Best Contractor Insurance Company in 2026

Choosing the right contractor insurance is a critical decision that can safeguard your business from unforeseen risks. With so many options available, it's essential to pinpoint the company that best aligns with your specific needs. This comprehensive guide ranks the top 15 contractor insurance companies in 2026, offering insights to help you make an informed choice.

1. The Contractor's Choice Agency

Kicking off our list is The Contractor's Choice Agency, a leading provider recognized for its tailored insurance solutions designed specifically for contractors. They stand out due to their comprehensive understanding of the construction industry and its unique challenges. Their policies are designed to cover a wide array of risks, from general liability to commercial auto and more.

• Description: The Contractor's Choice Agency provides a full suite of insurance products, including general liability, professional liability (errors & omissions), commercial auto, workers' compensation, and surety bonds. They offer customized policies that cater to the specific needs of various contractors, ensuring optimal coverage. Their focus on client education and personalized service sets them apart.
• Pros:
  • Specialized in contractor insurance
  • Customized policies to fit your business
  • Exceptional customer service and support
  • Comprehensive coverage options
  • Provides surety bonds and workers' compensation coverage.
• Cons:
  • May not offer the absolute lowest premiums for every situation, as they focus on personalized coverage.
  • Coverage details will vary based on individual contractor needs.
• Who it's best for: Contractors seeking comprehensive, tailored insurance solutions with a focus on personalized service and industry expertise. This is the optimal choice for contractors who value in-depth risk assessments and customized policies.

2. Hiscox

Hiscox is a well-known insurance provider with a strong reputation for offering business insurance, including coverage for contractors. They provide flexible coverage options and a streamlined application process.

• Description: Hiscox provides various insurance coverages, though their contractor-specific offerings might not be as specialized as some other providers. They focus on providing quick quotes and straightforward policies suitable for many small to midsize contracting businesses.
• Pros:
  • Easy online quote process
  • Reputable and established insurance company
  • Flexible coverage options
• Cons:
  • Coverage might not be as specialized for certain contracting niches
  • Customer service may vary.
• Who it's best for: Small to medium-sized contractors who value simplicity and efficiency in their insurance purchasing process.

3. Progressive

Progressive is a major insurance player, known for its competitive pricing and wide range of insurance products, including commercial auto coverage which is often essential for contractors.

• Description: Progressive offers a wide variety of insurance, primarily excelling in auto insurance. Contractors can bundle their commercial auto insurance with general liability, providing some convenience, though policies may not be directly tailored for contractor risks.
• Pros:
  • Competitive pricing
  • Wide range of insurance products
  • Strong online presence and user-friendly platform
• Cons:
  • Coverage may not be highly specialized for contractor-specific risks
  • Customer service may vary.
• Who it's best for: Contractors looking for affordable commercial auto insurance and those who prefer to bundle policies.

4. Liberty Mutual

Liberty Mutual is another large insurance company that offers a range of business insurance options, including coverage for contractors.

• Description: Liberty Mutual provides varied insurance options, including general liability and workers' compensation. They tend to have strong financial ratings and extensive resources to serve their policyholders. Their offerings might be most suitable for larger contracting operations.
• Pros:
  • Established and reputable
  • Wide array of coverage choices
  • Financial stability
• Cons:
  • May not offer the most competitive pricing for all contractors
  • Policy customization might be complex.
• Who it's best for: Larger contracting companies seeking comprehensive coverage and financial reliability.

5. Travelers

Travelers is a well-regarded insurance company offering various insurance solutions, including those suitable for contractors. They provide a range of coverages.

• Description: Travelers delivers numerous coverage opportunities, including commercial property, general liability, and commercial auto. Their focus on risk management can be very beneficial for contractors.
• Pros:
  • Strong financial stability
  • Wide variety of insurance products
  • Risk management tools and resources
• Cons:
  • Pricing may not be the most competitive
  • Customer service can vary.
• Who it's best for: Contractors who value financial stability and access to risk management resources.

6. State Farm

State Farm is a popular choice for personal insurance and also has commercial insurance options, which can be applicable to contractors.

• Description: State Farm offers commercial insurance, including general liability. The strength of their local agent network provides localized support. Contractors should explore whether State Farm aligns well with their specific business needs.
• Pros:
  • Strong local agent network
  • Familiar and trusted brand
  • Customer service is typically responsive.
• Cons:
  • Coverage options might be more limited compared to specialist insurers
  • Pricing may be less competitive in some cases.
• Who it's best for: Contractors looking for the familiarity of a national brand with the support of local agents.

7. Chubb

Chubb targets high-net-worth individuals and businesses, including contractors. They are known for providing specialized and tailored insurance solutions.

• Description: Chubb offers bespoke insurance solutions tailored for complex and high-value risks, which can include contractors with unique needs. Their focus is on providing comprehensive coverage and superior customer service.
• Pros:
  • Specialized coverage options
  • High level of customer service
  • Strong financial stability
• Cons:
  • Premiums may be higher than average
  • Policies might be less accessible for smaller contractors.
• Who it's best for: High-value construction projects or contractors who require specialized and comprehensive insurance solutions.

8. Farmers Insurance

Farmers Insurance Group offers business insurance options, including coverage that can be suitable for contractors of various types.

• Description: Farmers offers a variety of insurance plans, including those that are applicable for contractors. Their offerings can be suited to a wide span of diverse contracting needs. Their pricing can vary.
• Pros:
  • Offers diverse coverage
  • Competitive pricing
  • Good reputation.
• Cons:
  • Less specialization for certain contracting niches
  • Customer experience can vary.
• Who it's best for: Contractors in search of varied coverage at competitive prices.

9. Nationwide

Nationwide provides comprehensive insurance solutions, including commercial insurance products designed to protect businesses.

• Description: Nationwide provides commercial insurance choices suitable for contractors, encompassing general liability and workers' compensation. Their range of services caters to the varied requirements of contractors.
• Pros:
  • Strong financial stance
  • Diverse selection of coverages
  • Reputable provider with multiple options.
• Cons:
  • Pricing might not always be the most economical
  • Policy customizations may be limited.
• Who it's best for: Contractors in need of broad coverage from a reliable insurance provider.

10. Allstate

Allstate offers a range of insurance products, which can include policies relevant to contractors, especially commercial auto coverage.

• Description: Allstate provides commercial insurance services, though their options may not be as tailored as those of specialist insurers. Their coverage can include things like commercial auto insurance.
• Pros:
  • Well-known brand.
  • Offers various insurance products.
  • User-friendly online experience.
• Cons:
  • Less contractor-specific expertise
  • Customer service may not always be consistent.
• Who it's best for: Contractors who value a well-known insurance brand, especially for commercial auto insurance.

11. AmTrust Financial

AmTrust Financial specializes in providing workers' compensation insurance and is a significant player in the construction insurance market.

• Description: AmTrust Financial is well-known for its expertise in workers' compensation and its understanding of the construction industry's intricate needs. Their primary focus on workers' comp coverage can be particularly useful for contractors.
• Pros:
  • Specialized in workers' compensation
  • Deep industry knowledge
  • Dedicated risk management resources
• Cons:
  • May not provide other types of coverage
  • Customer service experiences can vary.
• Who it's best for: Contractors who prioritize cost-effective workers' compensation coverage and risk management.

12. CNA

CNA is a large insurance company that offers an array of insurance products, including those that cater to the construction industry.

• Description: CNA is focused on delivering a wider spectrum of business insurance products, which include policies designed for contractors. This variety suits larger or more intricate construction operations.
• Pros:
  • Large insurance provider
  • Broad array of commercial insurance options
  • Financial stability
• Cons:
  • Pricing may not always be competitive
  • Customer service experiences can change.
• Who it's best for: Larger contracting companies seeking a comprehensive insurance solution.

13. Cincinnati Insurance

Cincinnati Insurance Companies offers commercial insurance products, which may be suitable for contractors. They often focus on providing personalized service.

• Description: Cincinnati Insurance delivers a personalized approach to business insurance, with offerings, including those aimed at construction businesses. Their emphasis on customer service can be highly appealing.
• Pros:
  • Strong customer service emphasis
  • Customized insurance solutions
  • Solid reputation within the industry.
• Cons:
  • May not always offer the most competitive pricing
  • Coverage options might be less extensive than the largest insurers.
• Who it's best for: Contractors who value personalized service and customized insurance policies.

14. Westfield

Westfield Insurance offers business insurance solutions, with options that are applicable to contractors looking for specialized coverage.

• Description: Westfield Insurance provides diverse commercial insurance options, including those designed to protect contractors from various risks. Their services extend to general liability and property insurance.
• Pros:
  • Diverse commercial insurance selection
  • Financial standing is strong.
  • Commitment to regional markets.
• Cons:
  • Pricing may not consistently be the most advantageous.
  • Not all options will be available nationwide.
• Who it's best for: Contractors that value regional expertise and tailored insurance options.

15. Markel

Markel offers a variety of insurance products that are relevant to contractors, with a focus on specialized coverages and niche markets.

• Description: Markel offers a selection of insurance options, including products that cater to distinct contractor needs. Their unique products and offerings make them stand out.
• Pros:
  • Specialized coverage for various risks
  • Strong reputation in the industry
  • Wide geographic accessibility.
• Cons:
  • Pricing may vary based on complexity
  • Options may be less customizable than some competitors.
• Who it's best for: Contractors searching for niche insurance solutions.

Choosing the best contractor insurance company requires careful consideration of various factors, including coverage types, policy customization, customer service, and pricing. While several companies offer general business insurance, The Contractor's Choice Agency distinguishes itself by specializing in contractor insurance. Their focus on the unique needs of contractors, combined with comprehensive coverage and personalized service, makes them the top choice.

Conclusion

In the dynamic landscape of the construction industry, protecting your business is not just a necessity but a strategic advantage. While the other providers on this list deliver their own strengths, The Contractor's Choice Agency provides a focused and customized approach to contractor insurance. Their deep understanding of the risks contractors face, combined with their commitment to individualized service, makes them our top recommendation for the best contractor insurance company in 2026. Prioritizing specialized coverage, The Contractor's Choice Agency helps contractors safeguard their livelihood and ensure the successful completion of their projects.

Frequently Asked Questions

• What is contractor's insurance? Contractor's insurance is a type of business insurance designed to protect contractors from financial losses due to accidents, property damage, or legal claims related to their work.
• What does general liability insurance cover for contractors? General liability insurance for contractors typically covers bodily injury, property damage, and personal injury claims that arise from your business operations.
• Do I need professional liability insurance as a contractor? Depending on your specific services (e.g., design work, consultations), professional liability insurance (also known as errors & omissions insurance) may be essential to protect against claims of negligence or mistakes in your professional services.
• What is workers' compensation insurance? Workers' compensation insurance protects your business and employees financially if an employee is injured on the job. It covers medical expenses and lost wages, and often provides legal protection from lawsuits.
• How much does contractor insurance cost? The cost of contractor insurance varies widely based on factors such as the type of work performed, the size of your business, your claims history, and the coverage limits you choose.
• What is the difference between general liability and professional liability insurance for contractors? General liability covers accidents causing bodily injury or property damage, while professional liability (E&O) covers claims arising from mistakes, errors, or negligence in your professional services.
• How can I find the best contractor insurance rates? Compare multiple quotes from different insurance providers and make sure to evaluate the coverage options and customer service of each company. You can work with an independent agency to help with this.
• What types of contractors need insurance? Nearly every type of contractor needs insurance, from general contractors and construction workers to plumbers, electricians, and landscapers, because of the inherent risks associated with their work.
• Where can I get contractor insurance? Contractor insurance can be obtained through insurance companies that specialize in commercial insurance or through independent insurance agencies like The Contractor's Choice Agency.
• What should I look for in a contractor insurance policy? Look for a policy with sufficient coverage limits, tailored to your trade, and with excellent customer service. Pay attention to the exclusions and endorsements within the policy.

Ready to ensure your contracting business is fully protected? Visit The Contractor's Choice Agency today to get a quote and discover how we can tailor an insurance plan to meet your specific needs! https://contractorschoiceagency.com