Best Welding Business Insurance

The Hartford leads our study for welding business insurance with a MoneyGeek score of 4.78 out of 5.00, earning top marks across all categories. At $127 per month or $1,522 annually, The Hartford combines comprehensive coverage with competitive pricing. We also recommend comparing quotes from our other top picks, including NEXT, biBERK, Simply Business and Coverdash.

*We based all scores on a welding business with two employees across professional liability, general liability, workers' comp and BOP policies.

The Hartford offers the most affordable insurance for welding businesses at $127 monthly ($1,522 annually), with the lowest rates for general liability ($137 monthly) and professional liability ($68 monthly) coverage. For workers compensation, NEXT provides cheaper coverage at $55 monthly. biBERK leads for business owner's policies at $185 monthly, compared to The Hartford's $189 rate.

The Hartford provides the cheapest general liability insurance for welding contractors at $137 monthly ($1,641 annually). This beats the industry average of $166 monthly by $29, saving your welding business $348 annually. NEXT ranks second at $137 monthly, while biBERK offers competitive rates at $142 monthly for welding companies needing liability protection.

Welding contractors pay an average of $117 monthly for workers' compensation, but NEXT offers the cheapest workers' comp insurance at $110 monthly ($1,316 annually), saving welding businesses $84 annually. The Hartford ranks second at $112 monthly, followed by Thimble at $112 monthly.

Professional liability insurance costs welding contractors $77 monthly on average, but you can find better rates. The Hartford offers the cheapest professional liability insurance at $68 monthly ($821 annually), cutting costs by $108 annually for your welding business. NEXT follows close behind at $71 monthly, while Progressive Commercial ranks third at $73 monthly for welding companies seeking errors and omissions coverage.

biBerk delivers the for welding businesses at $185 monthly ($2,218 annually), well below the industry average of $244 monthly. Your welding company saves $708 annually compared to typical BOP rates. The Hartford ranks second at $189 monthly, with NEXT offering another solid option at $208 monthly for welding contractors bundling general liability and property coverage.

In general, business insurance costs for welding companies are the following for the four most popular coverage types:

• General Liability: $166 on average per month ranging from $144 to $193 depending on state
• Workers Comp: $117 on average per month ranging from $100 to $137 depending on state
• Professional Liability (E&O): $77 on average per month ranging from $66 to $90 depending on state
• BOP Insurance: $244 on average per month ranging from $210 to $283 depending on state

Welding contractors face unique liability exposures from high-heat work, making workers' compensation a required coverage for welding contractors. You’ll also need commercial auto essential for legal compliance and financial protection. Beyond these, general liability and professional liability insurance address the fire risks and structural integrity concerns that define your welding business.

• Workers' Compensation Insurance: Your welders face arc flash burns, metal fume fever and back injuries from positioning heavy steel beams. Workers' comp covers their medical treatment and lost wages when welding accidents happen, and it's legally required in most states once you hire employees.
• Commercial Auto Insurance: Required by law for your work trucks. Protects you when hauling your welding rig to a fabrication site or if your loaded trailer damages another vehicle. Personal auto policies exclude business use, leaving your welding operation financially exposed during transport.
• General Liability Insurance: Covers you when your grinding sparks ignite nearby materials, your welding heat warps a client's steel plate, or molten slag burns through their equipment. Most commercial clients and welding license boards require $1 million to $2 million before you can start any job.
• Professional Liability Insurance (E&O): Protects your welding business when a structural weld fails inspection, you're accused of causing cracked welds, or clients claim your fabrication work caused equipment malfunctions. Essential coverage if you provide certified welding services or technical specifications beyond basic repairs.
• Tools and Equipment Insurance: Your TIG welder, acetylene torch setup and angle grinders represent major investments. This coverage protects your welding equipment from theft at job sites, damage during transport, or when stored in your shop between fabrication projects.
• Commercial Property Insurance: Protects your welding shop, welding booths, ventilation systems and metal inventory from fire damage (especially critical given welding fire risks), theft or storm damage. Necessary coverage if you own or lease a fabrication facility or welding workshop.
• Commercial Umbrella Insurance: Provides additional liability protection beyond your base policy when major welding accidents happen. Critical for structural welding contracts or industrial projects where a single incident could cause hundreds of thousands in damage, with coverage typically starting at $1 million.

Here's our step-by-step method for getting business insurance that protects your welding operation without overpaying.

The Hartford earns our top ranking for welding business insurance with a 4.78 MoneyGeek score, offering comprehensive coverage at $127 monthly. Your welding operation needs financial protection against fire damage from sparks, employee injuries and weld failures. Professional liability starts at just $68 monthly, combining affordable rates with exceptional customer service for welding contractors.

We answer frequently asked questions about Welding business insurance:

We selected the best business insurer for welding companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue