As a painter in North Dakota, having proper insurance coverage is crucial for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the essential insurance coverages North Dakota painters need, including costs based on our analysis of actual quotes from leading carriers.
Apply a thick coat of knowledge with our overview of painting business insurance options.
General Liability Insurance for North Dakota Painters
Based on our analysis of insurance quotes from leading carriers, here are the typical general liability insurance costs for painters in North Dakota:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,700 | 1.1% | $1,200 | 29% |
| $500K | $5,100 | 1.0% | $4,200 | 18% |
| $1M | $9,800 | 1.0% | $6,500 | 34% |
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
Key coverage includes:
- Property damage during painting operations
- Bodily injury to clients or bystanders
- Products and completed operations
- Paint overspray damage
- Slips and falls from painting equipment
Worker’s Compensation Insurance for North Dakota Painters
Worker’s compensation insurance is mandatory for North Dakota painting contractors with employees. Based on our analysis, the typical costs are:
Average Cost Per Employee: $1,100 annually
Cost Per $100K Payroll: $2,540
Key factors affecting premiums:
- Employee classification codes (mainly code 5474 for painters)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
North Dakota offers some of the most competitive workers’ compensation rates in the country for painters.
Additional Business Insurance for Painters in North Dakota
Beyond general liability and workers’ compensation, North Dakota painters should consider:
1. Commercial Auto Insurance
- Typical cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person, $300K per accident
- Covers business vehicles and liability from accidents
- Essential for vehicles used to transport equipment and materials
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Protects painting equipment during transport and at job sites
- Covers both owned and rented equipment
3. Contractor’s E&O Insurance
- Cost: $50-$500 annually
- Covers claims related to faulty work or professional negligence
- Policy limits: $10,000-$1M+
- Important for larger commercial painting projects
4. Commercial Property Insurance
- Premiums: $1,000-$5,000 annually
- Protects warehouses, shops, and paint inventory
- Coverage for fire, theft, vandalism, and weather damage
- Essential for painters with physical locations
5. Surety Bonds
- Premium: 1-3% of bond amount
- Costs vary by credit score
- Required for certain contracts and licenses
- Guarantees work quality and contract completion
Get North Dakota 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 expertise and guidance
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our team of painting 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 state regulations
- Manage certificates and policy updates
Contact ContractorNerd today for tailored quotes and expert guidance on your painting insurance needs. Our data-driven approach and industry expertise ensure you get the right coverage at competitive rates while meeting all North Dakota requirements for painting contractors.