As a painting contractor in Illinois, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the insurance coverages Illinois painters need, including costs based on our analysis of actual quotes from leading carriers.
Add depth to your understanding with our guide to painter service coverage.
General Liability Insurance for Illinois Painters
Based on analysis of over 800 quotes from leading carriers, here are typical general liability insurance costs for Illinois painting contractors:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,950 | 2.0% | $2,070 | 30% |
| $500K | $7,250 | 1.5% | $4,430 | 39% |
| $1M | $15,540 | 1.6% | $7,150 | 54% |
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
Coverage includes:
- Property damage from painting operations
- Bodily injury to clients or bystanders
- Products and completed operations
- Paint overspray damage
Worker’s Compensation Insurance for Illinois Painters
Illinois requires workers’ compensation insurance for painting contractors with employees. Based on our analysis, Illinois painters typically pay:
- Average cost per employee: $2,907 annually
- Cost per $100K of payroll: $5,970
Key factors affecting premiums:
- Painter classification code (5474)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Illinois
1. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Coverage for work vehicles and paint transport
- Standard limits: $100K/$300K bodily injury, $100K property damage
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Protects painting equipment and tools
- Coverage limits: $5,000-$15,000+
3. Commercial Property Insurance
- Protects workshops, offices, and paint storage
- Annual premiums: $1,000-$5,000
- Coverage based on property value and location
4. Contractor’s E&O Insurance
- Coverage for faulty workmanship claims
- Annual premiums: $50-$500
- Limits from $10,000 to $1M+
5. Commercial Umbrella Insurance
- Additional liability coverage
- Annual premiums: $500-$1,000
- Typical limits: $1M-$2M
Get Illinois Painter Liability with ContractorNerd
ContractorNerd makes painter insurance simple and data-driven through:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Painting contractor insurance expertise
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our painting insurance specialists help you:
- Find optimal coverage based on your specific risks
- Access competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with Illinois regulations
Contact ContractorNerd today for customized quotes and expert guidance on your painting contractor insurance needs.