As a painter in Oregon, 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 Oregon painters need, including costs based on our analysis of actual quotes from leading carriers.
Don’t let your business run thin – explore our overview of professional painter insurance.
General Liability Insurance for Oregon Painters
Based on our analysis of over 800 quotes from leading carriers, here are the typical general liability insurance costs for Oregon painters:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,600 | 1.1% | $1,000 | 38% |
| $500K | $4,100 | 0.8% | $2,300 | 44% |
| $1M | $7,900 | 0.8% | $3,500 | 56% |
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 Oregon Painters
Worker’s compensation insurance is mandatory for Oregon painters with employees. Based on our analysis, Oregon painting contractors typically pay:
- Per Employee Cost: $1,456 annually
- Cost per $100K Payroll: $3,620
Key factors affecting premiums:
- Painter classification code (5474)
- Total annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Oregon
1. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Coverage limits: $5,000-$15,000+
- Protects painting equipment and tools
- Coverage for theft, damage, and loss
2. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person, $300K per accident
- Covers work vehicles and liability
- Higher limits recommended ($500K-$1M)
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Covers faulty workmanship claims
- Includes professional negligence
4. Commercial Property Insurance
- Cost: $1,000-$5,000 annually
- Protects storage facilities and offices
- Covers paint inventory and supplies
- Protection against fire, theft, weather damage
5. Surety Bonds
| 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 Oregon Painter Liability with ContractorNerd
ContractorNerd’s experts make painter insurance simple, efficient, and data-driven through:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Painter-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy when needed
Our team of painting insurance specialists helps you:
- Optimize coverage for your specific risks
- Find competitive rates
- Bundle policies for additional savings
- Ensure compliance with Oregon regulations
Contact ContractorNerd today to get tailored quotes for your Oregon painting business.