Independent Contractor Liability Insurance: Complete Guide
Why Independent Contractors Face Greater Liability Exposure
Unlike employees, independent contractors carry their own liability. If you damage a client's property, injure someone, or make a costly professional error, you bear full financial responsibility — unless you have appropriate insurance.
Estimated Annual Costs for IC Insurance Package
| Coverage | Solo Contractor Annual Cost |
|---|---|
| General Liability ($1M) | $400–$900 |
| Professional Liability ($1M) | $700–$2,000 |
| Tools & Equipment ($10K) | $150–$350 |
Frequently Asked Questions
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