Is Painter’s Insurance Necessary? What does it Cover?

Legal insurance requirements vary state by state. Some require all contractors to carry a general liability policy at the minimum, while others require more coverage to sign contracts with a client. If your state does not require you to carry a general liability policy, most clients will still request proof of coverage prior to starting a project. Liability insurance may not seem necessary for painters; however, accidents do happen, and it is best to be prepared and mitigate financial harm. 

Here are some common liability claims we file for painters:

How much does Painter’s Insurance Cost?

A tFarmer Bronw, we individualize insurance policies based on our clients’ unique and personal needs. For this reason, the cost of painter’s insurance varies greatly between clients. Painting insurance may not pose as many risks to insurance carriers, but policies are still necessary and might come at a more affordable price. We assess many factors when determining the cost and coverage of a policy:

• Size of business: A greater number of employees increases the odds of an accident occurring, which can then increase the cost of an insurance policy.
• Business Location: Varying state/regional laws surrounding insurance requirements could affect the cost of your policy. Additionally, the location of projects could influence the cost of painter’s insurance.
• Company’s Claims History: In general, the fewer claims your company has experienced will result in a more affordable policy.
• Age of Company: Insurance agencies have an easier time establishing trust with older companies. Length of business proves trustworthiness, quality of work, and client satisfaction. Age is not everything but will likely lower the perceived risk in the eyes of an insurance agency.