General contractor insurance in Iowa designed to protect your business
NEXT specializes in providing customized insurance for small businesses and the self-employed. We offer affordable coverage tailored to general contractor business in Iowa so you are always protected against unpredictable events. The most common insurances packages bought by general contractor business in Iowa include:
- General liability
- Professional liability
- Workers’ compensation
- Tools & equipment
- Commercial property
You can save up to 25% on general contractor insurance in Iowa
You can pay for your insurance monthly or annually and you can cancel instantly at any time.
Basic
Lowest Price
General Liability
Per occurrence
$300,000
Tools & Equipment
Per occurrence
$3,000
Workers’ Comp
Per accident
$100,000
Commercial Property
Per occurrence
$25,000
Pro
Most Popular
General Liability
Per occurrence
$1 million
Tools & Equipment
Per occurrence
$5,000
Workers’ Comp
Per accident
$500,000
Commercial Property
Per occurrence
$25,000
Pro Plus
Best Coverage
General Liability
Per occurrence
$1 million
Tools & Equipment
Per occurrence
$10,000
Workers’ Comp
Per accident
$1 million
Commercial Property
Per occurrence
$25,000
Find the right general contractor business insurance in Iowa
We have all the business insurance you might need for your general contractor business in Iowa. And you save up to 10% when you combine coverage.
General Liability
Protection for the injuries, accidents and damage you cause
General liability insurance provides financial protection if an accident happens at your general contractor business, such as a customer injury or damages to someone’s property. It also provides coverage if you have to defend an accusation of libel or slander.
general liability can help you pay for:
Medical payments
Property damage
Legal fees and judgments
Professional Liability (E&O)
Coverage against business mistakes and claims of negligence
Professional liability insurance protects your general contractor business against civil lawsuits and negligence claims related to professional mistakes, whether you actually made them or a client just thinks you did. It can help to cover the cost of defending yourself or reimbursing a client.
professional liability can help you pay for:
Legal defense costs
Legal judgments
Workers' Compensation
For business owners who hire employees
Workers’ compensation insurance helps to make sure workers are taken care of if they’re hurt on the job, while also protecting general contractor business owners from significant financial losses after an accident. It’s legally required in most states for businesses with employees.
workers compensation can help you pay for:
Medical expenses
Lost wages
Employer liability
Tools & Equipment
Protection for your gear and equipment
Tools and equipment coverage makes sure your gear is protected wherever you keep it — in your vehicle, in a trailer or at a job site. If your tools are lost, damaged or stolen, this coverage will help pay for replacements or repairs.nTools and equipment insurance is available as an add-on to our general liability insurance.
inland marine can help you pay for:
Protection for your gear and equipment
Commercial Property
For business owners who own or rent physical spaces
Commercial property coverage helps protect almost all of the physical items you need to run your general contractor business, including your equipment, inventory and furniture. And the business income coverage in your property insurance could help cover the revenue you would have earned after an unforeseen flooding, as well as ongoing business expenses while you are closed.
commercial property can help you pay for:
Damaged equipment and inventory
Lost income
Operating expenses
How much does it cost to get General contractor insurance in Iowa?
The exact amount that a general contractor business can expect to pay for business insurance depends on a number of factors, including:
- The kind of work you do
- How many employees you have
- The number of vehicles you use for work
- How long you’ve been in the industry
Business insurance typically costs a general contractor business in Iowa about $22 each month.†
You automatically save 10% if you combine more than one type of policy together. For example, if you add a commercial auto policy to your existing general liability policy, you’ll save 10% right off the bat.
Why does a General contractor in Iowa need business insurance?
A general contractor business in Iowa needs insurance to help stay protected from financial losses after an accident. It can also offer protection from costs related to business disagreements, and it can help you qualify for licenses. You might need insurance to:
- Align with industry standards and state requirements for a general contractor business.
- Change with your business as you experience fluctuations.
- Hire employees. Most states require workers’ compensation.
- Drive for business purposes. Business-owned vehicles typically need commercial auto insurance.
- Repair or replace property you own or rent. Protect your inventory, equipment and even the building that you lease or own.
Frequently asked questions about general contractor business insurance
Here are some of the most common questions we get about general contractor business insurance. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.
Does NEXT Insurance offer general contractor business insurance in Iowa?
Yes, NEXT Insurance offers tailored general contractor business insurance in Iowa.
Does NEXT Insurance offer Commercial Property coverage for general contractor business in Iowa?
Yes, NEXT Insurance offers General Liability, Professional Liability, Commercial Auto, Workers' Compensation, Tools & Equipment, Commercial Property coverage for general contractor business in Iowa.
How does business insurance protect general contractors?
Our contractor insurance packages are designed to protect your business from a variety of risks and help you save money to grow your business. You can be protected from financial losses related to:
Damage to someone’s property
Your ladder slips and crashes through a living room window. The general liability coverage in your insurance package could help pay for a replacement.**Accidents that hurt someone
A distracted homeowner trips over your extension cord, breaks their ankle and sues you. Your general liability coverage could also come into play here by helping to pay for medical costs and legal fees.Workplace injuries
Your employee has to get medical care and cancel some jobs after they slip and cut their finger with a drill. Workers’ compensation coverage with business owner’s coverage can help cover medical bills and lost wages. Workers’ comp is usually required by law if you have employees.Injuries and damage involving your business vehicles
You get into a fender bender with your work truck that was ruled your fault. Commercial auto coverage can help pay for the repairs and some of the rental costs, depending on the policy limits. This coverage is also usually required by law for business-owned vehicles.Theft or damage to your tools
Motor failure puts your compressor out of commission. The tools and equipment insurance that is optional with your general liability coverage can help pay for replacement and repair costs.Damage to your own property
A water pipe bursts in your office and floods the entire space. Property insurance can help with replacement or repair costs if your owned or leased property is damaged due to a covered event, such as fire, tornado or vandalism.How can I get a certificate of insurance (COI)?
Once you have a NEXT policy, you’ll have 24/7 access to proof of your insurance (also called a certificate of insurance, or COI) via web or app. Log in to your account, download your COI instantly or deliver it via email or text at no additional cost. Get unlimited certificates and add an additional insured as you need them.
What do I need to get an insurance quote online?
It takes about 10 minutes to get a business insurance quote online with NEXT. We’ll ask a few questions about your business — like what you do, your location, how many people you employ and the vehicles you use for work.
You’ll choose your options and see prices. If you like what you see, you can buy online and get a certificate of insurance (proof of insurance) on the spot.
How do you file an insurance claim with NEXT?
If you’re a policyholder, simply log in to your account and file a claim. We’ll contact you shortly to go over the details. Our support team is standing by to help.
Get customized insurance wherever you do business
Learn more about insurance options in the states where you work.
Coverage on-the-go for policyholders
Manage your policies, send and create certificates of insurance, or file a claim with our app.
More professions that are covered by NEXT
Appliance Technician, Carpenter, Concrete Contractor, Debris Removal, Drywall Contractor, Electrician, Excavation Contractor, General Contractor, Handyman, HVAC Contractor, Home Renovation Contractor, Mason, Insulation Contractor, Painters, Paving and Asphalt Contractor, Plumber, Roofing, Siding Installation Contractor, Solar Contractor, Snow Plowing, Welding, Tile, Stone and Flooring Installer, Paperhanger, Fence Installation Contractor, Lawn Care, Landscaping
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
Construction business owners like you trust NEXT
Number of businesses insured
Statistics as of November 2023