Choosing the right subcontractor insurance is essential for protecting both your business and your clients. This guide outlines the main types of insurance, common mistakes to avoid, and expert tips. These insights will help you make informed decisions that lead to project success and financial security.

Insurance premiums for contractors in New York are rising sharply in 2025. This increase is driven by Labor Law §240 lawsuits, higher medical costs, and fewer insurance carrier options. Contractors now spend nearly double the national average on insurance, threatening profit margins and competitiveness. This article breaks down why costs are exploding—and what smart contractors can do to protect their business, refine bids, and stay ahead.