Get A Tailored Insurance Quote Today
Protect your concrete contracting business with comprehensive insurance coverage tailored to your unique risks.
Get peace of mind knowing you're covered against costly claims and liability issues.
With the average concrete-related liability claim now exceeding $125,000 and 65% of commercial projects requiring enhanced insurance coverage limits, concrete contractors face unprecedented financial risks in today's construction environment.
At The Allen Thomas Group, we simplify the complex world of contractor insurance, helping you find the right protection at competitive rates.
The Associated General Contractors of America reports that 71% of construction firms faced project delays due to material price volatility in 2023, with concrete prices surging 14.3% year-over-year.
Additionally, the Bureau of Labor Statistics shows a 23% increase in construction-related liability claims since 2020, making comprehensive insurance coverage more critical than ever.
Ready to protect your business?
Get your free quote today or call us at (440) 826-3676.
Your First Line of Defense Against Third-Party Claims
Concrete contractors spend an average of $102 per month, or $1,218 per year, for general liability insurance. This essential coverage protects your business when accidents happen on job sites, including:
Bodily injury claims when someone gets hurt on your worksite
Property damage coverage for damage to client or third-party property
Legal defense costs including attorney fees and court expenses
Product liability protection for issues with completed concrete work
Real-world example: If wet concrete spills onto a client's landscaping, causing $15,000 in damage, your general liability insurance covers the repair costs without impacting your cash flow.
Mandatory Protection for Your Workforce
Most states require businesses with employees to have workers compensation insurance, especially important for high-risk industries like concrete contracting. This coverage provides:
Medical expense coverage for work-related injuries and illnesses
Lost wage replacement while employees recover
Disability benefits for permanent or temporary disabilities
Legal protection from employee lawsuits over workplace injuries
Labor shortages of skilled workers can lead to more injury incidents at job sites, increasing workers' compensation claims volume and driving up insurance costs. Proper coverage ensures you're protected while maintaining compliance with state regulations.
Protect Your Fleet and Equipment
Concrete contractors spend an average of $207 per month, or $2,489 per year, for commercial auto insurance. This coverage is essential for:
Concrete mixer trucks and delivery vehicles
Construction equipment transportation to and from job sites
Liability protection for accidents involving company vehicles
Physical damage coverage for collision, theft, and vandalism
Important note: Your personal auto insurance won't cover vehicles used for business purposes. Commercial auto insurance is mandatory for any business-owned vehicles.
Protection Against Errors and Omissions
The average professional liability policy for contractors costs $65 per month with $1 million per occurrence coverage limits. This specialized coverage protects against:
Faulty workmanship claims discovered after project completion
Design error allegations in concrete specifications
Failure to meet building codes or project specifications
Economic losses resulting from professional mistakes
Professional liability insurance is particularly important for concrete contractors working on commercial projects where building code compliance is strictly enforced.
Project-Specific Protection During Construction
Builders' risk insurance protects ongoing construction projects against:
Weather damage to materials and work in progress
Theft and vandalism of expensive concrete materials
Fire and explosion damage during construction
Equipment breakdown affecting project timelines
Most contractors will see mid-high single digit increases in builders' risk coverage, with carriers increasingly competitive for non-frame projects with favorable loss history.
Safeguard Your Valuable Tools and Machinery
Concrete contractors rely on expensive equipment including:
Concrete mixers and pumps worth tens of thousands of dollars
Finishing tools and screeds essential for quality work
Power tools and generators used on multiple job sites
Backup equipment to maintain project schedules
Contractors with large equipment schedules who have had favorable loss history should expect minimal rate increases in the current insurance market.
Extended Protection Beyond Basic Limits
Concrete contractors pay an average of $131 per month, or $1,566 yearly, for commercial umbrella insurance. This coverage:
Increases liability limits beyond underlying policies
Provides broader coverage for unique situations
Protects personal assets in severe claim scenarios
Offers peace of mind for high-value projects
If you have a claim that settles for $3 million and you only bought $1 million in coverage, your company is on the hook for the remaining $2 million. Umbrella coverage prevents this financial disaster.
With over 20 years of specialized experience, we understand the unique challenges facing concrete contractors across more than 20 states.
Our local Akron, Ohio roots combined with national carrier relationships ensure you get:
Competitive rates through our extensive carrier network
Personalized service from knowledgeable insurance professionals
Fast quote turnaround to keep your projects moving
Claims support when you need it most
Construction insurance premiums of all kinds rose 4.6% in the first quarter of 2024, with auto liability insurance seeing increases of 8% to 18%.
We stay current on market trends to help you navigate:
Changing insurance markets and premium fluctuations
State-specific requirements for contractor licensing
Certificate of insurance management for general contractors
Risk management strategies to reduce claims and premiums
We make obtaining contractor insurance simple:
Tell us about your specific needs and business operations
Review customized quotes from top-rated carriers
Get expert guidance through policy selection
Receive your certificates quickly for job requirements
OSHA reports that concrete-related incidents account for 8% of all construction site accidents, while insurance statistics show that claims reported within 24 hours are resolved 40% faster than those reported later.
The construction industry enters 2025 facing complex economic pressures, with spending leveling off amid high interest rates and policy uncertainty. Key factors affecting insurance include:
Material cost inflation impacting project values and coverage needs
Labor shortages increasing workplace injury risks
Regulatory changes affecting licensing and bonding requirements
Nuclear verdicts driving up liability insurance costs
Contractors are prioritizing employment practices to attract talent, investing in training for quality and safety, and adopting technology for risk mitigation. Modern risk management includes:
Safety training programs to reduce workplace injuries
Technology adoption for improved project management
Quality control measures to prevent workmanship claims
Equipment maintenance to prevent costly breakdowns
Requirements vary by state, but most concrete contractors need:
General liability insurance (typically $500,000 to $1 million)
Workers' compensation (required in most states with employees)
Commercial auto insurance (if using business vehicles)
Surety bonds (for many commercial projects)
Based on industry data, concrete contractors can expect average monthly costs of: $102 for general liability, $207 for commercial auto, $65 for professional liability, and $131 for umbrella coverage. Actual costs depend on:
Business size and number of employees
Coverage limits and deductibles selected
Claims history and safety record
Types of projects and geographic location
Yes, even sole proprietors need insurance protection. Some states require sole proprietors and independent contractors in construction to obtain workers' comp even if they work alone. Additionally:
General contractors require certificates of insurance before allowing subcontractors on job sites
Clients expect professional protection against potential liabilities
Personal assets are at risk without proper business insurance
Time is concrete in our business – it hardens whether you're ready or not. The same principle applies to insurance claims. Follow these steps:
Ensure safety and provide medical assistance if needed
Document everything with photos and witness statements
Contact your insurance provider within 24 hours
Preserve evidence and avoid admitting fault
Cooperate with adjusters throughout the claims process
Implement safety plans to reduce liability risks and consider warranties that guarantee your work to manage exposure and reduce claims likelihood. Additional strategies include:
Maintain good safety records to qualify for discounts
Choose appropriate deductibles to balance premium costs
Bundle coverage types for multi-policy discounts
Work with experienced agents who understand contractor risks
Don't leave your concrete contracting business vulnerable to costly claims and liabilities.
According to recent government statistics, the concrete and cement industry generates over $40 billion annually and employs hundreds of thousands of people, making proper insurance protection essential in this competitive market.
The Allen Thomas Group makes protecting your business simple and affordable.
Our experienced agents understand the concrete contracting industry and work with top-rated carriers to find you comprehensive coverage at competitive rates.
Get your personalized concrete contractor insurance quote in minutes:
📞 Call us directly at :(440) 826-3676 to speak with a licensed agent today
Don't wait until it's too late.
Protect your business, your employees, and your future with comprehensive concrete contractor insurance from The Allen Thomas Group.
