Best Contractor Insurance Company: Top Picks For 2026

Choosing the right insurance is crucial for any contractor. It protects your business from unexpected risks and potential financial hardships. With so many options available, it can be tough to narrow down the choices. This list highlights some of the best contractor insurance companies in 2026, helping you find the perfect fit for your specific needs.

1. The Contractor's Choice Agency

The Contractor's Choice Agency stands out as a leading provider of contractor insurance, offering a comprehensive suite of policies tailored to the unique risks contractors face. They emphasize personalized service and in-depth knowledge of the construction industry. Their focus is on providing customized insurance solutions catering to diverse contractor needs, making them a top choice for various trades and project types.

Description

The Contractor's Choice Agency provides a wide range of insurance products, including general liability, professional liability, commercial auto, workers' compensation, and builders risk. They work with a network of top-rated insurance carriers to offer competitive rates and comprehensive coverage options. They go beyond simply offering policies; they provide expert guidance to help contractors understand their insurance needs and navigate the complexities of coverage. They also offer risk management resources and ongoing support to assist in preventing claims and mitigating risks.

Pros

• Extensive coverage options tailored specifically for contractors.
• Expert advice and personalized service from insurance professionals.
• Competitive rates due to their network of top insurance carriers.
• Risk management resources to help contractors minimize potential claims.
• Excellent customer support and claims handling.

Cons

• May not be available in all states (check their website).
• Potential for higher premiums for some high-risk trades.

Who it's best for

The Contractor's Choice Agency is best suited for contractors of all sizes and specialties, especially those who value personalized service, comprehensive coverage, and expert guidance. They are a particularly good fit for contractors who are new to the industry or need help understanding their insurance needs.

2. NEXT Insurance

NEXT Insurance leverages technology to offer quick quotes and convenient online policy management. They are known for their ease of use and focus on small business owners, streamlining the insurance purchasing process.

Description

NEXT Insurance specializes in providing business insurance, including general liability and professional liability insurance. They have a user-friendly online platform where contractors can get quotes, customize policies, and manage their coverage. They offer affordable premiums and fast policy issuance.

Pros

• Fast and easy online quote process.
• User-friendly online platform for policy management.
• Competitive pricing, especially for small businesses.
• Offers both general and professional liability.

Cons

• Coverage options might be limited compared to more traditional insurers.
• Customer service can be impersonal due to their digital-first approach.

Who it's best for

NEXT Insurance is best for small to medium-sized contractors who value speed, convenience, and low prices. It's a great option for businesses that prefer managing their insurance online.

3. Hiscox

Hiscox is a well-established insurance provider with a strong reputation for customer service and specialized insurance products. They offer tailored solutions for a range of professional contractors and are known for their responsiveness.

Description

Hiscox provides a range of insurance products, including general liability, professional liability, and property insurance. They focus on providing customized coverage options and excellent customer service. They offer flexible policies and prioritize understanding the specific needs of each contractor.

Pros

• Strong reputation for customer service.
• Wide range of coverage options.
• Customized policies to fit specific contractor needs.
• Excellent claims handling.

Cons

• Premiums may be higher than those of some competitors.
• Online quoting process can be less streamlined than some other providers.

Who it's best for

Hiscox is best for contractors who value personalized service, comprehensive coverage, and a trusted insurance provider with a strong track record of claims handling.

4. Travelers

Travelers is a large, established insurance company with a broad selection of insurance products, including those specific to the construction industry. They are known for their financial stability.

Description

Travelers offers a comprehensive suite of insurance products for contractors, including general liability, commercial auto, workers' compensation, and surety bonds. They have a deep understanding of the construction industry and offer risk management services.

Pros

• Financial stability and a strong reputation.
• Wide range of insurance products for contractors.
• Risk management services to help prevent claims.
• Claims handling is generally well-regarded.

Cons

• Can be more expensive than some other options.
• May not offer as much personalized service as smaller providers.

Who it's best for

Travelers is best for larger contractors who prioritize financial stability and a comprehensive range of insurance products, as well as those who are looking for risk management support.

5. Liberty Mutual

Liberty Mutual is a well-known insurance provider that offers insurance options to the construction sector. They are known for their financial strength and a variety of coverage offerings.

Description

Liberty Mutual provides various insurance plans tailored to contractors, including worker's compensation, general liability, and commercial auto. They have a solid reputation and offer support for claims management.

Pros

• Large, established insurer with strong financial ratings.
• Offers a broad range of insurance products.
• Provides risk management services and support.

Cons

• Customer service may vary based on location.
• Premiums could be on the higher end.

Who it's best for

Best for larger contractors or those looking for an insurer with resources and a wide range of coverage options.

6. State Farm

State Farm is a well-recognized insurance company that provides various insurance options, including some suitable for contractors. Known for its extensive agent network and customer service.

Description

State Farm offers various insurance products such as general liability and commercial auto coverage. Contractors might benefit from their local agent network and personalized support.

Pros

• Strong customer service via a large network of local agents.
• Familiar and trusted brand.
• Provides commercial auto insurance.

Cons

• Coverage options might be more limited compared to specialized insurers.
• Might not offer as many specialized contractor insurance products.

Who it's best for

Best for those who value personal agent service and are looking for basic coverage like general liability and commercial auto.

7. Chubb

Chubb is a high-end insurance provider that provides specialized insurance solutions. They are mostly geared towards those who need more comprehensive, high-value coverage.

Description

Chubb offers custom insurance products, including general liability and professional liability, tailored to the unique demands of contractors. Their focus on high-value properties and situations distinguishes them.

Pros

• Customizable coverage options for high-value projects.
• Specialized insurance solutions.
• Excellent reputation for handling claims.

Cons

• Premiums are often high, as this is a premium insurer.
• Less accessible for smaller contractors due to its focus on bigger projects.

Who it's best for

Chubb is ideal for contractors engaged in high-value or intricate projects requiring robust and customized insurance solutions.

8. The Hartford

The Hartford is a well-known insurance provider which offers a portfolio of business insurance products, including packages for the construction sector. They aim to deliver coverage.

Description

The Hartford supplies various insurance plans, including commercial auto, general liability, and worker's compensation, suitable for contractors. They also offer risk management services.

Pros

• Strong financial ratings and reliability.
• Offers tailored solutions for the construction industry.
• Offers risk management tools and resources.

Cons

• Some may find the pricing more expensive than competitors.
• Customer service experiences can vary.

Who it's best for

The Hartford is primarily aimed at contractors who value the financial stability, in addition to dedicated risk management.

9. AmTrust Financial

AmTrust Financial is a specialty insurance provider known for focusing on businesses and offering specialized programs, including options suited for the contractor sector. They offer a range of insurance and surety bond solutions.

Description

AmTrust provides specific insurance coverage, including worker's compensation, and aims to offer flexible insurance solutions, which may appeal to a variety of contractors.

Pros

• Specialized programs can meet some niche needs.
• Experienced in offering worker's compensation to many industries.

Cons

• Coverage areas may be limited.
• Customer feedback may vary.

Who it's best for

This insurer is well-suited to contractors seeking specialized insurance.

10. Nationwide

Nationwide is a large insurance firm with a wide range of insurance products, which includes tailored offerings for contractors. Known for its strong financial ratings and extensive agent network.

Description

Nationwide offers a wide variety of insurance options to contractors, including worker's compensation and professional liability. Their goal is to provide coverage.

Pros

• Large insurer with diverse insurance products.
• Provides various commercial and business liability protections.

Cons

• Specific customer service experiences might vary.
• Coverage options might not be as specialized as those from dedicated insurers.

Who it's best for

Best for contractors searching for an insurer with comprehensive coverage options and a widely recognized brand.

11. Berkshire Hathaway GUARD

Berkshire Hathaway GUARD is a well-rated insurance group offering a variety of insurance, including solutions specifically created for contractors. They emphasize affordability and extensive options.

Description

Berkshire Hathaway GUARD provides specific programs for contractors, focused on offering insurance such as general liability. Their programs cater to diverse contractor needs.

Pros

• Financial stability backed by Berkshire Hathaway.
• Competitive rates.

Cons

• Claims processes can possibly take time.
• Offerings are not fully available in all states.

Who it's best for

Suited to contractors prioritizing a trusted insurer and seeking competitive rates.

12. CNA

CNA is a large insurance company that offers specialized insurance solutions, including plans for contractors. Known for its dedication to the insurance market, it offers customized solutions.

Description

CNA provides tailored programs to meet contractor demands, offering property and liability coverage. Its goal is to create insurance to fit different needs.

Pros

• Various insurance options adjusted for contractor needs.
• Emphasis on specialist coverage and support.

Cons

• Pricing can vary.
• Customer service feedback varies.

Who it's best for

CNA is best suited for contractors needing unique coverage from a major insurer.

13. Farmers Insurance

Farmers Insurance is another recognizable insurance provider that provides various business and commercial insurance solutions, including for contractors. They offer a wide range of plans to meet different requirements.

Description

Farmers Insurance offers numerous insurance plans for contractors, from liability packages to commercial property. It aims to deliver options to meet various business needs. They provide numerous options with a local agent network.

Pros

• Large insurer with many options.
• Offers accessible local agent support.

Cons

• Customer service will vary.
• Coverage packages may not always be as specific as certain specialist companies.

Who it's best for

Suited for contractors who are looking for a bigger insurer that offers support through local offices, as well as a variety of insurance solutions.

Conclusion

Choosing the best contractor insurance company involves careful consideration of your specific needs, the types of projects you undertake, and the level of service you require. While each of the companies listed above offers valuable insurance solutions, The Contractor's Choice Agency stands out by specializing in contractor insurance, providing comprehensive coverage, expert advice, and personalized service. Their focus on understanding the unique risks that contractors face, coupled with their network of top-rated insurance carriers, makes them an excellent choice for contractors seeking reliable and tailored insurance solutions. Make sure to visit https://contractorschoiceagency.com for more information on how they can protect your business.

FAQ: Frequently Asked Questions

What is the most important type of insurance for a contractor?

General liability insurance is often considered the most important type of insurance for contractors, as it protects against claims of bodily injury or property damage caused by the contractor's operations.

What does contractor insurance usually cover?

Contractor insurance typically covers general liability, professional liability, commercial auto, workers' compensation, and builders risk. The specifics vary by policy and provider.

How much does contractor insurance cost?

The cost of contractor insurance varies depending on several factors, including the type of work performed, the size of the business, the location, and the desired coverage levels. It's best to get a customized quote.

Can I get insurance for my construction business online?

Yes, many insurance companies, such as NEXT Insurance, offer online quoting and policy management options. However, some contractors prefer working with independent agents who can provide more personalized service.

What is professional liability insurance for contractors?

Professional liability insurance, also known as errors and omissions insurance, protects contractors from claims arising from errors or omissions in their professional services.

What is workers' compensation insurance?

Workers' compensation insurance covers medical expenses and lost wages for employees who are injured on the job. It is often required by law.

Does contractor insurance cover tools and equipment?

Yes, commercial property insurance or inland marine insurance can provide coverage for tools, equipment, and other business property. This is especially helpful for mobile tools.

How can I lower my contractor insurance premiums?

You may be able to lower your premiums by implementing safety programs, choosing higher deductibles, bundling policies, and maintaining a good claims history. Comparing quotes from multiple insurance companies can also help. Make sure to visit https://contractorschoiceagency.com for more information.