Construction Subcontractors Access High Limit Liability Insurance Secrets
Cost Considerations and Potential Savings
The cost of high-limit liability insurance varies based on factors such as the size of the subcontractor's business, the scope of work, and the coverage limits required. On average, subcontractors can expect to pay between $500 to $1,500 annually for a basic policy, with costs increasing for higher limits1. However, many insurance providers offer discounts for bundling policies or maintaining a good claims history. It’s advisable to browse options and compare quotes from multiple insurers to find the best deal.