How much does tower contractor insurance cost?

Tower contractor insurance costs vary widely based on crew size, work type, claims history, and state. Typical annual ranges for a 10-person tower erection crew: GL without height exclusion ($15,000-$40,000), workers comp ($50,000-$150,000 depending on payroll and mod), umbrella to $5M ($20,000-$60,000), commercial auto ($15,000-$40,000 depending on fleet size), inland marine ($3,000-$8,000). Total program cost for a mid-size crew typically ranges from $100,000-$300,000 annually. Smaller maintenance crews (3-5 people) may fall in the $40,000-$100,000 range. These are typical ranges only and will vary by market conditions, experience mod, and loss history. The single largest cost driver is workers compensation, which is calculated on payroll at rates that can exceed $30 per $100 of payroll for climbing class codes in high-rate states. Companies with clean loss history and mods below 1.0 will be at the low end. Companies with claims, high mods, or operations in expensive states will be significantly higher. Annual premium as a percentage of revenue typically ranges from 8-15% for tower contractors, compared to 2-5% for most general construction.