As a painter in Virginia, 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 Virginia painters need, with costs based on our analysis of actual quotes from leading carriers.
Keep your business from fading by learning about painter business operations insurance.
General Liability Insurance for Virginia Painters
Based on our analysis of insurance quotes from leading carriers, here are the typical general liability insurance costs for painting contractors in Virginia:
| Revenue Level | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,100 | 0.7% | $800 | 27% |
| $500K | $2,700 | 0.5% | $1,700 | 37% |
| $1M | $5,100 | 0.5% | $3,300 | 35% |
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 Virginia Painters
Workers’ compensation insurance is mandatory for Virginia painting contractors with 3 or more employees. Based on our analysis:
- Average cost per employee: $2,066 annually
- Cost per $100K of payroll: $4,670
Key factors affecting premiums:
- Employee classification codes (primarily code 5474 for painters)
- Total annual payroll
- Claims history
- Company safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Virginia
1. Commercial Auto Insurance
- Annual premiums: $1,500-$3,050 per vehicle
- Standard limits: $100K per person, $300K per accident
- Higher limits recommended ($500K-$1M)
2. Tools & Equipment Coverage (Inland Marine)
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Covers painting equipment and tools
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against claims of faulty workmanship
4. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Protects workshops, storage facilities
- Coverage for equipment, supplies, paint inventory
5. Surety Bonds
- Premium: 1-3% of bond amount
- Cost varies by credit score:
- $5,000 bond: $100-$400
- $10,000 bond: $100-$1,000
- $15,000 bond: $150-$1,500
Get Virginia Painter Liability with ContractorNerd
ContractorNerd’s experts make getting painter insurance simple and data-driven through:
- 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 painting contractor insurance specialists 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 Virginia regulations
Contact ContractorNerd today for customized quotes tailored to your Virginia painting business.