Save Big on Construction Developer Insurance Quotes Now
Real-World Examples and Data
According to the National Association of Insurance Commissioners (NAIC), the average cost of general liability insurance for small businesses in the construction industry ranges from $400 to $600 annually per $1 million in coverage1. However, rates can vary significantly based on the size of the project, location, and the specific risks involved.
Furthermore, a report by the Occupational Safety and Health Administration (OSHA) indicates that implementing effective safety programs can reduce workplace injuries by up to 40%, which can, in turn, decrease insurance costs2.