Source: Travelers — Contractors Insurance
Travelers: General Contractors Insurance Appetite
Travelers is one of the top construction markets in the country. Their underwriters understand contractor class codes, and their loss control team provides real value on large accounts. This is a go-to market for mid-size GCs doing $2M-$50M in annual revenue. Use their inland marine and builders risk to round out the account.
Available Lines
| Line of Business |
|---|
| General Liability |
| Workers' Compensation |
| Commercial Auto |
| Commercial Property |
| Inland Marine |
| Umbrella/Excess |
| Builders Risk |
Premium Range
$8,000-$75,000
Typical annual premium
Target States
All 50 states
Key Features
- Dedicated construction underwriting unit with deep class code expertise
- Wrap-up and OCIP programs for large projects
- Builders risk coverage for ground-up construction and major renovations
- Inland marine program for contractors' tools, equipment, and installation floaters
- Strong subcontractor default insurance options
Limitations
- Minimum premium thresholds may exclude very small one-person operations
- Environmental contractors need separate pollution liability placement
- Demolition-only contractors are typically declined
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