How Much Does Plastering Insurance Cost? 2025 Rates

Plastering companies in the United States typically spend between $1,080 and $1,200 per year on comprehensive business insurance. That equals about $90 to $100 per month.

What Drives Premiums

Several factors influence how much coverage will cost:

• Business size – Larger firms with more projects and higher revenue face greater exposure than small, single-crew operations.
• Annual revenue – Higher earnings often mean more clients and bigger projects, which can increase liability risks.
• Number of employees – More staff raises workers’ compensation requirements and overall risk.
• Type of plastering work – Specialized or high-risk jobs (e.g., exterior plastering on tall structures) cost more to insure than routine interior work.
• Claims history – A clean record helps keep premiums lower, while past claims can drive rates up.
• Location – Operating in urban or high-crime areas typically raises costs compared to suburban or rural regions.
• Safety practices – Strong safety programs and well-maintained equipment can reduce accidents and help lower premiums.

Why It Matters

Understanding these cost drivers helps plastering businesses budget wisely and select coverage that matches their risks. With the right plan, they can protect their employees, tools, and clients without overspending.

How Much Does Plastering Insurance Cost?

On average, plastering businesses in the United States spend between $1,080 and $1,200 annually on business insurance. That equals about $90 to $100 per month. These figures are only estimates, and the actual premium depends on the details of your operation.

Why Costs Differ

Every plastering company faces unique risks. A solo plasterer handling small residential projects will typically pay far less than a large contracting firm managing multi-story commercial jobs with several employees.

The type of plastering services you provide, the scale and height of the work, the tools and materials used, and your business location all play a major role in shaping costs. For example, firms operating in regions with heavy construction activity or stricter regulations may face higher premiums. Likewise, jobs involving scaffolding or other high-risk environments often require more liability and workers’ compensation coverage.

Key Cost Drivers

Several factors influence how much you’ll pay for coverage:

• Number of employees – More staff increases workers’ compensation and liability requirements.
• Property size and value – Larger facilities or costly equipment raise property coverage costs.
• Claims history – Filing past claims often raises premiums, while a clean record can lower them.
• Business interruption and add-ons – Extra coverage options add to the total bill.

Why This Matters

Understanding these variables helps plastering businesses estimate insurance needs more accurately and budget for the real costs of protecting their company. With the right coverage, you can safeguard your employees, tools, and clients without overspending.

Average Plastering Insurance Costs For Coverage Types

When it comes to protecting your plastering business, different types of insurance cover different risks. Understanding the average cost, coverage details, and what influences pricing for each policy type can help you build a more effective insurance plan. Here’s a closer look at the major coverages most plastering businesses need.

General liability insurance: $90 per month

Business owner’s policy: $100 per month

Workers’ compensation: $260 per month

Commercial auto insurance: $170 per month

Contractor’s tools and equipment: $14 per month

Professional liability insurance: $80 per month

General Liability Insurance

The average cost of general liability insurance for a plastering business is about $90 per month.

General liability covers third-party bodily injury, property damage, and advertising injuries. For example, if a homeowner trips over your plastering tools left on the floor and gets injured, this policy would help cover their medical expenses and any legal fees if they decide to sue your business.

Typical policy limits are $1 million per occurrence and $2 million aggregate.

Factors that influence the cost include the business size, location, customer traffic volume, previous claims history, and any subcontractors or additional insured endorsements.

Average annual premiums by state:

Note: These estimates are based on average national General Liability Insurance premiums for plastering businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on business size, project scope, claims history, geographic risks, and insurer underwriting practices.

Business Owner’s Policy (BOP)

The average cost of a business owner’s policy (BOP) is about $100 per month for plastering business.

A BOP bundles general liability insurance with commercial property insurance. It protects against customer injuries, property damage, and loss or damage to your plastering business’s tools, equipment, and workspace. For example, if a fire breaks out in your workshop and damages your plaster mixers, scaffolding, and office space, the BOP would help cover the cost of repairs and replacements.

Typical policy limits are $1 million per occurrence and $2 million aggregate for liability, with separate property coverage limits based on the value insured.

Cost factors include the property value, location risk, business revenue, number of employees, and any optional endorsements business interruption insurance.

Average annual premiums by state:

Note: These estimates are based on average national Business Owner’s Policy (BOP) premiums for plastering businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on business size, property value, claims history, geographic risks, and insurer underwriting practices.

Workers’ Compensation Insurance

The average cost of workers’ compensation insurance for a plastering business is around $260 per month.

Workers’ comp covers medical bills, rehabilitation, and lost wages for employees injured on the job. For example, if a plasterer falls from scaffolding while working on a ceiling and breaks their arm, workers’ compensation would cover their medical treatment and a portion of their lost wages during recovery.

Policy limits are regulated by each state, but typically include medical costs and a percentage of lost wages without a set cap.

Premiums are influenced by the size of your payroll, the type of work employees perform, your claims history, and any implemented safety programs.

Average annual premiums by state:

Note: These estimates are based on average national Workers’ Compensation Insurance premiums for plastering businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on payroll size, number of employees, claims history, geographic risks, and insurer underwriting practices.

Commercial Auto Insurance

The average cost of commercial auto insurance for plastering businesses is about $170 per month.

Commercial auto insurance covers vehicles owned or used by the business for accidents, theft, vandalism, or damage. For example, if one of your employees crashes a company van while transporting plastering materials to a job site, this policy would cover the repair costs and any third-party injury or property damage claims.

Factors influencing the cost include the number and type of vehicles, how often they are used, the driving records of employees, and whether you add endorsements like hired and non-owned auto insurance (HNOA) for employee-owned vehicles used for deliveries.

Average annual premiums by state:

Note: These estimates are based on average national Commercial Auto Insurance premiums for plastering businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on the number of vehicles, driving records, claims history, geographic risks, coverage limits, and insurer underwriting practices.

Professional Liability Insurance

The average cost of professional liability insurance for a plastering business is about $80 per month.

Professional liability insurance (also called Errors and Omissions Insurance) protects your business if a customer claims you made a mistake, gave bad advice, or didn’t do the job properly, and it caused them a financial loss.

For example, if you apply plaster incorrectly and it later cracks or falls off, damaging the client’s interior and requiring costly repairs, they might sue you for negligence. This insurance would help cover your legal defense costs and any settlement or judgment you’re required to pay.

The cost of professional liability insurance depends on things like how much coverage you want, how big your business is, and the kind of services you provide.

Average annual premiums by state:

Note: These estimates are based on average national Professional Liability Insurance premiums for plastering businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on business size, project scope, claims history, geographic risks, and insurer underwriting practices.

Contractor’s Tools And Equipment

The average cost of contractor’s tools and equipment for a plastering business is about $14 per month.

Contractors tools and equipment insurance covers the repair or replacement of tools and equipment used in your business if they are lost, stolen, or damaged.

For example, if someone breaks into your work van and steals your plaster mixers, trowels, scaffolding, and power tools, this insurance would help cover the cost to replace them. Without it, you’d have to pay out of pocket to replace essential equipment and resume work.

The cost of contractor’s tools and equipment coverage depends on the value of your tools and equipment and the type of work you do.

Average annual premiums by state:

Note: These estimates are based on average national Contractor’s Tools and Equipment Insurance premiums for plastering businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on the value of tools and equipment, theft risk, claims history, geographic risks, and insurer underwriting practices.

Plastering Business Insurance Costs By Provider

Plastering business insurance costs will vary greatly depending on the insurance carrier. Use the table below to find average costs across different providers.

Note: These estimates are based on average small business insurance costs for plastering contractors, typically including general liability, workers’ compensation, commercial auto, and property coverage. Actual premiums will vary depending on factors such as company size, number of employees, type of plastering work performed, location, claims history, and coverage limits.

What Factors Impact Your Plastering Insurance Costs?

Insurance premiums for plastering businesses are determined by underwriters who evaluate your company’s overall risk profile. Several factors—from the type of work you perform to your claims history—play a role in shaping what you’ll pay for coverage.

Type Of Plastering Work

Not all plastering jobs carry the same risks. A solo plasterer handling small residential repairs will typically pay less than a large firm working on high-rise or commercial projects. The more complex or hazardous the work, the higher the premium.

Use Of Hazardous Materials

Jobs involving heights, heavy machinery, or specialty materials such as lime plaster or stucco often cost more to insure due to the increased risk of injury or property damage.

Business Location

Where your company operates matters. Firms in urban, high-crime, or lawsuit-prone areas generally face higher premiums. Rural or lower-risk regions often benefit from reduced rates.

Size Of The Business

The number of employees, vehicles, and job sites directly impacts costs. Larger operations face greater exposure to claims, especially for workers’ compensation.

Tools, Equipment, And Vehicles

Owning expensive tools, scaffolding, or company vehicles increases property and equipment coverage needs. The more valuable your assets, the higher your premiums.

Claims History

Frequent claims signal higher risk to insurers, which can raise rates. A clean record often qualifies businesses for discounts.

Insurance Provider

Rates vary across carriers. Some insurers specialize in construction trades and may offer better pricing or tailored coverage for plasterers. Comparing quotes is one of the most effective ways to save.

How To Lower Your Plastering Insurance Costs

Running a plastering business comes with significant expenses, but your insurance premiums don’t have to overwhelm your budget. While coverage is essential, there are practical strategies to reduce costs without sacrificing protection.

1. Bundle Your Policies

One of the simplest ways to save is by combining coverage. Many insurers offer a Business Owner’s Policy (BOP) that packages general liability and property insurance at a reduced rate. Adding workers’ compensation through the same provider can unlock further discounts and streamline paperwork.

2. Ask About Discounts

Insurers often reward loyalty and upfront payments. You may qualify for reduced rates by signing a multi-year agreement or paying your premium in full instead of monthly installments.

3. Strengthen Safety Measures

Accidents drive up costs for both you and your insurer. Securing scaffolding properly, organizing tools and materials, using protective barriers, and providing safety training all help reduce liability risks. Fewer incidents mean fewer claims, which lowers premiums over time.

4. Build A Safer Work Environment

Workers’ compensation costs can be managed by focusing on employee safety. Training crews on safe lifting techniques, proper ladder and scaffolding use, and consistent protective gear practices reduces injuries. When fewer claims are filed, premiums stay lower.

5. Adjust Your Deductible

Opting for a higher deductible is a straightforward way to lower monthly premiums. Just ensure your business can comfortably cover the out-of-pocket amount if a claim arises.