Pricing and cost drivers
Most builders want one number. The honest answer is a range, and here is what sets where you land in it.
Get my price rangeYour trade and classification
Estimated annual payroll
Whether you use subcontractors
Your state and claims history
The single biggest driver. Payroll is the exposure base for most construction classifications.
If you use subs without their own coverage, their payroll can be charged to you at audit.
Roofing and concrete price far above painting or finish carpentry.
Some carriers rate on revenue or on the size of the projects you take on.
Prior losses follow you for five years in most rating plans.
Minimum limits, filing fees and available markets vary by state.
Usually classification or payroll. A roofer and a painter can have the same revenue and premiums that differ by a factor of four.
Sometimes, but on liability the deductible is per claim and construction claims are rarely small.
On an auditable policy, yes. That is why accurate payroll reporting matters more than a low estimate.
Only if it includes the endorsements your contract requires. A cheap policy that fails the requirement costs you the job.
Give us your trade and payroll and we will tell you where you should land.
