Insurance - Ballpark price for general contractor insurance

Can anyone give me an idea about how much I might pay for, and how to get the cheapest possible price for, a general contractor insurance policy? I don't intend to ever do any work ever for anybody else, I am investigating becoming a licensed contractor to satisfy the letter of my homeowner's association covenants regarding the use of a professional contractor to build a fence on my back yard.

This is for Indiana, but I want to understand what the costs involved are, so any information will be helpful even if it's for somewhere else... Is it or can it be paid per job, or is there a short term policy option that could be obtained? Could I get a policy, make monthly policy payments then cancel after 1 month? Is the price going to be around $100? $1000? $10,000?

That's alot of trouble to get around your hoa! It would probably be easier to ask for an exception to the rule if you had a reasonable plan.

You could discuss with your homeowners insurance agent to what extent your existing policy would cover you since you would be doing the work yourself, and possibly have them supply a certificate of insurance to the hoa if insurance is the issue. If they are trying to police the quality of work performed in your neighborhood and won't give you an approved exception, then I would hire a contractor.

You have to pass the state's general contractor's exams to become a licensed general contractor in order to purchase the insurance.