Contractor Workers Compensation
For construction enterprises, we have created the greatest insurance plans.
Better Workers Comp Coverage for Contractors
Finding reasonably priced workers compensation insurance for construction corporations and artisan contractors is becoming increasingly difficult. In most states, rates have risen by more than 25% in recent years. We’re glad you discovered us.
For more than 15 years, we have assisted contractors in locating simple, cost-effective insurance. Our professionals are skilled at negotiating the best coverage prices and are aware of the underwriting specifications set forth by the insurance providers. To assist you get the lowest prices and most flexible payment choices, we have created construction programs.
We collaborate with top insurance companies that provide construction coverage.
Pay As You Go
Boost cash flow and lower the chance of large audit costs.
Comparison Pricing
Obtain estimates from several insurance providers to guarantee the best deals.
Claims Management
To expedite the settlement of claims, our carriers employ skilled claim managers.
Our Top Construction Insurance Companies
AmeriSafe Insurance
Accident Fund
Benchmark Insurance
UBIC Insurance
Cimarron Insurance
Normandy Insurance
PIE Insurance
ICW Group
FrankCrum Insurance
Workers Compensation Codes Related to Contractors
Classification codes are used to organize employees according to their work functions and job requirements. Currently, insurance companies and brokers can use roughly 800 class codes provided by the National Council on Compensation Insurance (NCCI) to classify personnel for rating reasons. To start pricing a policy, insurance firms establish a base manual rate for each class code.
Sorting employees correctly is a crucial step in obtaining quotes. Small firms may lose thousands of dollars due to incorrectly classified workers. After an annual audit, you might find that you are overpaying for coverage or that your debt has increased.
Class Code 5645 | Residential Construction
The majority of carpentry work related to residential structures up to three stories falls under the broad class category of “residential construction.” Work done could include cabinetry, trim work, roof decks, rafters, drywall, siding, and framework. This also applies to remodeling and handyman services.
Class Code 5403 | Carpentry and Construction
Construction that is more than three stories high is usually categorized under WCC 5403. Commercial buildings and apartment complexes fall under this category. This class code has no limits on building height. Any carpentry work that isn’t covered by another code falls under this category.
Class Code 8227 | Construction- Permanent Yard
A regular addition to many contractor operations is this class. It covers permanent sites or shops that contractors maintain for equipment upkeep and storage. This code is reserved for those who work hard in the shop.
Class Code 5437 | Finish Carpenters
Interior carpentry finishes, including trim work, interior doors, paneling, wood floors, stairs, cabinets, internal doors, and countertops, are the area of expertise for finish carpenters. Since this class code is meant for skilled specialists, it does not cover rough carpentry such as frame. Wallpapering and caulking fall within this category.
Class Code 5474 | Painters
The majority of painting contractors that paint a variety of objects, such as homes and businesses, fall under this category. Both external and interior walls are included.
Class Code 5221 | Concrete Construction
Floors, foundations, driveways, patios, curbs, and sidewalks can all be constructed with concrete. Paving and foundation repair are usually included in this category.
Alternative State Class Codes for Contractors:
States occasionally stray from the NCCI-recommended industrial class code. For some business segments, they might demand the use of a state-specific class code in place of the NCCI code.
| Class Code | State |
|---|---|
| 5403 | Residential Construction | California / Texas |
| 652 | Residential Carpentry | Delaware / Pennsylvania |
| 651 | Commercial Construction | Delaware / Pennsylvania |
| 648 | Finish Carpentry | Delaware / Pennsylvania |
| 5429 | Trim Carpenter | New York |
| 5201 | Concrete or Cement Work | California |
| 5200 | Concrete Construction | New Jersey / Texas |
Related: General contractors, builders, handymen, carpenters, residential remodelers, builders of single-family homes, commercial contractors, framers, installers of cabinets, siding, and trim carpenters.
Workers Compensation is a national Agency, licensed throughout the United States.
Get the Best Contractors Insurance Coverage
Because their agent does not have access to the most affordable insurance carriers, many small contractors are overpaying for insurance coverage. Installment agreements based on predicted payroll that don’t change when payroll varies are used by other business owners. For every distinct state and kind of organization, we assist our clients in locating the most affordable insurance rates. Your company’s cash flow will be enhanced by our Pay As You Go payment options. We assist new entrepreneurs and businesses with higher EMR ratings. Since 2005, we have written contractor insurance.
Program Features
No Minimum Premium Requirements
Pay As You Go Work Comp – $0 Deposit
Guaranteed Cost and Deductible Options
Expertise in National Construction Insurance
Greater Markets for Greater Solutions. We shop renewals too
Options for Commercial Package Insurance
How Does Workers Comp Work?
Workers comp coverage protects employees when injured. It makes good financial sense for both parties.
Accidents and injuries occur. These mishaps and claims are covered by a no-fault scheme called workers compensation insurance. In most states, it’s mandated by law.
- Lost income for workers who can't perform job duties
- Medical expenses for injury or illness on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
Workers compensation insurance may not always shield employers or employees from lawsuits brought on by workplace accidents.
- Injuries resulting from a violation of the law
- Accidents resulting from using drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Lower Your Contractors Insurance Cost
For small enterprises, the cost of business insurance has been rising. The primary drivers of the cost increase in coverage have been workers compensation and general liability insurance. In order to offer our clients business insurance options that are more reasonably priced, we have teamed with our insurance providers. Find out more about our alternatives for contractor package insurance:
- Employee Benefits and Employer Liability
- Liability for umbrellas and more
- Both Personal and Commercial Property
- Contractors' Liability Insurance
Not every class code or every line of insurance coverage will be offered in every state. For information on our general liability and workers compensation insurance programs, get in touch with one of our workers compensation specialists.
How Much is Contractors Insurance?
Depending on the state, our clients typically pay between $5.25 and 10.25 per $100 of payroll for workers compensation under the construction class code. A general liability insurance coverage typically costs $1,100.00.
Workers Comp Costs
- Work Comp costs are determined by payroll.
- Your cost will be influenced by your state and EMR rating.
- The nature of the construction project may alter prices.
- There may be premium reductions and policy credits.
General Liability Costs
- Contractor GL rates are determined by payroll (rated at $1000).
- Pricing may be impacted by gross revenue.
- For underwriters, the nature of the task counts.
- Pricing is impacted by years in company and prior claims.
- Industry-specific SIC codes differ
Do Independent Contractors Need Workers Comp Insurance?
The majority of states mandate that contractors maintain workers compensation insurance, even in the absence of any W-2 workers. Furthermore, the majority of larger contractors that use independent contractors as subcontractors demand that they carry insurance. Otherwise, using an uninsured subcontractor will probably require them to pay an extra premium.
Purchasing a workers compensation ghost coverage is a frequent practice among small independent contractors who do not anticipate hiring any staff members during the policy period. Even though they offer the insured contractor relatively little benefit, ghost policies frequently meet other contractor requirements.
How To Get Workers Comp
How Do I Get Started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Real Agents, Fast Insurance Quotes
Compared to other insurance companies or organizations offering online workers compensation estimates, Workers Compensation is unique. We are authorities on ownership regulations, class codes, audits, and state legislation. The best workers compensation insurance quotes from reputable carriers are obtained through our quote procedure. Check it out for yourself. Give our professionals a call at or begin your online workers compensation quote request right now. You’ll be happy that you did.
Workers Compensation Info
- What is Workers Compensation?
- Workers Compensation Class Codes
- Experience Modification Rates
- How Much Does Workers Comp Cost?
- Workers Compensation by State
Workers Comp Programs
- Best Selling Workers Comp Programs
- Pay As You Go Insurance
- Self Monthly Workers Comp Reporting
- The Hartford Workers Compensation
- Multi-State Workers Comp Coverage
Employer Resources
- Workers Compensation Rates
- Rules for Workers Comp
- Frequently Asked Questions
- Find a Workers Comp Form
- Get Workers Compensation Quotes
Customer Service
- Certificate of Insurance
- Make a Payment
- Report a Claim
- Workers Compensation Insurance Audits
- Staff Directory
National Broker Services
- Insurance Agents
- Payroll Service Companies