From North Dakota Workers’ Compensation Insurance to General Liability, Commercial Auto Insurance & More. We Are Your Easy & Stress Free Construction Insurance Provider in North Dakota State!
As a contractor in North Dakota, you are responsible for providing quality services to your clients while also ensuring the safety of your workers. However, accidents and unexpected events can occur on the job, leading to costly damages and legal issues. That’s where contractor insurance comes in.
North Dakota premiums often come in below the national average, helped by lower labor costs and a favorable claims environment. These estimates are for general liability insurance only and assume a general contractor carrying commonly requested $1M per occurrence / $2M aggregate limits. Actual premiums vary based on payroll, annual revenue, subcontractor cost, type of work, claims history, location, policy limits, endorsements, and carrier underwriting appetite.
| Annual Revenue | Estimated Annual Premium Range | Estimated Monthly Cost |
|---|---|---|
| $50,000 | $550 – $1,100 | $46 – $92/mo |
| $100,000 | $725 – $1,700 | $60 – $142/mo |
| $150,000 | $1,025 – $2,375 | $85 – $198/mo |
| $250,000 | $1,650 – $3,750 | $138 – $312/mo |
| $500,000 | $2,850 – $6,400 | $238 – $533/mo |
| $750,000 | $4,350 – $8,750 | $362 – $729/mo |
| $1,000,000 | $5,400 – $11,150 | $450 – $929/mo |
Disclaimer: These pricing examples are estimates for informational purposes only. General liability insurance is commonly required by project owners, commercial clients, landlords, lenders, and general contractors before work begins.
North Dakota contractors general liability insurance is a type of insurance that protects contractors from financial loss due to third-party claims of bodily injury, property damage, and personal and advertising injury. These claims may be made by clients, customers, or other parties who are not employed by the contractor.
General liability insurance covers the costs associated with defending against these claims, as well as any damages or settlements that may be awarded. It can provide financial protection for a contractor’s business, as well as peace of mind knowing that they are protected against unexpected financial losses.
Some examples of situations where general liability insurance may provide coverage include:
North Dakota workers’ compensation insurance is a type of insurance that provides benefits to employees who are injured on the job. This insurance is required by law in North Dakota, and it is designed to cover the costs of medical treatment and lost wages for employees who are injured while working.
Workers’ compensation insurance is provided by the employer and is typically required for all businesses with one or more employees. It is important for employers to have workers’ compensation insurance, as it helps to protect their business from financial loss due to employee injuries and can help to ensure that injured employees receive the medical treatment and financial support they need.
Some examples of situations where workers’ compensation insurance may provide coverage include:
North Dakota commercial auto insurance is a type of insurance that provides coverage for vehicles used in a business setting. This can include cars, trucks, vans, and other vehicles that are used to transport goods or people for commercial purposes.
Commercial auto insurance is typically more comprehensive than personal auto insurance, as it is designed to cover the unique risks associated with using a vehicle for business purposes. This may include higher limits of liability, coverage for vehicle damage caused by business use, and coverage for specialized equipment such as a plow on a truck.
Some examples of situations where commercial auto insurance may provide coverage include:
North Dakota builders risk insurance is a type of insurance that provides coverage for buildings or structures under construction. It is designed to protect against financial loss due to damage or destruction of the building or structure during the construction process.
Builders risk insurance can provide coverage for a variety of risks, including fire, wind, lightning, and vandalism. It may also provide coverage for materials, equipment, and tools that are being used in the construction process.
Some examples of situations where builders risk insurance may provide coverage include:
North Dakota inland marine insurance is a type of insurance that provides coverage for movable property that is transported by land, water, or air. This can include a wide range of property, such as goods being transported for commercial purposes, equipment being used in a construction project, or valuable personal property being shipped across the country.
Inland marine insurance is designed to provide protection for these types of risks, as traditional property insurance policies may not cover them. It can provide coverage for losses or damage to the property, as well as any liability that may arise in the event that the property causes damage to someone else’s property.
Some examples of situations where inland marine insurance may provide coverage include:
North Dakota commercial umbrella insurance is a type of insurance that provides additional liability coverage above and beyond the limits of an underlying policy. It is designed to provide additional protection for businesses in the event of a catastrophic loss, such as a large settlement or judgment in a liability lawsuit.
Commercial umbrella insurance can provide coverage for a variety of risks, including liability arising from a business’s operations, products, or services. It can also provide coverage for personal liability, such as defamation or invasion of privacy.
Some examples of situations where commercial umbrella insurance may provide coverage include:
ACORD (Association for Cooperative Operations Research and Development) certificates are standardized insurance documents that are used in the industry to provide proof of insurance coverage. In North Dakota, ACORD certificates may be used by contractors and other businesses to provide evidence of insurance coverage to clients, customers, or other parties.
ACORD certificates can provide information on the type of insurance coverage that a business has, the limits of the coverage, and the duration of the coverage. They can be used to provide proof of coverage for a variety of insurance types, including general liability, workers’ compensation, and commercial auto insurance.
ACORD certificates are important for businesses in North Dakota, as they can provide documentation of insurance coverage to clients and customers, helping to establish trust and credibility.
As a contractor in North Dakota, it is important to have the right insurance coverage to protect your business and financial assets. There are a variety of insurance options available, including general liability insurance, workers’ compensation insurance, commercial auto insurance, builders risk insurance, inland marine insurance, and commercial umbrella insurance.
Working with our insurance firm can help you to understand your insurance needs and choose the right coverage for your business. Our experienced insurance professionals can help you to navigate the various options and find the coverage that best meets your needs.
If you want to get the best coverage now, from the best carriers and at the lowest price, call us at (888) 973-0016 or click for a free quote. We can assist you and answer all your questions 24/7!
Get answers to your most common questions from Contractors Liability
Most ND contractors need a $1,000,000/$2,000,000 policy. Local municipal permit offices and commercial project contracts universally mandate these limits before you can pull building permits or win bids.
Work trucks require a $1,000,000 combined single limit (CSL). This satisfies commercial jobsite requirements across the state and protects your business assets against catastrophic highway accident lawsuits.
ND is a monopolistic state; you must buy workers’ comp directly through Workforce Safety & Insurance (WSI) if you have even one employee. Bypassing this triggers severe state penalties and stop-work orders.
No. Standard liability policies exclude sub claims unless you enforce risk transfer. Always collect a Certificate of Insurance (COI) making you an Additional Insured with primary, non-contributory terms.
Partner with an independent agent to audit your class codes, payroll, and revenue. We cross-shop multiple top-rated private carriers for your general liability to optimize your total overhead cost.
