Workers' Compensation for contractors

An experience modification factor (mod) compares your actual loss history to the expected losses for your payroll and class codes. A mod below 1.0 means you've had fewer claims than expected and you pay less. A mod above 1.0 means more claims than expected and you pay more. It's recalculated annually after three years of coverage.

At audit, the carrier verifies your actual payroll against what you reported at the start of the policy. If you underreported payroll, you owe additional premium. If you overreported, you get a refund. The audit also verifies subcontractor status — if a sub doesn't have their own coverage, their payroll is often added to your audit.

Cost depends on trade, revenue, payroll, crew size, and loss history. We quote your actual operation in about 15 minutes — never a generic ballpark from a standard commercial form.

Yes. Contractors Choice Agency is licensed in all 50 states and writes contractor programs nationwide across every trade.

Typically 15 minutes on a call. We ask about your trade, revenue, payroll, loss history, and coverage needs — then come back with real quotes from specialty contractor markets.

Often yes. We have admitted and E&S markets for contractors with prior GL claims, workers' comp losses, or difficult project types. Tell us your situation and we'll find a market.

Usually yes. A coordinated program closes gaps between policies and is typically cheaper and cleaner than separate policies from separate carriers — especially at claim time.

A.M. Best ratings reflect a carrier's financial strength and ability to pay claims. We place coverage with A-rated carriers so the coverage is there when a completed-ops claim, a workers' comp injury, or a tools theft hits.

Occurrence covers claims from work done during the policy period, whenever filed. Claims-made covers only claims filed while the policy is active. For contractors with completed-operations exposure, occurrence-based GL is strongly preferred.

Yes. Some GCs require blanket AI endorsements; others specify specific endorsement forms (CG 20 10, CG 20 37). We review your subcontract requirements and build the AI endorsements to match exactly what's required.

Trade type, annual revenue, payroll and crew size, vehicles, tools value, project types, current coverage, and loss history. The more detail, the more accurate the quote.

Yes — and you should if you provide design-build, specifications, project management, or consulting services. GL doesn't cover errors in professional services; E&O/professional liability is a separate policy that does.

Request a copy of your GL policy form and look for endorsements titled 'exclusion — work performed by subcontractors' or 'independent contractor exclusion.' If you're not sure, send us the policy and we'll review it.

Your GL policy has two aggregates: the general aggregate covers premises/operations claims; the products-completed operations aggregate covers completed-operations claims. These are separate pools — check both limits, not just the general aggregate.

Yes. Most of our carrier programs offer monthly or quarterly installment payment options. We can structure your program payments to match your project billing cycle when possible.

New ventures are insurable — often at the same rates as established operations with clean loss histories. Some carriers require more information for startups; we know which markets are new-venture friendly.