Source: Nationwide – Contractor Insurance
Nationwide: General Contractors Insurance Appetite
Nationwide handles small to mid-size general contractors well but is not a construction specialty carrier. Their BOP and GL programs work for residential remodelers and light commercial GCs. For larger or more complex construction risks, consider Travelers or CNA as the lead market. Builders risk availability varies by state.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Workers' Compensation |
| Commercial Auto |
| Inland Marine |
| Umbrella/Excess |
| Builders Risk |
Premium Range
$3,500-$20,000
Typical annual premium
Target States
All 50 states and DC
Key Features
- Builders risk coverage available for projects up to $10M in value
- Inland marine for tools, equipment, and materials in transit
- Blanket additional insured endorsements for general contractors
- Workers' comp with return-to-work programs for construction trades
- Commercial auto covers contractor fleets including heavy trucks
Limitations
- Heavy civil, bridge, and highway contractors require specialty submission
- Demolition-only contractors are excluded from standard program
- Residential tract builders over 50 units per year need individual underwriting
Compare Other Carriers for General Contractors
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