How Much Is Business Insurance
for a Draftsman?

Whether you specialize in architectural, mechanical, electrical, or civil drafting work, insureon's agents can build a draftsman insurance policy for your company — in fact we've insured hundreds of other freelance draftsmen and small businesses like yours.

While costs will vary from business to business, let's look at what the typical small business pays for draftsmen insurance.

Note: Sample quotes represent the median costs for coverage. Actual premiums may vary.

HOW MUCH IS
General Liability Insurance?

What Does General Liability Insurance Cost?

Every drafting business or freelance draftsman has basic liabilities they can cover with a General Liability Insurance policy. This coverage pays for third-party lawsuits over bodily injuries, property damage, and reputational injuries. How does it work? If a client, deliveryman, or other third party gets injured at your office, GL will cover your lawsuit expenses. If you start a fire that damages your rented office space, GL will pay for the lawsuit if your landlord sues you.

General Liability Insurance typically costs $350 - $425 for draftsman.

Average Premiums, Deductibles and Limits on General Liability Insurance Policies for Draftsmen
Name USD

Median policy premium:

$350 - $425

Per claim limit:

$1 million

Policy limit:

$2 million

Median policy deductible:

Varies

To see how the cost of General Liability Insurance for draftsmen compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

What Does a Business Owner's Policy Cost?

An easy way to save money on draftsmen insurance is to purchase General Liability and Property Insurance in one insurance package called a Business Owner's Policy. BOPs discount their premiums for small businesses, meaning you'll get two important policies for less than you would if you bought them alone.

BOPs typically cost $500 for draftsman.

Average Premiums, Deductibles and Limits on Business Owner's Policies for Draftsmen
Name USD

Median policy premium:

$500

Per claim limit:

$1 million

Policy limit:

$2 million

Median policy deductible:

$500

HOW MUCH IS
Errors and Omissions Insurance?

How Much Is Errors and Omissions Insurance?

Drafting work is all about precision. Even small errors could lead to problems in prototypes and production. Fortunately, Errors and Omissions Insurance covers your legal bills when clients sue you over drafting errors. Say you misread an architect's handwritten notes and draft an incorrect 3D model. You could be sued for hundreds of thousands of dollars if your error causes a problem during construction or delays the project. E&O covers these and other lawsuits about errors, delays, and mistakes related to your drafting work.

Draftsman E&O typically costs $1,000 to $2,057.

Average Premiums, Deductibles and Limits on Errors and Omissions Insurance Policies for Draftsmen
Name USD

Median policy premium:

$1,000 — $2,057

Median policy limit:

$1 million

Median policy deductible:

$2,500

To see how the cost of Errors and Omissions Insurance for draftsmen compares with other industries, visit Insureon's Professional Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Umbrella Insurance?

What Does Umbrella Insurance Cost?

Umbrella Insurance offers additional coverage to General Liability, Hired and Non-Owned Auto Liability, and Employer's Liability. It adds $1 million in additional lawsuit coverage to these policies.

Umbrella Insurance typically costs $404 to $1,212 for drafting companies.

Average Premiums, Deductibles and Limits on Umbrella Insurance Policies for Draftsmen
Name USD

Median policy premium:

$404 - $1,212

Median policy limit:

$1 million

Median policy deductible:

Varies

To see how the cost of Umbrella Insurance for draftsmen compares with other industries, visit Insureon's Umbrella Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Workers' Compensation?

How Much Is Workers' Compensation?

As a business owner and employer, you may be legally required to have Workers' Compensation Insurance, which pays for many of the expenses that come from an employee injury. Because draftsman spend long hours at their desk, they can develop carpal tunnel and other repetitive stress injuries. If an employee suffers a work-related injury, Workers' Comp pays for their treatment, rehabilitation, other medical costs, and lost wages.

Workers' Compensation Insurance typically costs $363 to $640 for draftsmen.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance Policies for Draftsmen
Name USD

Median policy premium:

$363 - $640

Accident limit:

$100,000

Disease limit:

$500,000

Median policy deductible:

Varies

To see how the cost of Workers' Compensation Insurance for draftsmen compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Free Quotes on Draftsman Insurance

How to Get a Free Quote on Draftsman Insurance

Need a free quote on draftsman insurance? Fill out our online insurance application and we'll send you quotes tailored to your small business's needs.

Grab-n-Go Information

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