Commercial Umbrella Insurance
How Much Does Commercial Umbrella Insurance Cost for Contractors?
Most contractors pay $500–$1,500 per year for $1M in umbrella coverage. It’s one of the most cost-effective coverages in business insurance — protecting all your liability policies simultaneously.
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How much does commercial umbrella insurance cost for contractors?
The cost depends on your trade type, revenue, number of employees, vehicle count, and loss history. Low-risk trades (painting, carpentry) pay less; high-risk trades (roofing, excavation, demo) pay more per million of coverage.
Comparison: raising your GL from $1M to $2M typically costs $500–$1,000 extra and only extends GL coverage. A $1M umbrella at $500–$700/year covers GL, auto, AND employers liability simultaneously — better value every time.
Trade Safe shops dozens of carriers for umbrella pricing. Placing umbrella with your existing GL carrier often generates a 5–15% multi-policy discount. Contact us for a bundled quote.
Get umbrella coverage today.
Trade Safe shops dozens of A-rated carriers to find the right commercial umbrella policy for your contracting business.