6 Best Welding Business Insurance for 2023

Thang Truong
Thang Truong
Updated on:

Welding can be a hazardous industry. According to SafetyCulture.com, over half a million workers are exposed to health and safety risks from welding each year in the United States. Safe work practices, proper training, and equipment maintenance help reduce the risks, but welders still need appropriate insurance. What kind of insurance should welders have, and what does it cost? Let’s find out. 

The 6 best welding business insurance companies

  • InsurePro: Best for pay-per-day welding business insurance
  • CoverWallet: Best for comparing several quotes online
  • Simply Business: Best for finding low-cost welding coverage
  • The Hartford: Best if you are ok working with an agent
  • Thimble: Best for short-term welding coverage
  • Next: Best for a comprehensive welding business insurance policy

InsurePro: Best for pay-per-day welding business insurance

InsurePro is another broker specializing in serving small businesses only. They are a newer broker with an innovative approach. They help small businesses save money on business insurance by buying the necessary coverage for a short period, even just a day. They work with several leading insurance companies to be able to offer small businesses with this pay-per-day coverage for all types of welding business insurance such as general liability, commercial property, and commercial auto insurance.


  • Easy and fast to get quotes online within 10 minutes
  • Can go from quote to purchase online
  • Can buy a policy with coverage for just a few days


  • Not available in all 50 states yet

CoverWallet: Best for comparing several quotes online

CoverWallet is an online insurance broker that provides multiple quotes. The company works with several well-known providers such as Liberty Mutual, Hiscox, Chubb, Progressive, etc. and many more that you may not be familiar with. You can apply for coverage online, compare the offers from multiple companies (typically, the broker returns the three top quotes for your business needs), select your policy, and manage payments and proof of insurance certificates all on the same website. 

Third-party insurers supply insurance coverage through CoverWallet as CoverWallet is a brokerage. Applying for coverage through CoverWallet is simple and only takes minutes. You provide some identifying and business-specific information, and you will receive a quote quickly. The entire process takes about 10 minutes, and you can select and purchase your insurance on their site. 

We obtained a quote from CoverWallet for general liability insurance for a 2-person welding business in Georgia. The quote that was returned was for coverage through Liberty Mutual. 

Graphical user interface, text, application

Description automatically generated


  • Multiple quotes in minutes. Best for comparing quotes online
  • Convenience of an online process


  • Third parties handle all underwriting
  • Some types of quotes may not be available online

Simply Business: Best for finding low-cost coverage

Simply Business is another leading online insurance broker focused on serving small businesses in almost all industries.

Similar to CoverWallet, Simply Business works with top insurance companies and are able to pull quotes for you to compare in one screen. The main difference between Simply Business and CoverWallet is that as a broker, Simply Business is more focused on finding the cheapest coverage for you. Of course, you can always compare the quotes they provide. However, they usually return the quote that they believe is the cheapest for your business.


  • Get multiple quotes online on one website
  • Focused on finding the cheapest quote for your business
  • Offers a resource library describing insurance needs for different businesses


  • Sometimes, they may not be able to return quotes online for you to compare on one screen and you need to discuss your quote options on the phone with their agents
  • If you particularly want to buy insurance from a carrier that they don’t work with, you are out of luck

The Hartford: Best if you are ok working with an agent

The Hartford has been in the insurance business since 1810. It’s one of the largest insurance and investment companies in the US. The company also has offices in England, Ireland, Japan, and Brazil. 

The Hartford aims their services primarily at large businesses, but they have expanded to cover some smaller companies in recent years. As they expanded, they also enhanced their digital presence and now allow businesses to get quotes, buy policies, and manage them online. The company offers a vast selection of policies to virtually any industry. 


  • Well-known, reputable company
  • Financially stable
  • Offers a variety of business insurance solutions


  • Can’t get quotes for some policies online

Thimble: Best for short-term welding business insurance coverage

Thimble is an online insurance agency offering coverage based on how long you need coverage. Thimble has one of the most straightforward quoting processes if you need coverage fast. You answer a few simple questions, and you receive a response in less than 10 minutes. The downside is that the company isn’t available everywhere and doesn’t offer coverage for every industry. 

If you need welding business insurance coverage for just a few days or for a particular project and your client require you to have insurance, Thimble is a perfect provider for you. You will be able to save a lot of money getting a policy from Thimble in this case.


  • Quick response time
  • Offers coverage based on how long you need it
  • Suitable for those who use contractors


  • Customer support is only available online

NEXT: Best for a comprehensive welding contractor insurance policy

Next is a leading insuretech specializing in providing business insurance for contractors. They cater to a great variety of contractors, including welding contractors. Since it is their specialization, the policy they provide to welding contractors is very comprehensive, covering general liability, contractor professional liability, workers comp, and commercial auto insurance.

NEXT provides one of the best digital experiences, from providing quotes, buying a policy, and managing a policy, completely online.


  • Specializing in providing insurance for a wide variety of contractors, including welding contractors
  • Comprehensive policy, including coverage that welding contractors may need
  • Great digital experience
  • Competitive rates


  • Relatively new company

What is welding business insurance?

Welding business insurance protects your welding business from financial damage stemming from mishaps at your facility or your customer’s site. Any business needs to maintain proper insurance coverage. With their hazardous nature, Welding businesses should be hyper-aware of the need for insurance coverage. Some clients require it before they hire you, and some states require it before you can be licensed in the industry. 

What kind of insurance does a welding business need?

The most common insurance coverage needed in any business, but especially in a risky business, like welding, is general liability insurance. The coverage protects you against claims made by a third party, protecting you from financial ruin. General liability insurance isn’t a legal requirement, but it is a good business practice to have it. Learn more at general liability insurance cost and the best general liability insurance companies

Other kinds of insurance that welders should consider include professional liability insurance and commercial property insurance. In addition, some welders need commercial auto insurance, workers’ compensation insurance, and commercial umbrella insurance. A commercial umbrella policy is particularly beneficial to welders as it will provide extra liability protection if a lawsuit stemming from an accident exceeds the limits of other liability policies. 

Learn more at professional liability insurance cost and the best professional liability insurance companies

Commercial property insurance cost and the best commercial property insurance companies

What does welding business insurance cover?

If you opt for a simple general liability insurance policy, it will typically cover the following things: 

  • Property damage
  • Bodily injury
  • Medical payments
  • Personal and advertising injury
  • Legal defense and judgments

Keep in mind that these policies pay property damage, bodily injury, and medical payments for a third party. You will need other coverage to protect yourself. 

As an example of a third-party injury, consider the following scenario. A client has contracted with you for you to weld a small piece for a larger installation. They bring the pieces to your shop, and as they are leaving, they trip over a hose and fall, landing on their arm and breaking it. Your general liability policy would likely cover the ensuing medical bills caused by injuries resulting from that fall. 

How much does welding business insurance cost?

If you add more coverages like professional liability or commercial property insurance or commercial auto insurance coverages, you will pay more. Below is the average cost of these coverages for a welding business.

The average welding business insurance cost is $70 per month or $840 per year. Some welding businesses may pay as low as $40 per month while other larger welding businesses may pay up to $150 per month. This is for general liability insurance, the most popular policy for welding businesses.

Business welding insurance coveragesAverage costs
General liability $70 per month
Professional $30 per month
Commercial property insurance $120 per month
Commercial auto insurance $155 per month

These are just the averages. Your rates will be different. Make sure you shop around with a few companies to compare quotes before making the final decision. Simply Business, InsurePro, and CoverWallet are the top brokers that can help you compare several quotes.

What factors affect welding business insurance cost?

Multiple factors determine the final cost of your welding business insurance policy premiums. Below are some of these:

  • Your business location
  • Your business size: how many people you employ, your revenue, how many customers you have
  • Your policy terms such as coverage limits and your deductible
  • The coverages you get: Just general liability or other coverages as well
  • Your experience and how long your business has been operational
  • Your claim history

How to find cheap welding business insurance?

Welding business insurance is necessary. However, it doesn’t need to break the bank. Here are a few tips to find cheap coverage:

  • Only get the coverage that you need. If you can only afford one policy, let it be general liability insurance
  • Bundle coverages whenever you can to get discounts
  • Ask for additional discounts and if you can be eligible
  • Determine the right policy term: decrease coverage limits and increase deductibles will lower the premiums
  • Follow safety protocols advised by the different industry trade group
  • Shop around to compare several quotes. Work with top brokers like Simply Business, InsurePro, or CoverWallet

Where to get welding business insurance quotes?

If you know the insurance coverage you need to have, you can get welding business insurance quotes online. If you are not sure the coverage that you need yet or you prefer comparing several quotes in one place without having to gather quotes from different companies separately, you should work with a top broker. Below are a few carriers offering welding business insurance quotes online for your consideration:

  • Carriers: NEXT, Thimble, and Hiscox
  • Brokers: InsurePro, Simply Business, and CoverWallet

Final thoughts

Welding is a risky business. The risk makes it especially important for welders to have appropriate insurance. Contact your preferred insurance agent or broker to discuss the kinds of insurance you need and how much it will cost.

Thang Truong

Thang Truong covers small business insurance and small business success at BravoPolicy. He is a licensed P&C insurance agent. Previously, he held product leadership positions at realtor.com, Capital One, NerdWallet, and Mulberry Technology. He holds a MBA degree from UC Berkeley - Haas School of Business.

More Stories

9 Best General Liability Insurance Companies for 2024

General liability insurance is probably the most popular business insurance that almost all businesses should have. It is required for some professions such as construction. The good news is that many insurance companies offer this product, so it is easy to find one that is the best for your business. In our intensive research, here […]

9 Best Commercial Auto Insurance Companies & Quotes in 2024

If you use your vehicles for work, you need to get a commercial auto insurance policy. Your personal auto insurance policy won’t cover the vehicles when you use for business. Commercial auto insurance is necessary when cars, trucks, or vans are used to conduct business. We cover everything you need to know about commercial auto […]

The 5 Best Business Owners Policy (BOP) Insurance for 2024

A Business Owner’s Policy (or BOP Insurance) is important to any small business to cover potential damages and losses when unexpected events happen. A BOP policy includes the coverages of general liability, commercial property, and business interruption in one master policy. If a small business can only afford one insurance policy, it should be a […]

11 Best Professional Liability Insurance Companies for 2024

If you’re a small business and in the market for professional liability insurance, below are 11 best companies offering this type of insurance for small businesses. In order to get an idea of the prices where online quotes were offered, we looked at a hypothetical accounting business in Wisconsin that had been in business for […]

Milepost Joins Truckstop: A New Dawn for Commercial Truck Insurance

The trucking industry is about to witness a significant shift in how insurance policies are procured, managed, and serviced. Milepost Insurance Agency LLC, a renowned Berkshire Hathaway enterprise, has recently collaborated with Truckstop, thereby pioneering a new era in trucking insurance for independent owner-operators. Revolutionizing the Insurance Experience The primary aim behind this dynamic partnership […]

Navigating Commercial Truck Insurance Premiums in 2023

Commercial truck insurance has become a focal point for many in the transportation sector as we delve deeper into 2023. With premiums seeing significant spikes in recent years, stakeholders are asking: Are we approaching a stabilization or even a decrease in these rates? Insights from industry experts provide clarity on this critical concern. Trends in […]

Regulatory Changes and Rising Commercial Truck Insurance Costs in California

In the wake of the passing of California’s AB5 bill, the trucking industry, including drivers and insurers, face unforeseen challenges. The legislation threatens to severely disrupt contractual trucking gigs, leading to rising insurance costs and potential operational changes. AB5 – A Potential Setback for Owner-Operators AB5, signed into law by Governor Gavin Newsom in 2019, […]

Finding Balance in Commercial Truck Insurance: Costs, Value, Services, and Long-Term Benefits

Navigating the maze of truck insurance offerings is not just a matter of finding the lowest price. It’s about understanding the nuances of what you’re buying, considering long-term benefits, and ensuring a harmonious relationship with your provider. This article offers a detailed examination of the process, unfolding the aspects of costs, value, services, honesty, and […]

New SEC Regulations on Cybersecurity and AI: A Comprehensive Overview

In an era where technology is at the forefront of business operations, the U.S. Securities and Exchange Commission (SEC) is taking decisive steps to ensure transparency and ethical practices. On Wednesday, the SEC was set to introduce new regulations that will impact publicly traded companies in two significant areas: cybersecurity and artificial intelligence (AI). These […]

6 Best Malpractice Insurance for Nurse Practitioners for 2023

Nurse practitioners have a great deal of responsibility when it comes to patient care. Many nurse practitioners assume that because they work under a doctor and their employer provides some level of malpractice insurance, they’re covered. It may be worth it to purchase your own policy, however. Employer malpractice insurance is to protect the employer, […]