Novatae Risk Group offers a comprehensive solution for agents and brokers seeking solid markets for small to mid-sized contractors. Through its Contractor General Liability & Property Insurance Package – AXV, Novatae provides access to a streamlined program designed to protect your contractor clients from a wide range of property and liability exposures—while helping them save time and money.
This program, backed by an A.M. Best Rated AXV carrier, enables you to quote, bind, and issue new accounts in-house on the same day. That fast turnaround allows you to respond quickly to your clients’ needs, providing efficient service and improving retention.
Ideal Contractor Classes
This program targets a wide range of artisan and general contractors. Some of the top classes include:
- Appliance Installation
- Carpentry
- Concrete & Asphalt
- Developer - Builder
- Dirt Work
- Drywallers
- Electricians
- Excavation Contractors
- General Contractors
- HVAC Technicians
- Landscapers
- Metal Erectors
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- Masonry
- Painters
- Paving Contractors
- Pipeline Contractors
- Plumbers
- Pool Contractors
- Road & Bridge Contractors
- Roofing Contractors
- Septic Tank Cleaners
- Sewer Contractors
- Sheet Metal Workers
- Sign Erectors
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Whether your client runs a small HVAC company or is a general contractor managing multiple subs, this program can address their liability and property needs in one simplified package.
Coverage Highlights
- Same-day quote, bind, and issue capability
- General Liability Limits: $1,000,000 / $2,000,000 (ISO Form, standalone or package)
- Excess Liability available up to $5,000,000
- In-house Property authority up to $1.5M per location
- Property values up to $25M considered with quick submission and approval turnaround
Property coverage includes: Building, Business Personal Property, Contractors Equipment, Business Income, and Extra Expense.
Available extensions: Outdoor Signs, Lock Replacement, Fire Extinguishing System Expense, Sewer Backup, Employee Dishonesty, Money & Securities, Food Spoilage, Forgery and Alteration.
Program Features
- Carrier rated A-XV by A.M. Best
- Admitted and non-admitted options available
- $500 minimum premium
- $500 minimum deductible
- ISO-based General Liability coverage
Submission Requirements
- ACORD 125 and 126 for General Liability
- Applicable ACORD forms for Property and Equipment
- Three years of loss runs
- Program-specific supplemental application
Available States
This program is available in most states, including AL, AK, AZ, CA, CO, CT, FL, GA, IL, KY, LA, MN, MS, MO, NV, NJ, NM, NC, PA, SC, TN, TX, UT, VA, WV, and WI.
Why Work with Novatae Risk Group?
Novatae Risk Group is a trusted wholesale broker with access to top-rated carriers and underwriting expertise across a wide range of contractor classes. Their in-house authority and ability to issue same-day quotes and policies make them an excellent partner for agents looking to place contractor business quickly and efficiently.
You might have a client who’s a residential remodeler or a commercial roofer needing fast coverage for a new project. Novatae can help you deliver the right protection with speed and confidence.
Call 800-758-8113 to speak with an experienced broker today.
Frequently Asked Questions
What types of contractor businesses are eligible for this program?
This program targets a wide range of contractors, including general contractors, electricians, plumbers, HVAC techs, landscapers, roofers, and more.
What are the general liability limits offered?
The program offers standard CGL limits of $1 million per occurrence and $2 million aggregate, with excess limits available up to $5 million.
How quickly can policies be quoted and bound?
Novatae has in-house authority to quote, bind, and issue policies on the same day for qualifying accounts.
What property coverages are included?
Property coverage can include buildings, business personal property, contractors equipment, business income, and extra expense, with optional extensions available.
Is this program available in all states?
No, but it is available in most states including CA, TX, FL, GA, IL, and others. Contact Novatae for state-specific eligibility.
Need help placing an account? Connect with a market specialist.