Drywall Installer Workers Compensation 

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The benefits of Drywall Installer Workers Compensation help you to prevent the risks of sending your employees to a job site without coverage.

Drywall Installer Workers Compensation is essential. On-the-job accidents are all too common in this trade. Dropping a sheet of drywall can break a toe, and mishandling power tools can result in serious injuries. A single trip to the ER adds up fast. Even minor cuts and bruises come with high medical costs, and severe injuries could put your business at financial risk. Workers’ compensation is legally required in most states. Without it, an injured employee could sue for damages.

So why do many drywall installer companies operate without coverage? It’s simple—premiums are often too high. Insurers consider drywall installation a high-risk industry. Workers face daily hazards: sharp tools, heavy equipment, lifting irregular objects, and navigating tight spaces. Poor ventilation can also expose them to harmful particles or asbestos. These risks drive up costs.

At Redvo Workers Comp Brokers, we don’t believe drywall installers should be overpaying for workers’ comp insurance. We help high-risk businesses find affordable coverage—and in many cases, reduce premiums by 30–40%.

The Top Causes of Drywall Work-Related Injuries

You never know when a Drywall Installer Workers Compensation may hurt themselves at work. While many accidents result in minor injuries, others may leave a worker permanently disabled.

Here are the leading causes of injuries in the drywall industry:

  • Falls
  • Overexertion
  • Repetitive motions
  • Dust inhalation
  • Lifting heavy loads
  • Faulty equipment

Sheetrock installation is a specialized skill. Each sheet of drywall weighs between 50-120 pounds, and without proper training, accidents are common. Employers should teach every worker the appropriate techniques and safety protocols.

While training does reduce the risk of work-related injuries, it won’t stop them all. Even the most experienced drywall contractors can become the victim of an on-the-job accident. The only way to fully protect your employees is with Drywall Installer Workers Compensation.

What Types of Insurance Do Drywall Installers Need?

Drywall Installer Workers Compensation companies shouldn’t send employees into the field without adequate insurance coverage. Insurance not only protects your workers, but it also prevents your business from dealing with costly medical bills. Having coverage is a win-win for everyone—and in most cases, it’s also the law.

There are two types of insurance you should buy for your Drywall Installer Workers Compensation company: general liability and workers’ compensation. 

Here are the benefits of both:

  • General liability insurance protects companies from a variety of work-related losses. Coverage includes property damage, customer bodily injuries, slander, and libel. Policies are usually affordable, and you may be able to purchase a plan for around $50 per month.
  • Workers’ compensation insurance pays for all medical bills relating to an on-the-job accident. Your policy will also pay for rehabilitation, disability, or funeral expenses. It covers any regular employee performing work-related duties.

    This sort of protections is ordinarily more costly. Your premiums depend on the number of workers you have got and your claims history. 

Professional insurance covers all of your regular employees. It doesn’t matter in case your laborers are full-time, part-time, salaried, or hourly—they will get the same benefits. As long as you pay your premiums on time, you ought to stay in great standing together with your protections supplier. 

Drywall Installer Workers Compensation business owners should also consider buying other types of insurance. If you have a company vehicle, for example, you’ll need commercial auto insurance.

Commercial property insurance is also a good idea to protect your company’s assets. This type of policy covers a variety of incidents, including theft, fire, vandalism, and acts of nature.

Is Workers’ Comp Insurance for Drywall Expensive?

Workers’ compensation is a much-needed safety net in the Drywall Installer Workers Compensation industry. If someone gets hurt on-the-job, the policy immediately kicks into action. Insurance should pay for any medical bills or lost wages related to the injury. It will also cover short- and long-term disability, rehabilitation services, or funeral expenses. Without workers’ comp, your company would foot the bill.

Coverage for Drywall Installer Workers Compensation doesn’t come cheap. Any type of physical labor increases the odds of getting hurt. For this reason, premiums are often pricier than in other fields.

The National Council on Compensation Insurance (NCCI) has pricing guidelines for insurance companies.

The formula for drywall contractor insurance premiums is:

Class Code Rate (times) Employer Payroll (times) Experience Mod Rating (equals) Premium

Your class code is a 4-digit number assigned by the NCCI for your industry, and Drywall Installer Workers Compensation have a class code of 5445. Companies pay a specific rate for every $100 of their employer payroll.

The experience modification rating (EMR) serves as a credit rating. It starts with a value of 1, and the number increases for every accident you report. Thus, the higher your EMR, the more your pay for workers’ comp coverage.

How to Buy Drywall Contractor Insurance

Although every drywall business needs workers’ compensation insurance, it’s not always easy to find. Many insurance companies avoid covering high-risk industries. The more accidents that happen in your industry, the more difficult buying insurance becomes.

And since Drywall Installer Workers Compensation contractor injuries are common, you may find yourself hitting a brick wall. There are three places you can look to buy workers’ comp: private insurance, State Fund, and PEOs.

Private insurance is where most Drywall Installer Workers Compensation companies look first. These insurers can help you find a custom plan that fits the needs of your employees. While this may sound ideal, not every company can get coverage.

Private insurers don’t have to sell you a policy. If they feel your industry is too risky, which is often the case for Drywall Installer Workers Compensation, they may turn you away.

The next insurance option is the State Fund. Even if you are high-risk or have a high-mod rating, you can get coverage from the government. They will sell a policy to any company, no matter how many claims you have. The problem with State Fund insurance, however, is the price. These plans are often the most expensive out there.

Many high-risk businesses can’t afford their insurance premiums. That doesn’t mean they can forego buying compensation insurance, however. In this situation, teaming up with a Professional Employer Organization (PEO) may be the best option. PEOs know how to find the lowest premiums available.

Should you go with a PEO? Here are some questions to ask yourself:

  • Do you have 5-500 employees?
  • Is your industry high-risk?
  • Would you like to lower your workers’ comp premiums?
  • Are you ready to get away from the State Fund?
  • Do you want to avoid a high deposit?
  • Did your current carrier refuse to renew your policy?
  • Are there gaps in your insurance coverage?
  • Do you have any losses?
  • Do you have a high experience modification rating?
  • Are you tired of the annual audit?
  • Would you like an insurance company that is also your partner?
  • Do you want to avoid getting sued?

If you answered yes to one or more of these questions, then Redvo Workers Comp Brokers may be the perfect fit for your company. We specialize in finding great workers’ compensation plans for small- to medium-sized businesses.

It doesn’t matter if a private insurer turned you down previously. We can still help you find affordable insurance. And with our know-how, we may even be able to lower your premiums by 30-40 percent

Does Workers’ Comp Cover Drywall Subcontractors?

Many companies in the construction industry hire subcontractors to help out. Drywall Installer Workers Compensation is no exception. As a business owner, you need to make sure you have enough workers’ compensation to protect all of your employees. But do subcontractors fall under this umbrella?

The reply is no. The government does not consider subcontractors to be normal workers of commerce. Instep, they are autonomous temporary workers or self-employed.  Anyone who falls under this employment label pays their own payroll taxes and insurance premiums.

Since your Drywall Installer Workers Compensation Insurance plan won’t cover subcontractors, they must buy general liability insurance on their own. If they don’t have insurance and get hurt at a job site, a subcontractor could sue your company for damages. To prevent this scenario, you should only hire workers who have liability coverage.

The Best Workers’ Compensation for Drywall Businesses

There are plenty of potential hazards in the drywall installation industry. Sending an employee to a job site without workers’ compensation coverage is a risk not worth taking.

One wrong move can send a worker straight to the emergency room—and if you don’t have coverage for job-related injuries, you could be stuck paying the medical bills out of pocket.

At Redvo Workers Comp Brokers, our team of specialists helps drywall installation businesses secure strong coverage at affordable rates. We focus on workers’ comp solutions tailored for small- to mid-sized businesses.

Whether you’re just starting out, have experienced a lapse in coverage, or operate across multiple states, we work with all types of high-risk, high-mod, and niche industries to find the right policy for your business.

Also, because you’re in drywall, you might be interested in:
Construction workers comp
Pay-as-you-go-workers comp
High Modification
Why PEO plans are becoming more popular
We aren’t your typical insurance company. Instead, we become your partner. And with our pay-as-you-go plans, you can even avoid the annual audit. Our services are highly rated.

We’ve helped thousands of clients save on their premiums, and we’d love to do the same for you.

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