Contractors Insurance in North Dakota

Since North Dakota requires a license for any job that costs $4,000 or more, it is recommended that all contractors get licensed by the state. North Dakota’s Secretary of State handles the licensing requirements in the state and you can contact them through their website for your individual requirements.

North Dakota is very straightforward when it comes to protection for employees and therefore requires all contractors, subcontractors, and specialty contractors to carry workers’ compensation insurance if they have at least one employee. In North Dakota, workers’ compensation insurance can only be purchased through the state administered workers’ compensation fund. Self-insuring or private insurance plans are not permitted in the state. To determine if your business is required to purchase workers’ compensation insurance, you find out for sure with the WSI questionnaire.

Protect Your Business with Contractors Insurance from Fairbanks Insurance

Whether or not your business is required to be licensed in North Dakota, it’s imperative that you protect your business by mitigating your risks with contractors insurance from highly-rated insurance companies through Fairbanks Insurance Brokers.

Here is What We Recommend:

General Liability

General Liability Insurance from Fairbanks Insurance should be the foundation of your insurance portfolio. Your general liability policy provides protection from common risks such as:

  • Liability resulting from bodily injury or property damage to a third-party
  • Contractual liability that comes with contractual agreements you enter into
  • Products Completed Operations that protects your business if there are problems with products you produce or install.
  • Defense Costs – Any legal action that is filed against your business will require a response from an attorney. Your insurance company will pay to respond and defend your business.

Workers' Comp

Almost every state requires that contractors carry workers’ compensation insurance to protect their employees and uninsured subcontractors. This important coverage takes care of medical costs, lost wages, and a partial death benefit if your employees suffer a work-related injury or illness. Without workers’ compensation, your business would be held liable for any employee’s workplace injuries, illnesses, and lost wages.

Commercial Auto

Your business will be required to provide proof of commercial insurance coverage before being able to park commercial vehicles or trailers on the property of large customers and government entities and therefore any vehicle that is owned or used by your company should be insured under a Commercial Auto policy. Your commercial auto policy provides higher liability limits and there are typically no limits on the number of vehicles or drivers on the policy. Your commercial auto insurance provides protection for liability and damages or the replacement of your insured vehicles.

Tool Coverage

Contractors use many types of tools and special equipment that can be very expensive to replace if they are damaged or stolen at the jobsite, in transit, or in storage. When your business is covered by a contractors’ inland marine policy from Fairbanks Insurance Brokers, these risks are transferred to an insurance company that will pay to repair or replace your tools and equipment.

Surety Bonds

Surety bonds come in various forms and are typically required for licensing, bidding, payment, and performance. Bonds should not be confused with insurance because they are more like a credit line (that must be repaid) than an insurance policy.

Fairbanks Insurance Brokers is a leader in providing contractors insurance and is dedicated to providing Contractors and Builders the finest insurance protection at the lowest rates throughout the construction community.

With savings up to 65% on General Liability, Workers’ Compensation, Commercial Auto and Bonds, you can count on us to do the heavy lifting and provide you the most competitive quote that includes all the discounts for which you qualify.


Please complete all fields

    Your Name *
    Your Email *
    Your Phone *
    Contractors License Number *
    Coverage Type