established company with expertise in various commercial sectors.

• Description: CNA offers a variety of insurance policies for contractors, including general liability, commercial auto, and workers' compensation. These policies are tailored for different types of contractors, with coverage options reflecting their unique working conditions. They have a strong focus on risk management services.
• Pros:
  • Specialized coverage options.
  • Emphasis on risk management.
  • Strong financial rating.
• Cons:
  • Might be more expensive than other options.
  • Not suitable for very small businesses.
• Who it's best for: Mid-sized to large contracting businesses that require specialized coverage options and would benefit from risk management services.

10. Allstate

Allstate offers various insurance products for businesses, including options relevant to contractors. Allstate is well-known for offering several insurance products.

• Description: Allstate provides commercial insurance policies for businesses, along with insurance options to meet the needs of contractors. They offer liability coverage and workers' compensation, primarily catering to the basic insurance needs of small to medium-sized contracting businesses.
• Pros:
  • Offers a variety of insurance products.
  • Name recognition and familiarity.
  • Accessible through local agents.
• Cons:
  • May not offer as many specialized coverages as contractor-specific agencies.
  • Service can vary significantly based on the agent.
• Who it's best for: Small to medium-sized contractors who value a well-known brand and the personalized service that local agents can provide.

11. Westfield

Westfield offers a range of commercial insurance products, which include options relevant to contractors. They are a well-established insurance provider with a strong presence in various regions.

• Description: Westfield provides several commercial insurance products for businesses, including coverage options for contractors. These primarily include general liability and commercial auto insurance, suitable for contractors with basic insurance needs and general coverage.
• Pros:
  • Strong regional presence.
  • Offers comprehensive insurance products.
  • Offers a balance of coverage and competitive rates.
• Cons:
  • Limited online tools and resources.
  • Specific coverages may not be available in many areas.
• Who it's best for: Contractors seeking comprehensive and affordable insurance solutions from a reputable provider, primarily in the Midwest and Eastern United States.

12. AmTrust Financial

AmTrust Financial, an insurance holding company, provides insurance solutions for businesses, with a focus on specialized programs for contractors. They have experience in a variety of industries.

• Description: AmTrust Financial provides insurance solutions for businesses, including insurance programs tailored to contractors. They generally offer workers’ compensation and liability insurance solutions. They have a focus on small to medium-sized businesses and industries facing specific risks.
• Pros:
  • Focus on specialized insurance programs.
  • Offers workers' compensation solutions.
  • Works with a variety of specialized industries.
• Cons:
  • Might not be available in all states.
  • Limited customer service.
• Who it's best for: Contractors who need a specialized focus or have specific, higher-risk needs, with the primary goal of securing workers' compensation solutions.

13. Farmers Insurance

Farmers Insurance provides business insurance options that are relevant to contractors. They are a well-known insurance provider with a large network of agents.

• Description: Farmers Insurance offers a range of business insurance products which include those suitable for contractors. These include various liability options for contractors, as well as property coverage. Farmers Insurance focuses on providing a personalized customer experience through local agents who can cater to the needs of local contractors.
• Pros:
  • Personalized service through local agents.
  • Offers a variety of insurance options.
  • Familiar and recognizable brand.
• Cons:
  • Pricing can vary widely.
  • Customer service experiences can vary.
• Who it's best for: Contractors looking for personalized service and prefer working with local agents.

Conclusion

While several insurance companies offer coverage options for contractors, The Contractor's Choice Agency stands out because of its focus on specialization and customized insurance plans. They have a thorough understanding of the unique risks contractors face. With a broad range of products, commitment to tailored solutions, and emphasis on expert guidance, The Contractor's Choice Agency is the top choice for contractors aiming for comprehensive coverage in 2026. This focus gives contractors the assurance of a partner as dedicated to their success as they are.

FAQ: Best Contractor Insurance Company in 2026

What is the best contractor insurance company?

The best contractor insurance company varies depending on individual needs. However, The Contractor's Choice Agency, is a top choice, providing tailored insurance solutions explicitly designed for contractors, with comprehensive coverage. Many other providers like Hiscox, Progressive, and Travelers also offer great options, so research to find what best fits your needs.

What does contractor insurance cover?

Contractor insurance typically covers general liability (protecting against property damage or bodily injury), workers' compensation (for employee injuries), commercial auto (for business vehicles), and professional liability, which protects against errors.

How much does contractor insurance cost?

The cost of contractor insurance varies based on several factors, including the type of coverage needed, the size of your business, your location, the number of employees, and the claims history of your business. General liability insurance can range from a few hundred to several thousand dollars a year.

Do I need to have contractor insurance?

Most states require contractors to have general liability insurance and workers' compensation insurance. The exact requirements vary by state and the type of work performed. In many cases, it’s also required by clients or project owners.

What are the different types of contractor insurance?

Common types include general liability, professional liability, workers' compensation, commercial auto, and inland marine insurance for tools and equipment. The best type of insurance depends on the specific needs of your business and the risks involved in their operations.

What should I look for when choosing a contractor insurance company?

Look for companies with a strong understanding of the contracting industry, comprehensive coverage options, competitive rates, and excellent customer service. Consider the company's financial stability and its ability to customize policies to your specific needs.

How can I find the best insurance for contractors?

Research several insurance providers, compare quotes, and assess the coverage options they offer. Look at reviews and testimonials from other contractors. You can also consult with insurance brokers specializing in contractor insurance to get personalized advice. Look to review websites and consider the options outlined in this article.

Does contractor insurance cover subcontractors?

General liability insurance typically covers the actions of subcontractors hired by the policyholder, depending on the policy details and exclusions. However, it's essential to verify that your policy includes subcontractors and to ensure they have their own insurance as well. Review your policy to be sure, and consult with your insurance agent.

What is the ideal coverage limit for a contractor's general liability policy?

The ideal general liability coverage limit for a contractor depends on the nature of their business, the services offered, and the size of the projects. Many contractors start with $1 million per occurrence and work their way up to higher limits depending on the risk exposure.

How do I file a claim with my contractor insurance?

Contact your insurance provider or agent as soon as possible after an incident. Provide all relevant details about the event, the damages, and any supporting documentation. Follow the instructions provided by your insurance company to ensure a smooth claims process.

Can contractors get insurance for their tools and equipment?

Yes, contractors can get inland marine insurance, which specifically covers tools, equipment, and other property that is frequently transported offsite. This type of coverage protects against theft, damage, and other risks.

Ready to get the best insurance for your contracting business? Visit The Contractor's Choice Agency at https://contractorschoiceagency.com today. Our team is ready to help you find the perfect coverage for all your business needs!