Insurance is essential for protecting your painting business in Arkansas. This guide breaks down insurance requirements, costs, and coverage options based on our analysis of actual quotes from leading carriers.
Paint yourself a brighter future – read our overview of painting contractor insurance.
General Liability Insurance for Arkansas Painters
General liability insurance protects your painting business from third-party claims of property damage and bodily injury. Based on our analysis of over 1,100 painter quotes, here are the typical costs for Arkansas painters:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,600 | 1.1% | $1,200 | 25% |
| $500K | $3,800 | 0.8% | $2,700 | 29% |
| $1M | $8,000 | 0.8% | $4,100 | 49% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of interior and exterior painting work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Arkansas Painters
Worker’s compensation insurance is mandatory for Arkansas painters with employees. Based on our analysis, Arkansas painters typically pay around $1,002 per employee annually for workers’ compensation coverage.
For Arkansas painters, workers’ compensation costs average $2,810 per $100,000 of payroll, which is among the lowest rates nationally.
Key factors affecting premiums:
- Employee classification codes (primarily code 5474 for painters)
- Annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Arkansas
Beyond general liability and workers’ compensation, Arkansas painters should consider:
1. Commercial Auto Insurance
- Typical cost: $1,500-$3,050 per vehicle annually
- Required for business-owned vehicles
- Standard limits: $100K per person/$300K per accident/$100K property damage
2. Tools & Equipment Coverage (Inland Marine)
- Cost: $200-$2,000 annually
- Coverage limits: $5,000-$15,000+
- Protects painting equipment and tools during transport and at job sites
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Covers claims related to faulty work or professional negligence
4. Bonds
- Required for certain contracts
- Typical amounts: $5,000-$25,000
- Premium: 1-3% of bond amount based on credit score
5. Commercial Property Insurance
- Protects warehouses, shops, and offices
- Annual premiums: $1,000-$5,000
- Coverage for fire, theft, vandalism, and weather damage
Get Arkansas Painter Liability with ContractorNerd
ContractorNerd specializes in making liability and business insurance simple, efficient, and data-driven for Arkansas painters. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Painter-specific expertise and guidance
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our team of painting insurance specialists can help you:
- Optimize coverage levels based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with state regulations
To get started with tailored quotes for your Arkansas painting business, visit our online quote tool or speak with one of our painting insurance specialists today.