Question 1

How much does construction insurance cost in North Carolina?

Accepted Answer

North Carolina construction insurance typically costs $5,000–$15,000/year. Workers' comp rates range from $4–$16 per $100 of payroll depending on trade. General liability averages $2,000–$5,500/year. Coastal projects pay more for wind coverage. A mid-size GC in Charlotte or Raleigh might pay $8,000–$13,000/year.

Question 2

What are NC workers' comp requirements for contractors?

Accepted Answer

North Carolina requires workers' compensation for employers with three or more employees. Construction employers should count all workers including part-time and seasonal. The NC Industrial Commission oversees the workers' comp system. Failure to carry required coverage can result in fines and criminal penalties.

North Carolina Construction Insurance | RISKX