Builders Mutual Insurance Company
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Scope & focus - Monoline and multiline commercial products written exclusively for contractors (residential, commercial, light industrial) across their footprint; Workers’ Compensation is the only line available in Florida. - Key products: Workers’ Compensation, Commercial Package Policy (CPP), General Liability, Property, Inland Marine, Crime, Auto, Builders Risk, Umbrella Liability. Preferred business - Construction-related accounts only; Builders Mutual positions itself as a contractors-only market with deep sector expertise. - Larger trade contractors (payroll > ~$1.5M) and general contractors are specifically targeted for CPP, with GL at the core and the ability to package Property, Inland Marine and Crime. - Trade contractor program available for residential and commercial trade contractors; notably, GL and Umbrella in this program do not include subcontracted work property exclusions CG 22 94 (GL) or CU 22 64 (Umbrella), signaling appetite for well‑managed subcontracted work exposures. - Workers’ Compensation is positioned as the core line and can be written monoline or as part of a multiline account. Restricted / declined - The Agent Quick Reference Guide and public product pages emphasize construction/contractor specialization; non‑construction classes are effectively outside appetite. - Umbrella: new umbrella rating is not available online; specific underwriting rules apply: requires underlying GL with Builders Mutual, minimum underlying limits, and concurrency requirements (see Umbrella notes below). ([buildersmutual.com](https://www.buildersmutual.com/downloads/BMI-Agent-Quick-Reference-Guide.pdf?utm_source=openai)) Geographic notes - Florida: Workers’ Compensation is the only line of business written in Florida; other commercial products are not available there. - North Carolina: Builders Mutual requires that NC contractors insured with the company join and maintain membership in a local North Carolina Home Builders Association (HBA); this is a condition tied to their roots with NCHBA and applies to NC policyholders. ([buildersmutual.com](https://www.buildersmutual.com/coverages?utm_source=openai)) - Builders Risk “Blanket” product is limited to NC, SC, TN, and VA. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) Workers’ Compensation - Available as monoline or as part of a multiline account for contractors. - Policy covers medical care, physical rehabilitation, and lost wages for employees injured on the job. - Optional features include: USL&H coverage for over‑the‑water exposures, specific and blanket waiver of subrogation options, and material coverage change or cancellation notification. - Annual premium audit is required on Workers’ Compensation (and GL), with guidance provided by the carrier for record expectations. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) Commercial Package Policy (CPP) - Target: larger trade contractors (payroll > ~$1.5M) and general contractors. - CPP is built around GL and can package Property, Inland Marine, Crime. - When GL and Property are packaged, the CPP automatically includes key contractor‑oriented features such as: - Business Income and Extra Expense - Personal Property at Other Locations - Installation coverage - Automatic coverage for commonly requested additional insureds - Contractors’ tools, owned and borrowed equipment - Computer equipment (including laptops) - Pollution clean‑up, lock replacement, money & securities, accounts receivable. - CPP is explicitly aimed at contractor operations; non‑construction CPP risks are outside positioning. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) General Liability - Offered monoline or as core of CPP. - Coverages include premises/operations, products/completed operations, independent contractors, contractual liability, options for employee benefits liability, and coverage for property in the insured’s care, custody, or control. - Trade Contractor Program GL does not include CG 22 94 subcontracted work property exclusion, accommodating subcontracted work with appropriate risk controls. - GL is subject to annual audit alongside Workers’ Compensation. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) Property - Designed for contractors’ premises and business personal property, including buildings/structures (offices, storage buildings, other business structures), BPP (furniture, equipment, other property on premises), and property of others in the insured’s control. - Additional coverages include debris removal, preservation of property, fire department service charges, pollution clean‑up/removal; optional replacement cost and inflation guard. - Property is frequently enhanced when included inside CPP rather than as stand‑alone. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) Inland Marine / Crime - Inland Marine and Crime can be written as part of CPP; used to cover mobile equipment, tools, and theft‑crime exposures common to contractors. Commercial Auto - Commercial Auto policy tailored to contractors, covering a range of vehicles: pick‑ups, vans, dump trucks, box trucks, trailers, and private passenger autos used in business. - Provides liability, physical damage, medical payments, UM/UIM; covers owned, non‑owned, hired, temporary, substitute, and newly acquired autos. - Intended to complement other commercial lines for construction accounts. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) Builders Risk - Builders Risk is offered for general contractors for new residential, new commercial, and renovation/remodeling projects. - Coverage extends to scaffolding, temporary structures, theft of materials, debris removal, pollution clean‑up/removal, fences, trees, and outdoor property; profit can be included. - Product structures: - Enhanced Builders Risk (EBR) One‑Shot – single‑location policies. - Monthly Reporting – multiple locations, monthly reporting, for builders with ≥15 annual starts. - Blanket – for large builders with ≥50 starts/year, locations reported annually; available only in NC, SC, TN, VA. - Signals strong appetite for ongoing residential and commercial building operations in these core states with meaningful production volume. ([buildersmutual.com](https://www.buildersmutual.com/coverages/products-and-policies?utm_source=openai)) Umbrella Liability – underwriting highlights - Written over Commercial GL, Employers Liability, and Auto Liability. - Key underwriting requirements from Agent Quick Reference Guide: - Umbrella limits available up to $10M. - Minimum retained limit is $10,000. - Underlying GL must be written with Builders Mutual with minimum limits of $1M per occurrence / $2M aggregate. - Underlying Auto must carry at least $1M combined single limit; Employers Liability must carry at least 500 / 500 / 500. - Commercial Auto and Employers Liability may be written by another carrier if AM Best A (Excellent) VII or better and written on ISO forms. - Concurrency of policy expiration dates is mandatory between Umbrella and GL; concurrency across WC, Employers Liability, and Auto is preferred. - Umbrella rating is not available online; submissions must go to underwriting as directed in agency manual. - These rules indicate appetite for better‑quality, well‑structured accounts with consistent underlying programs and reputable carriers where Builders Mutual is not providing all underlying lines. ([buildersmutual.com](https://www.buildersmutual.com/downloads/BMI-Agent-Quick-Reference-Guide.pdf?utm_source=openai)) Producer / broker & submission notes - Builders Mutual instructs agents in its Quick Reference Guide to consult the online Agency Manual for the most current forms, rules, and rating details for each line of business; the Quick Reference is expressly not a full manual. - For Umbrella, agents must submit applications to underwriting (rating not available online) and ensure required minimum underlying limits and concurrency are satisfied before binding. - Annual premium audits apply to WC and GL accounts; agents should prepare insureds for record‑keeping and audit cooperation. - For NC accounts, agents must ensure HBA membership is in place and maintained as a condition of coverage. - As a contractors‑only carrier, agents should avoid submitting non‑construction classes and instead focus on residential/commercial/industrial contractors, trade contractors, and builder/remodeler operations within the geographic footprint. ([buildersmutual.com](https://www.buildersmutual.com/downloads/BMI-Agent-Quick-Reference-Guide.pdf?utm_source=openai))