Source: Hiscox — Contractors Insurance
Hiscox: General Contractors Insurance Appetite
Hiscox launched a digital Contractors Professional Liability product covering general contractors and artisan subcontractors. This covers ancillary design exposure, jobsite pollution, and regulatory proceedings. For small to mid-size GCs needing PL and GL, Hiscox is now a competitive option alongside Progressive and Travelers.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability (Contractors PL) |
| Business Owners Policy (BOP) |
Premium Range
$270-$8,000
Typical annual premium
Target States
49 states (not available in Alaska)
Key Features
- Digital Professional Liability product for general and artisan contractors
- Covers ancillary design/engineering exposure and jobsite pollution liability
- Broad appetite for 180+ contractor class codes
- Premiums from $270/year with $2M aggregate limit
- Revenue limit $10M for online quoting
Limitations
- No workers' comp, inland marine, or builders risk available
- No umbrella or excess liability coverage
- Heavy civil and infrastructure contractors may need larger markets
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