What is the average cost of construction insurance?
There is no one construction insurance cost that will encompass all construction-related businesses, as rates depend on the business that is being insured, the workers, the type of construction being done, average revenue, private or government, and the typical size of the projects being done. However, for average figures, Bullfrog has the following statistics:
- Generally, construction insurance will cost as low as $529/year.
- This averages out to a minimum of $44/month.
Your business may pay around or more than this depending on its risks and the variables specific to the way you operate. If cost is a concern of yours, discuss with Bullfrog’s construction insurance brokers for suggestions on ways to reduce your rates.