How Much Does Property Preservation Insurance Cost? 2026 Rates

Property preservation companies in the United States typically spend between $1,080 and $1,440 per year on comprehensive business insurance, which equals about $90 to $120 per month. Actual premiums vary depending on the overall risk profile of the business. Several factors influence how much coverage will cost, including property location, property condition, coverage limits, crime rate, weather risks, occupancy status, property value, and insurer underwriting guidelines.

How Much Does Property Preservation Insurance Cost?

On average, property preservation businesses in the United States spend between $1,080 and $1,440 annually on business insurance. That equals about $90 to $120 per month. These figures are only estimates, and the actual premium depends on the details of your operation.

Every property preservation company faces unique risks. A small business that handles only lawn care and inspections will typically pay far less than a larger firm performing full repairs, roof work, and debris removal.

The services you provide, the number of employees, the value of your equipment, and your business location all play a major role in shaping costs. For example, companies operating in high-crime areas or regions with frequent lawsuits often pay more for liability coverage. Similarly, businesses using ladders, power saws, or working on rooftops face higher accident risks, which can increase premiums.

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.

Understanding these variables helps property preservation 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 Property Preservation Insurance Costs For Coverage Types

When it comes to protecting your property preservation 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 property preservation businesses need.

• General liability insurance: $90 per month
• Business owner’s policy: $105 per month
• Workers’ compensation insurance: $261 per month
• Commercial auto insurance: $179 per month
• Contractor’s tools and equipment: $14 per month
• Professional liability insurance: $78 per month

General Liability Insurance

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

General liability covers third-party bodily injury, property damage, and advertising injuries. For example, if you’re cleaning out a foreclosed home and accidentally damage a neighbor’s fence with your truck, this policy would help cover the repair costs and any legal fees if the neighbor files a claim.

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 property preservation businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on business size, scope of services, 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 $105 per month for property preservation business.

A BOP bundles general liability insurance with commercial property insurance. It protects against customer injuries, property damage, and loss or damage to tools, equipment, or office space. For example, if a fire breaks out in your storage unit and damages your power tools and supplies, the BOP would help cover the cost of repairs or 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 (such as flood or crime rates), business revenue, number of employees, and any optional endorsements like business interruption insurance.

Average annual premiums by state:

Note: These estimates are based on average national Business Owner’s Policy (BOP) premiums for property preservation 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 property preservation business is around $261 per month.

Workers’ comp covers medical bills, rehabilitation, and lost wages for employees injured on the job. For example, if a crew member falls off a ladder while repairing a roof and breaks their leg, workers’ compensation would pay for their medical treatment and help cover lost wages while they recover.

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 property preservation 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 a property preservation business is about $179 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 truck while hauling debris from a job site, this policy would help cover the repair costs and any third-party injury or property damage claims.

Factors influencing the cost include coverage needs, the value of the vehicle, and your insurance claims history.

Average annual premiums by state:

Note: These estimates are based on average national Commercial Auto Insurance premiums for property preservation 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.

Contractor’s Tools and Equipment

The average cost of contractor’s tools and equipment for a property preservation 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 trailer at a job site and steals your lawn mower, pressure washer, and hand tools, this insurance would help cover the cost to replace them. Without it, you’d have to pay out of pocket, delaying your projects and hurting your business.

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 property preservation 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.

Professional Liability Insurance

The average cost of professional liability insurance for a property preservation business is about $78  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 winterize a property but forget to drain the pipes correctly, and they burst causing water damage, the property owner might sue you for negligence. This insurance would help cover your legal defense costs and any settlement or judgment against you.

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 property preservation businesses, adjusted slightly for state-level differences. Actual premiums will vary depending on business size, scope of services, claims history, geographic risks, and insurer underwriting practices.

Property Preservation Business Insurance Costs By Provider

Property preservation 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 property preservation companies, 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 preservation work performed (e.g., maintenance, repairs, inspections), location, claims history, and coverage limits.

What Factors Impact Your Property Preservation Insurance Costs?

Insurance premiums for property preservation businesses are determined by underwriters who assess your company’s overall risk profile. Several factors—from the services you provide to your claims history—play a role in shaping what you’ll pay for coverage.

Type Of Services

Not all property preservation companies face the same risks. A business limited to lawn care and inspections will generally pay less than one handling roof repairs, mold remediation, or debris removal. The more hazardous the work, the higher the premium.

Hazardous Work

Jobs involving rooftops, abandoned homes, or hazardous materials carry greater accident risks. These services typically require broader coverage, which increases costs.

Location Of Properties

Where you operate matters. Businesses working in high-crime areas, regions prone to floods or hurricanes, or urban neighborhoods with frequent vandalism often face higher premiums. Lower-risk suburban or rural areas usually cost less to insure.

Size Of The Operation

The number of employees, vehicles, and job sites directly impacts premiums. Larger teams and more equipment increase exposure to accidents and claims, raising workers’ compensation and liability costs.

Tools, Equipment, And Property Value

Owning expensive gear such as generators, trailers, or power washers raises commercial property insurance costs. Adding coverage for theft or equipment breakdown may further increase premiums but provides essential protection.

Claims History

Frequent claims signal higher risk to insurers, which can drive up rates. A clean record often qualifies businesses for discounts and more favorable terms.

How To Lower Your Property Preservation Insurance Costs

Running a property preservation business can be costly, but your insurance premiums don’t have to overwhelm your budget. While coverage is essential, there are practical strategies to reduce expenses 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. Using the right tools, keeping equipment well-maintained, wearing protective gear, and following safe procedures when working on roofs, clearing debris, or securing vacant properties all help reduce liability risks. Demonstrating strong safety practices can lower premiums over time.

4. Build A Safer Work Environment

Workers’ compensation costs can be managed by focusing on employee safety. Training crews on proper ladder use, safe lifting techniques, and careful handling of tools and debris reduces injuries. Fewer claims mean lower premiums.

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.