As a painting contractor in Idaho, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the key insurance coverages Idaho painters need, with costs based on our analysis of actual quotes from leading carriers.
Our research analyzes over 800 insurance quotes for painting contractors to provide accurate, current premium data and potential savings opportunities. Whether you’re a solo painter or managing a larger painting company, understanding your insurance options and costs is crucial for making informed decisions.
Don’t cut corners – read our complete overview of painting operation insurance.
General Liability Insurance for Idaho Painters
Based on our analysis of insurance quotes from leading carriers, here are the typical general liability insurance costs for Idaho painting contractors:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,400 | 0.9% | $1,100 | 21% |
| $500K | $3,900 | 0.8% | $2,500 | 36% |
| $1M | $7,500 | 0.8% | $3,800 | 49% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial painting work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Idaho Painters
Worker’s compensation insurance is required for Idaho painting contractors with employees. Based on our analysis, typical costs are:
| Metric | Cost |
|---|---|
| Premium per Employee | $2,909 |
| Premium per $100K Payroll | $8,850 |
Key factors affecting premiums:
- Employee classification codes (primarily code 5474 for painters)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Idaho
1. Commercial Auto Insurance
- Annual premiums: $1,500-$3,050 per vehicle
- Standard limits: $100K per person/$300K per accident/$100K property damage
- Higher limits ($500K-$1M) recommended for larger operations
2. Tools & Equipment Insurance (Inland Marine)
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
3. Contractors’ E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers claims related to faulty work and professional negligence
4. Painter’s Bond
Coverage amounts and typical premiums:
| Bond Amount | Excellent Credit | Good Credit | Bad Credit |
|---|---|---|---|
| $5,000 | $100-$150 | $150-$200 | $200-$400 |
| $10,000 | $100-$300 | $300-$500 | $500-$1,000 |
| $15,000 | $150-$400 | $400-$750 | $750-$1,500 |
Get Idaho Painter Liability with ContractorNerd
ContractorNerd makes getting painter insurance simple and data-driven. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Painter-specific expertise
- Streamlined application process
- Ongoing policy management support
Our team of painting contractor insurance specialists helps you:
- Optimize coverage based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with Idaho regulations
Contact ContractorNerd today for customized quotes tailored to your Idaho painting business.