Jan. 2026 Magazine - Flipbook - Page 20
INSURANCE
Congrats on
Your New
Venture!
We currently work with over 300 surveyors across the country, providing comprehensive commercial
insurance solutions. Every week, we hear from new surveyors starting their own businesses who want to
establish proper insurance coverage and ensure they’re protected as they grow.
Below are the most common questions we receive from new surveying business owners, along with detailed
answers to help you make informed decisions about your insurance needs.
Frequently Asked Questions
Q: What will my insurance cost as I start out?
Several factors influence your insurance costs, including the type of work you perform, revenue projections,
equipment value, and whether you own vehicles. However, for a typical 1-2 person operation with no owned
vehicles and one total station, you can generally expect:
•General Liability and Property Coverage: Under $1,000 annually, payable monthly
•Professional Liability (E&O): $2,000–$2,500 annually, with monthly financing available
These estimates provide a starting point, but we’ll work with you to develop a customized quote based on your
specific situation.
Q: What contract language or coverage references should I include in my proposals and service agreements?
Contract language should be reviewed by legal professionals to ensure it’s appropriate for your specific
circumstances. Several of our E&O carriers offer contract review services, which can be an excellent resource
when developing or reviewing your agreements. We recommend taking advantage of this service to ensure
your contracts properly reflect your coverage and protect your business interests.
Q: How do I ensure independent contractors are properly covered under my policy?
Coverage requirements differ depending on the type of insurance:
•Professional Liability (E&O): Verify that independent contractors are included in your policy’s definition of
