Slash insurance costs contractor insurance package GL WC

Real-World Examples and Statistics

According to the National Association of Insurance Commissioners, the average cost of General Liability insurance for small businesses is approximately $500 to $1,000 annually, while Workers' Compensation premiums can vary widely based on factors like payroll size and industry risk level¹. However, contractors who take advantage of bundled packages and safety discounts can see significant reductions in these costs. For instance, a contractor in California reported saving over 20% on their annual premiums by consolidating their policies with a single provider and implementing a comprehensive safety program².